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Nitin Spinners hosted a conference call on Feb 04, 2022. In the conference call the company was represented by Mr Dinesh Nolkha-Manging Director and Mr P Maheshwari-CFO.
Key takeaways of the call
Q3FY2022: The company achieved highest ever revenue and profit on back of optimizing the capacity utilization, adding value added products and through de-bottle necking.
Revenue increased to Rs 705 cr in Q3FY2022 against Rs 467cr in Q3FY2021 a growth of 51% YoY. Apart from better operating efficiencies, higher selling prices due to higher raw material prices led to increase in revenues in the quarter.
EBITDA stood at Rs 178crin Q3FY2022 as against Rs 74 cr in Q3FY2021, a growth of 140% YoY.
EBITDA margin stood at 25.3% in Q3FY2022 as against 15.9% in Q3FY2021. Healthy demand coupled with operating efficiencies and better prices led to healthy margins.
Reported PAT stood at Rs 93 cr in Q3FY2022 as against Rs 23 cr in Q3FY2021, a growth of 300% YoY.
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