*Nitin Spinners Ltd.* | *CMP* Rs. 276 | *M Cap* Rs. 1552 Cr | *52 W H/L* 295/43
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 664.7 Cr (20.1% QoQ, 55.7% YoY) vs QoQ Rs. 553.6 Cr, YoY Rs. 426.9 Cr
EBIDTA came at Rs. 177.5 Cr (38% QoQ, 220.3% YoY) vs QoQ Rs. 128.6 Cr, YoY Rs. 55.4 Cr
EBITDA Margin came at 26.7% vs QoQ 23.2%, YoY 13%
Adj. PAT came at Rs. 91.9 Cr vs QoQ Rs. 60 Cr, YoY Rs. 11.9 Cr
Quarter EPS is Rs. 16.4
Share is trading at P/E of 8.1x FY23E EPS