Nitin Spinners Limited, a textile company, has released its standalone financial results for the period ending March 31, 2023. The company reported a total income of Rs. 656.1596 crores during this period, marking an increase from Rs. 537.4878 crores in the previous quarter, ending December 31, 2022. The net profit for the period ending March 31, 2023, was Rs. 38.5357 crores, compared to Rs. 31.5824 crores in the previous quarter.

In a year-on-year comparison for the fourth quarter, Nitin Spinners reported a decline in total income from Rs. 769.5850 crores in Q4 FY2022 to Rs. 656.1596 crores in Q4 FY2023. Similarly, the net profit decreased from Rs. 85.4707 crores to Rs. 38.5357 crores during the same period.

Looking at the financial performance for the full financial year ended March 31, 2023, Nitin Spinners reported a total income of Rs. 2410.0169 crores, a decrease from Rs. 2694.1575 crores in the previous year. The net profit for the year was Rs. 164.8105 crores, compared to Rs. 326.1377 crores in the previous year.