Nahar Spinning Mills Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 09, 2021 at 05:29 am
Share
Nahar Spinning Mills Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 8,426.83 million compared to INR 5,405.92 million a year ago. Revenue was INR 8,466.53 million compared to INR 5,427.19 million a year ago. Net income was INR 1,365.79 million compared to net loss of INR 168.04 million a year ago. Basic earnings per share from continuing operations was INR 37.88 compared to basic loss per share from continuing operations of INR 4.81 a year ago.
For the six months, sales was INR 15,808.62 million compared to INR 7,503.78 million a year ago. Revenue was INR 15,861.82 million compared to INR 7,537.23 million a year ago. Net income was INR 2,369.14 million compared to net loss of INR 422.21 million a year ago. Basic earnings per share from continuing operations was INR 65.69 compared to basic loss per share from continuing operations of INR 11.86 a year ago.
Nahar Spinning Mills Limited is engaged in the business of manufacture of cotton yarn/blended yarn and hosiery knitwearâs. The Company offers various products such as yarn and knitted garments. Its yarns include 100% cotton-raw white and dyed yarns; raw white combed yarns; raw white carded yarns/open end yarns; dyed yarns; organic cotton yarn (raw white and dyed); fair trade cotton yarn; melange yarn; 100% gassed/mercerized yarns; compact spun yarns; blended yarns; specialized blended yarns; synthetic/manmade fiber yarns; cleaner yarn, and specialized yarns, such as Grindle Yarn, Space Dyed Yarn, Slub Yarn, Core Spun yarn, and others. The Company's knitted garments includes spinning, knitted fabric, dyeing facility, mercerizing & dyeing, processing & finishing, lab & testing, garmenting, embroidery, and printing. The Company's single knits include Single Jersey, Pique, Textures, Fleece, and its double knits include Interlocks, Drop Needle, Textures, Ribs, Feeder strippers, and more.