Super Spinning Mills registers four-fold rise in Q4 net profit

22 May 2012

Super Spinning Mills has reported results for fourth quarter and year ended March 31, 2012.

On standalone basis, the company has posted a rise of 333.50% in its net profit at Rs 8.41 crore for the quarter ended March 31, 2012 as compared to Rs 1.94 crore for the same quarter in the previous year.   However, total income has decreased by 22.98% at Rs 101.92 crore for quarter under review as compared to Rs 132.33 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, the company has reported net loss of Rs 42.92 crore for the year ended March 31, 2012, against net profit of Rs 13.91 crore last fiscal. Total income decreased by 20.89% at Rs 377.95 crore during the year under review from Rs 477.77 crore in the year-ago period.

On consolidated basis, the company has reported net loss of Rs 44.08 crore for the year ended March 31, 2012, against net profit of Rs 14.70 crore for the corresponding period last fiscal. Total income decreased by 20.17% at Rs 388.95 crore during the year under review from Rs 487.20 crore in the year-ago period.

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SEBI Registered: Investment Adviser - INA000013323

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