Monday, 1 February 2021

Good Morning Friends- watch to - ginni filaments -

Sales rise 3.59% to Rs 217.13 crore Net profit of Ginni Filaments rose 12540.00% to Rs 12.64 crore in the quarter ended December 2020 as against Rs 0.10 crore during the previous quarter ended December 2019. Sales rose 3.59% to Rs 217.13 crore in the quarter ended December 2020 as against Rs 209.60 crore during the previous quarter ended December 2019. ParticularsQuarter EndedDec. 2020Dec. 2019% Var.Sales217.13209.60 4 OPM .698.39 -PBDT25.959.62 170 PBT19.613.06 541 NP12.640.10 12540

Promoters alloted 1.5 crore convertible warrants converted into shares at Ra 12.50 per share within 18 months. I thought they were allotting them at Rs 10. This Rs 2.50 premium is quite a surprise. Anyway promoting putting more money is a big confidence booster. Also a quarterly EPS of 1.79 vs Rs 1.17 QoQ also is very encouraging. In short. Q3 Sales 217.13 cr, Depreciation 6.34 cr, Interest 6.40 cr, Tax 7.14 cr, Profit 12.63 cr on Equity of 70.65 cr. Giving EPS of 1.79 cr.

                                           BUTY BUY BUY

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