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38,175 shares changed hands in the counter on BSE.
The stock had surged 6.2% in the past two trading sessions ahead of the results announcement to Rs 377.25 on 11 November 2005 from Rs 355.05 on 9 November 2005.
Super Spinning Mills’ net profit surged to Rs 5.88 crore from Rs 0.14 crore in Q2 September 2004. Net sales declined 4.8% to Rs 90.80 crore (Rs 95.40 crore). The decline in sales was due to the lower level of cotton trading during the quarter. The company’s revenue from the cotton yarn and garments segment during the quarter rose slightly to Rs 86.36 crore from Rs 85.63 crore in Q2 September 2004.
Super Spinning Mills is mainly into the production of cotton yarn.
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