Nitin Spinners Limited's Board of Directors convened on May 08, 2026, and approved the audited standalone financial results for the quarter and year ended March 31, 2026. The statutory audit was conducted by M/s Kalani & Co LLP (FRN: 000722C/C400390), which issued an unmodified audit opinion on the financial results. In compliance with Regulation 30 and 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its audited financial results for the quarter and year ended March 31, 2026 in The Business Standard (English) and The Pratapkai (Hindi) newspapers dated May 09, 2026. The trading window for designated persons of the company reopened from Monday, May 11, 2026.

Q4 FY26 Performance Highlights

Nitin Spinners delivered a strong year-on-year improvement in Q4 FY26. Net profit for the quarter rose to Rs. 5,736.38 lakhs compared to Rs. 4,636.90 lakhs in Q4 FY25. Revenue from operations for the quarter came in at Rs. 85,979.16 lakhs versus Rs. 84,129.46 lakhs in the same period last year. Profit before tax for Q4 FY26 stood at Rs. 7,840.95 lakhs, up from Rs. 6,316.60 lakhs in Q4 FY25.

Financial Performance Overview

For the full year ended March 31, 2026, the company reported revenue from operations of Rs. 3,21,386.69 lakhs, compared to Rs. 3,30,565.42 lakhs in the previous year. Total revenue, including other income, stood at Rs. 3,21,887.58 lakhs for FY26 against Rs. 3,30,925.08 lakhs in FY25. Profit before tax for the year was Rs. 23,876.26 lakhs, marginally higher than Rs. 23,693.91 lakhs recorded in FY25. Net profit for the period from continuing operations came in at Rs. 17,754.94 lakhs for FY26, compared to Rs. 17,542.63 lakhs in FY25.

The following table summarises the key income statement metrics for the year and the latest quarter:

Key Expense Line Items

Total expenses for FY26 were Rs. 2,98,011.32 lakhs, compared to Rs. 3,07,231.17 lakhs in FY25. The major cost components for the full year included:

• Cost of Materials Consumed: Rs. 1,99,826.61 lakhs (FY25: Rs. 2,08,800.34 lakhs)
• Employee Benefits Expenses: Rs. 20,946.33 lakhs (FY25: Rs. 20,055.89 lakhs)
• Power & Fuel: Rs. 29,196.56 lakhs (FY25: Rs. 28,101.64 lakhs)
• Finance Cost: Rs. 7,086.38 lakhs (FY25: Rs. 9,038.08 lakhs)
• Depreciation and Amortisation: Rs. 14,813.33 lakhs (FY25: Rs. 14,769.55 lakhs)
• Other Expenses: Rs. 24,491.34 lakhs (FY25: Rs. 25,039.77 lakhs)

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, the company's total assets stood at Rs. 2,91,460.79 lakhs, up from Rs. 2,73,231.97 lakhs as at March 31, 2025. Total equity increased to Rs. 1,47,073.08 lakhs from Rs. 1,31,119.94 lakhs, reflecting the accretion of reserves. Paid-up equity share capital remained unchanged at Rs. 5,622.00 lakhs, with other equity at Rs. 1,41,451.08 lakhs as at March 31, 2026.

Net cash generated from operating activities for the year ended March 31, 2026 was Rs. 41,051.51 lakhs, compared to Rs. 30,742.61 lakhs in the previous year. Net cash used in investing activities was Rs. 28,669.84 lakhs, primarily on account of capital work-in-progress and purchase of property, plant and equipment. The closing balance of cash and cash equivalents stood at Rs. 294.98 lakhs as at March 31, 2026.

Dividend, Government Grant, and Other Developments

The Board recommended a dividend of 30% i.e. Rs. 3.00 per equity share of Rs. 10/- each for the financial year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting. During the quarter ended March 2026, the company received a capital subsidy of Rs. 2,166 lakhs from the Government of Rajasthan under RIPS, 2022, pertaining to its expansion project of 2022-23. Pursuant to IND AS-20, this amount is being amortised over the useful life of the respective assets, with Rs. 141.77 lakhs recognised under other income in the current quarter and the balance carried as Deferred Government Grants. The Board also approved the re-appointment of M/s Vivek Laddha & Associates (Firm Registration No.: 103465), Cost Accountants, as Cost Auditors of the company for FY2026-27, on the recommendation of the Audit Committee. The company's business activities fall within a single operating segment — Textiles — as per Indian Accounting Standard 108.

Nitin Spinners Ltd. has announced that its senior management will participate in an investor conference call to discuss Q4FY26 results and future business outlook on May 11, 2026 at 4:00 PM. The conference call is being organized by SMIFS Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The earnings conference call will feature key members of the company's senior management team discussing the quarterly results and providing insights into future business prospects.

Management Participation

The conference call will include participation from the company's top leadership:

Conference Dial-In Information

SMIFS Limited has provided comprehensive dial-in details for investor participation in the earnings call:

Board Meeting Context

This conference call follows the previously announced Board of Directors meeting scheduled for May 8, 2026, where the board will consider and approve the audited financial results for Q4FY26 and the full financial year ended March 31, 2026. The board will also deliberate on the recommendation of final dividend for FY2025-26.

Trading Window Status

As per the company's Code of Conduct for prevention of Insider Trading, the trading window for dealing in securities remains closed for all Directors, Designated Persons, and their immediate relatives until May 10, 2026, extending 48 hours from the time financial results are made public.

Company Information

The company has noted that changes to the conference call schedule may occur due to exigencies on part of the host, company, or participants. SMIFS Limited has designated Awanish Chandra and Karina Raghani as contact persons for RSVP and further queries regarding the conference call.