Nitin Spinners Limited reported its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors convened on May 08, 2026, approved the results, and recommended a dividend of 30%, or INR3 per equity share of INR10 each, subject to shareholder approval. The statutory audit was conducted by M/s Kalani & Co LLP, which issued an unmodified opinion. The company also made the audio recording of its Analyst/Investor Earnings Call, held on May 11, 2026, available on its website.

Q4 FY26 Performance Highlights

Nitin Spinners delivered its highest ever quarterly revenue of INR859.8 crores in Q4 FY26, marking a 2.2% year-on-year increase and a 7.4% quarter-on-quarter rise. This growth was driven by improved demand and yarn prices. Net profit for the quarter rose by 23.7% year-on-year to INR57.4 crores, compared to INR46.4 crores in Q4 FY25. Profit before tax stood at INR78.4 crores, up from INR63.2 crores in the corresponding period of the previous year.

Operational and Financial Overview

For the full year ended March 31, 2026, revenue from operations stood at INR3,213.9 crores, a marginal decline of 2.8% compared to the previous year, primarily due to lower yarn and raw material prices in the first half. EBITDA for the year was INR452.8 crores, with a margin of 14.09%. Net profit for the year increased by 1.2% to INR177.6 crores. The company’s net debt to equity ratio improved to 0.76x as of March 31, 2026, down from 0.89x in the previous year.

Management Commentary and Outlook

Management noted that FY26 was a challenging year for the textile industry but ended on a positive note for upstream players. The second half of the year saw uncertainties due to geopolitical tensions, but Q4 FY26 witnessed improved demand following the removal of U.S. tariffs and restocking across channels. Spinning capacity utilization was over 98% in Q4 FY26, while woven fabric capacity operated at over 90%.

The company is currently executing a capacity expansion plan with a capex of nearly INR1,100 crores, expected to be commissioned in the second half of FY27. This will add 35 million meters of fabric capacity and 22,000 tons of spinning capacity. Management expects normalized margins to be in the range of 16% to 20% in FY27, supported by better demand visibility, increased realizations, and renewable power initiatives. The Board also approved the re-appointment of M/s Vivek Laddha & Associates as Cost Auditors for FY2026-27.

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.