Nitin Spinners Q3FY26 Revenue Falls 4.50% to ₹801.72 Cr, Approves ₹230 Cr Solar Projects
Nitin Spinners Limited announced Q3FY26 financial results showing revenue from operations of ₹801.72 crores, down 4.50% from ₹839.51 crores in the previous year. The company's net profit declined marginally to ₹44.41 crores from ₹44.78 crores year-over-year. The Board approved significant solar power projects worth ₹230 crores, including partnerships with LNB Renewable Energy Limited for renewable energy expansion across Rajasthan facilities.

*this image is generated using AI for illustrative purposes only.
Nitin Spinners Limited has announced its Q3FY26 financial results for the quarter ended December 31, 2025, reporting revenue from operations of ₹801.72 crores compared to ₹839.51 crores in the corresponding quarter of the previous year. The textile manufacturer's Board of Directors also approved major solar power projects worth ₹230 crores during their meeting held on January 31, 2026.
Q3FY26 Financial Performance
The company's quarterly results showed a decline across key financial metrics. Net profit for Q3FY26 stood at ₹44.41 crores compared to ₹44.78 crores in Q3FY25, while profit before tax decreased to ₹58.37 crores from ₹59.87 crores year-over-year.
| Financial Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹801.72 Cr | ₹839.51 Cr | -4.50% |
| Total Revenue: | ₹801.72 Cr | ₹839.51 Cr | -4.50% |
| Net Profit: | ₹44.41 Cr | ₹44.78 Cr | -0.83% |
| Profit Before Tax: | ₹58.37 Cr | ₹59.87 Cr | -2.51% |
| Basic EPS: | ₹7.90 | ₹7.96 | -0.75% |
Nine Months Performance Analysis
For the nine months ended December 31, 2025, the company reported revenue from operations of ₹2,354.08 crores compared to ₹2,464.36 crores in the corresponding period of the previous year, representing a decline of 4.48%. Net profit for the nine-month period decreased to ₹120.19 crores from ₹129.06 crores, while basic earnings per share fell to ₹21.38 from ₹22.96.
| Nine Months Metrics: | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹2,354.08 Cr | ₹2,464.36 Cr | -4.48% |
| Net Profit: | ₹120.19 Cr | ₹129.06 Cr | -6.87% |
| Basic EPS: | ₹21.38 | ₹22.96 | -6.88% |
Major Solar Power Projects Approved
The Board of Directors approved two significant renewable energy initiatives with a combined investment of ₹230 crores. The first project involves execution of an agreement with LNB Renewable Energy Limited for setting up a 33 MW (AC)/49.50 MW (DC) solar power plant at Village Chamu, District Jodhpur, Rajasthan. The second project includes installation of an 8.05 MW (AC)/11 MW (DC) solar power plant at Bhanwaria Kalan, Begun unit.
| Solar Project Details: | Specifications |
|---|---|
| Total Investment: | ₹230 Crores |
| Combined Capacity: | 41.05 MW (AC)/60.50 MW (DC) |
| Financing Source: | Internal Accruals & Term Loans |
| Strategic Partner: | LNB Renewable Energy Limited |
Earnings Conference Call Scheduled
The company has scheduled an investor conference call for February 3, 2026, at 2:30 PM to discuss the Q3FY26 results and future business outlook. The call will be organized by SMIFS Limited and will feature Chairman & Managing Director Mr. Dinesh Nolkha and Chief Financial Officer Mr. P. Maheshwari. The trading window for company shares will open from February 3, 2026, for directors, designated persons, and their immediate relatives.
Historical Stock Returns for Nitin Spinners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.35% | +2.52% | +3.19% | -13.53% | -17.00% | +307.96% |

































