Nitin Spinners Q3FY26 Revenue Falls 4.50% to ₹801.72 Cr, Approves ₹230 Cr Solar Projects

2 min read     Updated on 29 Jan 2026, 05:14 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

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.

31232694

*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 Day5 Days1 Month6 Months1 Year5 Years
-1.35%+2.52%+3.19%-13.53%-17.00%+307.96%

Nitin Spinners Limited Schedules Board Meeting for January 31, 2026 to Review Q3FY26 Financial Results

1 min read     Updated on 22 Jan 2026, 04:07 PM
scanx
Reviewed by
Naman SScanX News Team
Overview

Nitin Spinners Limited has scheduled a board meeting for January 31, 2026, to consider and approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The announcement complies with SEBI Regulation 29 requirements. Trading window restrictions will remain in effect for directors, designated persons, and connected individuals until February 2, 2026, maintaining a 48-hour closure period after results disclosure.

30623877

*this image is generated using AI for illustrative purposes only.

Nitin Spinners Limited has announced a board meeting scheduled for January 31, 2026, to review and approve the company's quarterly financial performance. The meeting will focus on considering the unaudited financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The textile company has formally notified both major stock exchanges about the upcoming board meeting in accordance with regulatory requirements. The meeting is scheduled to take place on Saturday, January 31, 2026.

Meeting Details: Information
Date: January 31, 2026
Purpose: Q3FY26 unaudited financial results
Period Covered: Quarter and nine months ended December 31, 2025
Regulation: SEBI (LODR) Regulation 29

Trading Window Restrictions

In compliance with the Code of Conduct for prevention of Insider Trading, the company has implemented trading restrictions on its securities. The trading window will continue to remain closed for specific categories of individuals until the financial results are made public.

Affected Parties and Timeline

The trading restrictions apply to:

  • All directors of the company
  • Designated persons
  • Connected persons and their relatives

The trading window will remain closed until February 2, 2026, which represents a 48-hour period following the public disclosure of financial results.

Regulatory Compliance

The announcement demonstrates the company's adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, specifically Regulation 29, which mandates prior intimation of board meetings where financial results will be considered. This regulatory framework ensures transparency and prevents insider trading while maintaining market integrity.

The company secretary Sudhir Garg has signed the official communication to both BSE Limited and National Stock Exchange of India Limited, confirming the scheduled board meeting and associated trading restrictions.

Historical Stock Returns for Nitin Spinners

1 Day5 Days1 Month6 Months1 Year5 Years
-1.35%+2.52%+3.19%-13.53%-17.00%+307.96%

More News on Nitin Spinners

1 Year Returns:-17.00%