Nitin Spinners
321.10
-1.50(-0.46%)
Market Cap₹1,805.22 Cr
PE Ratio11.31
IndustryTextiles
Company Performance:
1D-0.46%
1M-2.81%
6M-19.75%
1Y-27.30%
5Y+443.78%
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More news about Nitin Spinners
05Aug 25
Nitin Spinners Reports Q1 Results and Announces Senior Management Appointments
Nitin Spinners Ltd. announced its Q1 FY24 results with revenue of Rs. 79,331.32 lacs and profit after tax of Rs. 3,939.07 lacs. The company appointed four new Senior Management Personnel and scheduled its 33rd AGM for September 6. The trading window for insiders will open from August 8.
02Jun 25
Nitin Spinners Inks Power Supply and Share Purchase Agreements with CGE Hybrid Energy
Nitin Spinners Ltd., a textile industry player, has approved two strategic agreements with CGE Hybrid Energy. The company's board has given the go-ahead for a Power Supply Agreement and a Share Purchase Agreement. These moves suggest a potential shift in Nitin Spinners' energy management strategy, possibly aiming for more stable or cost-effective power supply for its operations. The Share Purchase Agreement indicates a potential equity investment or partnership between the two entities.
13May 25
Nitin Spinners Reports Solid Q4 FY2023 Results with Revenue Growth and Dividend Declaration
Nitin Spinners announced robust Q4 FY2023 results, with revenue up 11.83% to ₹839.50 crore, EBITDA increasing 14.37% to ₹117.80 crore, and net profit surging 40.88% to ₹44.80 crore year-over-year. The company declared a dividend of ₹3.00 per share. Annual revenue for FY2023 grew 20.66% to ₹2,907.90 crore, with EBITDA up 26.26% to ₹379.30 crore. Operating Profit Margin improved slightly to 13.97%, and interest expenses decreased by 17.86%, indicating improved operational efficiency and debt management.
Nitin Spinners
321.10
-1.50
(-0.46%)
1 Year Returns:-27.30%
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