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Latest news about Nitin Spinners

Nitin Spinners Investment Committee Approves ₹9.52 Crore Renewable Energy Deal 7 days ago

Nitin Spinners' Investment Committee has approved a strategic renewable energy acquisition, purchasing 6.66% stake in CGE II Hybrid Energy Private Limited for ₹9.52 crores. The deal involves acquiring 95,20,202 equity shares to secure 10 MW renewable power capacity through a Wind Solar Hybrid Project for the company's Rajasthan manufacturing facilities, with transaction completion targeted by September 30, 2026.

Nitin Spinners Shareholders Approve Special Resolutions for Enhanced Borrowing Powers with 99.8964% Majority Mar 16, 2026

Nitin Spinners Announces Postal Ballot for Rs 3000 Crore Borrowing Authorization Feb 11, 2026

Nitin Spinners Submits Q3FY26 Investor Presentation to Stock Exchanges Feb 02, 2026

Nitin Spinners Limited Schedules Board Meeting for January 31, 2026 to Review Q3FY26 Financial Results Jan 22, 2026

More news about Nitin Spinners

22Nov 25

Nitin Spinners Bags Gold and Silver Trophies from TEXPROCIL for Export Excellence

Nitin Spinners Ltd. has been awarded by The Cotton Textiles Export Promotion Council (TEXPROCIL) for the year 2023-24. The company received a Gold Trophy for Highest Employment Generation and a Silver Trophy for Second Highest Exports of Grey Yarns in Cotton Yarns Category. These awards highlight Nitin Spinners' significant contributions to the textile sector, particularly in employment creation and export growth. The recognition may enhance the company's reputation, reflect positively on its operational efficiency, and indicate strong market demand for its products.

04Nov 25

Nitin Spinners Reports Decline in Q2 Financial Performance

Nitin Spinners Ltd. experienced a downturn in its Q2 financial results. Revenue decreased by 7.3% to ₹7.60 billion from ₹8.20 billion year-over-year. EBITDA fell by 13.4% to ₹996.00 million, with the EBITDA margin contracting to 13.1%. Net profit declined by 17.5% to ₹348.00 million from ₹422.00 million in the previous year. The results indicate challenges in the company's operating environment.

08Aug 25

Nitin Spinners Reports Marginal Revenue Decline in Q1 Amid Global Market Uncertainties

Nitin Spinners Limited reported a 1% year-on-year decline in Q1 revenue to INR 793.00 crores. EBITDA decreased 6% to INR 111.00 crores, with margins at 14.02%. Profit after tax fell 3% to INR 41.00 crores. Exports contributed 62% of total sales. The company maintains high capacity utilization and is proceeding with a INR 1,120.00 crores expansion plan despite market challenges. Management remains optimistic about medium to long-term growth prospects.

06Aug 25

Nitin Spinners Reports Steady Q1 Performance, Expects Rs 1,000 Crore Revenue from Expansion

Nitin Spinners, a leading textile manufacturer, reported Q1 FY24 results with revenue at Rs 793.31 crore (down 1.20% YoY), EBITDA at Rs 111.25 crore (down 6.36% YoY), and PAT at Rs 40.99 crore (down 2.68% YoY). The company anticipates healthy demand in H2, projecting additional revenue of Rs 1,000 crore from capacity expansion. Plans include increasing spinning capacity by 20% and weaving capacity by 88%. The company is also focusing on sustainability initiatives, including renewable energy adoption and use of eco-friendly fibers.

05Aug 25

Nitin Spinners Reports Q1 Results, Appoints New Senior Management

Nitin Spinners reported Q1 revenue of Rs. 793.31 crore, down 5.70% YoY. PAT decreased 8.00% to Rs. 39.39 crore. EBITDA stood at Rs. 111.25 crore with a 14.02% margin. Yarn segment contributed 73.30% to total revenue. Exports accounted for 62% of sales. The company appointed four new Senior Management Personnel. Chairman expects healthy demand in H2 despite current challenges.

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.