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.
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.