Nitin Spinners Limited has informed the Exchange about Transcript
NITINSPIN · price
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Nitin Spinners reported its highest ever quarterly revenue of INR 859.8 crores in Q4 FY '26, with EBITDA of INR 130.4 crores and margin expansion of 124 basis points to 15.17%. Full year FY '26 revenue stood at INR 3,213.9 crores with EBITDA margin of 14.09%. Management guided that normalized margins should be in the 16-20% range for FY '27, driven by improved yarn spreads (now at INR 120-125/kg vs INR 110/kg previously), fabric price lag benefit, and INR 30-35 crores annual savings from renewable power. The INR 1,000+ crores capex is progressing on track for H2 FY '27 commercialization, adding 35 million meters of fabric capacity and 22,000 tons of spinning capacity. Net debt to equity improved to 0.76x. Management highlighted positive long-term outlook driven by FTA benefits with UK and EU, capacity reductions in the industry, and improved demand visibility.
Strong Q4 performance with margin expansion signals operational leverage. Management's 16-20% margin guidance for FY '27 and upcoming capacity expansion provide visibility on earnings growth. The improving yarn spread environment and fabric price lag effect should support margins in coming quarters.