Nitin Spinners Limited has informed the Exchange regarding Appointment of M/s Vivek Laddha & Associates as Other of the company w.e.f. April 01, 2025.
NITINSPIN · price
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Nitin Spinners Limited reported its audited financial results for Q4 and full year ended 31 March 2025. Standalone revenue from operations grew to about Rs. 3,30,565 lakhs in FY25 from Rs. 2,90,565 lakhs in FY24 (roughly 13.8% growth), while profit after tax jumped to Rs. 17,542 lakhs from Rs. 13,152 lakhs (about 33% growth). Basic EPS rose to Rs. 31.20 from Rs. 23.39. Q4 also showed stronger numbers with PAT of Rs. 4,637 lakhs versus Rs. 3,917 lakhs a year ago. The Board has recommended a 30% dividend (Rs. 3.00 per share on a Rs. 10 face value), subject to shareholder approval. The statutory auditors Kalani & Co LLP issued an unmodified (clean) opinion, and the CFO filed the required declaration. The Board also appointed M/s V.M. & Associates as Secretarial Auditors for a first term of five years starting FY 2025-26 and re-appointed M/s Vivek Laddha & Associates as Cost Auditors for FY 2025-26.
Strong profit growth of about one-third along with a steady dividend signals healthy operating performance for shareholders; combined with a clean audit opinion and routine auditor appointments, this is broadly positive for investor confidence and should be supportive of the stock on results day.