Nitin Spinners Limited has informed the Exchange regarding Appointment of M/s V.M. & Associates as Other of the company w.e.f. April 01, 2025.
NITINSPIN · price
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Nitin Spinners posted strong FY25 results, with revenue from operations rising about 14% to Rs. 3,305.65 crore (from Rs. 2,905.65 crore in FY24). Profit after tax grew around 33% to Rs. 175.43 crore versus Rs. 131.52 crore last year, pushing basic EPS to Rs. 31.20 (from Rs. 23.39). For Q4 alone, revenue was Rs. 847.29 crore with PAT of Rs. 46.37 crore. The Board recommended a 30% dividend, i.e., Rs. 3 per share, subject to shareholder approval. The Board also appointed M/s V.M. & Associates as Secretarial Auditor for a first term of five years starting FY26, and re-appointed M/s Vivek Laddha & Associates as Cost Auditor for FY26. Statutory auditor Kalani & Co LLP issued an unmodified opinion on the results.
Robust earnings growth and a healthy 30% dividend payout are positive for shareholders and likely to support the stock in the near term. The routine auditor appointments signal stable governance with no leadership or audit resignations to worry about.