Nitin Spinners Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2025, recommended Final Dividend of Rs. 3 per equity share.
NITINSPIN · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nitin Spinners Limited's Board, at its meeting on May 13, 2025, recommended a final dividend of Rs. 3 per equity share (30% on face value of Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. The company also announced its audited financial results for Q4 FY25 and full year FY25. Revenue from operations grew to Rs. 3,30,565 lakhs in FY25 from Rs. 2,90,565 lakhs in FY24, a rise of about 14%. Net profit jumped to Rs. 17,543 lakhs from Rs. 13,152 lakhs, up roughly 33% year-on-year. EPS for FY25 stood at Rs. 31.20 versus Rs. 23.39 in FY24. The Board also approved the appointment of V.M. & Associates as Secretarial Auditors for five years from FY26 and re-appointed Vivek Laddha & Associates as Cost Auditors for FY26. The trading window for designated persons opens from May 16, 2025.
The dividend marks a Rs. 0.50 per share increase over the previous year's Rs. 2.50, signalling improved shareholder returns backed by strong profit growth. Robust revenue and earnings expansion may be viewed positively by investors, though the stock may react to the dividend yield relative to its current market price.