Nitin Spinners Limited has informed the Exchange that Board of Directors at its meeting held on August 05, 2025, recommended Final Dividend of Rs. 3 per equity share.
NITINSPIN · price
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Awaiting price reaction for this filing.
Nitin Spinners' Board met on August 5, 2025 and approved unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at Rs. 79,331.32 lakh, slightly lower than Rs. 80,296.67 lakh in Q1 FY25. Profit after tax was Rs. 4,098.63 lakh versus Rs. 4,211.68 lakh a year ago, with EPS at Rs. 7.29 (vs Rs. 7.49). The Board also recommended a Final Dividend of Rs. 3 per equity share (face value Rs. 10), subject to shareholder approval at the 33rd AGM on September 6, 2025. Kalani & Co LLP issued a clean limited review report with no qualifications. Additionally, four employees were designated as Senior Management Personnel, including three promotions to Vice President roles.
Mild YoY decline in both revenue (~1.2%) and PAT (~2.7%) suggests flat operating performance, though margins appear stable. The Rs. 3 final dividend offers decent shareholder return; combined with any interim dividend already paid, it signals continued cash generation. Stock reaction likely neutral to mildly positive on the dividend announcement.