Nitin Spinners Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
NITINSPIN · price
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.5 pts less 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 reported strong financial performance for FY2026 with revenue from operations growing to Rs 1,99,827 lakh (approx Rs 1,999 crore) from Rs 1,48,451 lakh in FY2025, representing a 34.6% year-on-year increase. Profit After Tax (PAT) for the year stood at Rs 23,694 lakh compared to Rs 17,640 lakh in the previous year, a growth of 34.3%. The Board recommended a dividend of Rs 3 per equity share (30%) for shareholder approval at the AGM. The statutory auditor M/s Kalani & Co LLP issued an unmodified (clean) opinion on the audited financial statements. The company also re-appointed M/s Vivek Laddha & Associates as cost auditors for FY2026-27.
The company delivered robust double-digit growth in both revenue and profitability for FY2026. The clean audit opinion and dividend recommendation signal financial stability. The 34%+ growth rate significantly exceeds typical benchmarks, which could be positive for investor sentiment.