Outcome of Board Meeting held on 08.05.2026
NITINSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitin Spinners Limited's Board approved the audited financial results for Q4 and FY ended March 31, 2026. Total income stood at approximately Rs. 327.3 crore (including Rs. 5.9 crore other income) against Rs. 291.5 crore in the prior year, reflecting revenue growth of ~10%. Profit after tax (PAT) for the year was Rs. 15.54 crore, down from Rs. 17.64 crore in the previous year, representing a PAT decline of ~12%, partly influenced by exceptional items (net charge of Rs. 0.72 crore). The Board recommended a dividend of Rs. 3.00 per share (30%) subject to shareholder approval at the AGM. Statutory auditors M/s Kalani & Co LLP issued an unmodified (clean) opinion, confirmed by CFO declaration under Regulation 33(3)(d). M/s Vivek Laddha & Associates was reappointed as Cost Auditors for FY 2026-27. The trading window will open from May 11, 2026.
The company reported steady revenue growth (~10%) but a decline in profitability for FY 2025-26, which could be viewed cautiously by investors. The clean audit opinion and dividend recommendation offer some support. The stock may see neutral-to-mild negative reaction given the PAT decline despite revenue growth.