Nitin Spinners Q1 FY27 Profit Soars 83.6% on Margin Expansion

Bhilwara-based textile manufacturer Nitin Spinners reported a substantial surge in its first-quarter net profit for FY27, rising by 83.6% year-on-year to ₹75.3 crore.

Q1 FY27 Performance Snapshot

• Net Profit: ₹75.3 crore, up from ₹41 crore in the previous year.
• Revenue from Operations: Increased 10.3% to ₹875 crore, from ₹793.3 crore.
• EBITDA: Grew 40% year-on-year to ₹155.5 crore.
• EBITDA Margin: Expanded to 17.7% from 14% a year earlier.

This robust financial performance was directly attributed to significant EBITDA growth, propelling the company’s overall profitability. The notable expansion in EBITDA margin, from 14% to 17.7%, underscores improved operational efficiency during the quarter.

Board Recommends Director Re-appointment

• The board recommended Rohit Swadheen Mehta’s re-appointment as a non-executive independent director.
• This marks his second consecutive five-year term, effective from December 30, 2026, to December 29, 2031.
• The re-appointment remains pending shareholder approval, with the company confirming Mehta is not debarred by SEBI or any other authority.

Nitin Spinners had previously highlighted key strategic drivers for future growth, including its ongoing capacity expansion and proposed free trade agreements with the UK and the European Union. These initiatives are expected to significantly fuel the company’s next phase of revenue and margin improvement.

Chairman and Managing Director Dinesh Nolkha stated that the current expansion is projected to add approximately ₹1,000 crore in additional revenues. The company aims for total revenues of about ₹4,400 to ₹4,500 crore once this new capacity is fully utilized.

Prior to the official earnings announcement, shares of Nitin Spinners closed 1.29% higher at ₹579.75 on August 7 at NSE.