Nitin Spinners Q1FY27 Revenue Hits ₹875 Crore, Highest Ever; PAT Up 83.6%
Nitin Spinners reported its highest-ever quarterly revenue of ₹875 crore for Q1FY27, up 10.3% YoY. PAT surged 83.6% YoY to ₹75.27 crore. The company is undertaking a ₹1,120 crore expansion plan, including increasing spinning and fabric capacities, expected operational from Q3FY27. Renewable energy capacity expansion is also underway.
The announcement details record financial performance, significant year-on-year growth in key metrics like revenue and profit, and substantial ongoing capital expenditure plans for capacity expansion. These are material events that are likely to have a significant impact on investor sentiment and the company's future trajectory.
The company reported record revenue and significant year-on-year growth in PAT, alongside positive commentary from the management regarding future outlook and capacity expansion. This indicates a strong financial performance and positive business prospects.
Nitin Spinners Limited announced its financial results for the quarter ended June 30, 2026 (Q1FY27), presenting an investor presentation detailing the performance. The company reported its highest-ever quarterly revenue for the second consecutive quarter, reaching ₹875 crore, a 10.3% increase year-on-year and a 1.8% increase quarter-on-quarter.
EBITDA for the quarter stood at ₹155.58 crore, marking a significant jump of 39.9% year-on-year and 19.3% quarter-on-quarter. Profit After Tax (PAT) surged by 83.6% year-on-year to ₹75.27 crore, with a 31.2% increase quarter-on-quarter. The EBITDA margin improved by 376 basis points to 17.78% compared to Q1FY26.
Revenue from yarn sales contributed ₹633.5 crore (72.4% of total revenue), while fabric sales accounted for ₹188.7 crore (21.6%). Exports formed a substantial 65.2% of the total revenue, amounting to ₹570.3 crore.
The company highlighted its ongoing capacity expansion plans, with an investment of approximately ₹1,120 crore. This includes adding 22,400 MTPA to spinning capacity and 35 million meters per annum to weaving and finishing fabric capacity, expected to be operational from Q3FY27. The company is also expanding its renewable energy capacity, with ongoing and approved projects aiming to add approximately 96.4 MW of solar and hybrid power.
Mr. Dinesh Nolkha, Chairman and Managing Director, expressed satisfaction with the strong quarterly performance, driven by improved yarn realisations and better demand. He expressed confidence in delivering year-on-year growth for the full year FY27, supported by the commercialization of additional capacities. The management noted the positive long-term outlook for the Indian textile industry.
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