Nitin Spinners Q2 FY27 Revenue Surges 29.6% to ₹985.2 Crore
Nitin Spinners reported Q2 FY27 revenue of ₹985.2 crore, up 29.6% YoY. EBITDA grew 76.3% to ₹175.5 crore with margins at 17.8%. PAT surged 155% to ₹88.7 crore. H1FY27 revenue reached ₹1,860.20 crore, up 19.8%. Expansion projects and renewable energy initiatives are on track for completion by December 2026.
The substantial growth in key financial metrics, successful expansion progress, and positive outlook indicate a significant positive impact on the company's performance and investor confidence.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with margin expansion. Expansion projects are on track and expected to contribute positively.
Nitin Spinners Limited announced a strong performance for the second quarter and first half of fiscal year 2027. The company reported a total revenue of ₹985.2 crore for Q2 FY27, marking a significant 29.6% year-on-year growth from ₹760.1 crore in Q2 FY26. This represents the highest ever quarterly revenue for the company, driven by increased yarn realization, stable demand, and higher sales volume in the fabric business.
EBITDA for the quarter stood at ₹175.5 crore, a substantial 76.3% increase from ₹99.6 crore in the same period last year, with EBITDA margins expanding to 17.8% from 13.1%. Profit After Tax (PAT) surged by 155% to ₹88.7 crore, compared to ₹34.8 crore in Q2 FY26. Earnings Per Share (EPS) for the quarter was ₹15.77.
For the first half of FY27 (H1FY27), total revenue grew by 19.8% to ₹1,860.20 crore. EBITDA increased by 57% to ₹331 crore, and PAT saw a remarkable 116.4% growth to ₹163.9 crore.
The company's expansion projects are progressing as planned, with partial trials commenced and commercial production expected by the end of December 2026. The renewable energy capacity will increase from 41 MW to 95 MW, expected to meet 50-55% of power needs post-expansion. The management noted that domestic cotton prices remained at par with international prices, keeping Indian yarn competitive globally.
Discussions during the analyst call also covered the potential for future capex in garmenting, the outlook on cotton prices, and strategies to manage input cost volatility.
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