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Nitin Spinners Ltd

| Quarterly Financial Results Q3 FY 2025-26

NEUTRAL SENTIMENT

Report Source

⬤31st Jan 26

Summary : Nitin Spinners reported a slight decline in 9M FY26 profits and revenue, while strategically investing Rs. 230 Crores in solar power plants.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of Materials Consumed for 9M FY26: Rs. 150170.53 Lacs.
  2. Employees Benefits Expenses for 9M FY26: Rs. 16033.10 Lacs.
  3. Finance Cost for 9M FY26: Rs. 5406.89 Lacs.
  4. Depreciation and Amortisation Expenses for 9M FY26: Rs. 11139.47 Lacs.
  5. Power & Fuel for 9M FY26: Rs. 21529.65 Lacs.
  6. Other Expenses for 9M FY26: Rs. 17947.90 Lacs.
  7. Revenue from Operations for 9M FY26: Rs. 235407.53 Lacs (vs. Rs. 246435.96 Lacs in 9M FY25).
  8. Other Income for 9M FY26: Rs. 346.53 Lacs (vs. Rs. 275.22 Lacs in 9M FY25).
  9. Paid-up Equity Share Capital: Rs. 5622.00 Lacs.
  10. Total Reserves i.e. Other Equity (as of 31.03.2025): Rs. 125497.94 Lacs.
  11. Agreement with LNB Renewable Energy Limited for solar power plant is not a related party transaction.
  12. Statement of Standalone Unaudited Financial Results.
  13. Company has no Subsidiary/Associate/Joint Venture as of 31st December 2025.

Corporate Overview

  1. The company's business activities constitute a single operating segment (Textiles).
  2. Execution of agreement for 33 MW(AC)/49.50 MW (DC) Solar Power Plant at Village Chamu, Distt. Jodhpur, Rajasthan.
  3. Installation of 8.05 MW (AC)/11 MW (DC) Solar Power Plant at Bhanwaria Kalan, Begun unit.
  4. Aggregate project cost for both solar power projects is estimated at Rs. 230 Crores.
  5. Projects to be financed partly from Internal Accruals & partly from Term Loans.

Risk Factors

  1. Revenue from operations declined year-on-year.
  2. Profit before tax decreased compared to prior period.
  3. Earnings per share show a slight reduction.
  4. Large capital commitment for solar projects.

Key Drivers

  1. Investing in solar power plants for energy.
  2. Strategic capex to reduce operational costs.
  3. Clean limited review report from auditors.
  4. Stable business activities in textile segment.

Auditor’s Report

  1. Limited Review Report on Unaudited Standalone Financial Results for the Quarter and Nine Months ended 31st December 2025.
  2. Auditors found nothing that causes them to believe the statement contains any material misstatement.

Board Commentary

  1. Approval for setting up 33 MW(AC)/49.50 MW (DC) Solar Power Plant at Village Chamu, Distt. Jodhpur.
  2. Approval for installation of 8.05 MW (AC)/11 MW (DC) Solar Power Plant at Bhanwaria Kalan, Begun unit.
  3. Total project cost of Rs. 230 Crores, financed by internal accruals and term loans.

Corporate Governance

  1. Financial results reviewed by Audit Committee and approved by Board of Directors.

Management Discussion & Analysis

Future Strategy

  1. Strategic investment in solar power plants for captive consumption/energy cost reduction.