Nitin Spinners Limited — Important, 27-01-2025: Capacity addition

Nitin Spinners Ltd. has approved its financial results for the quarter and nine months ended December 31, 2024. Total revenue stood at ₹246.44 crore, up from ₹220.65 crore in the same period last year. Profit before tax for the quarter was ₹5.4 crore, in contrast to a loss of ₹0.17 crore last year. The company reported a comprehensive income of ₹5.89 crore, alongside a significant capital expenditure of ₹1,100 crore for an expansion project. This is set to enhance capacity in spinning, woven fabrics, and renewable power over the next 24 months. The company also appointed M/s K G Somani & Co LLP as internal auditors. Positive outlook as the expansion aims to meet increasing demand and improve cost efficiency. Investors should watch closely as these developments unfold.