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Earnings Call Transcript

Nitin Spinners Earnings Call Transcript: Key Takeaways

Nitin Spinners reported its highest quarterly revenue, driven by improved yarn realizations and domestic demand, despite logistics-driven inventory buildup.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthRevenue grew 10.3% YoY to ₹875 Cr, highest ever quarterly performance.
MarginsEBITDA margins expanded to 17.78% due to improved yarn-cotton price spreads.
Demand visibilityPositive momentum supported by India-UK FTA and EU trade agreement potential.
Management confidenceBalanced; optimistic on long-term prospects but wary of global logistics challenges.

Growth

Revenue grew 10.3% YoY to ₹875 Cr; EBITDA margins improved 376 bps to 17.78%.

Outlook

Ongoing ₹1,100 Cr capex expected to add ₹200-300 Cr revenue by second half of FY27.

Risks

Logistics bottlenecks delaying exports and US tariff uncertainty affecting knitted fabric demand are key headwinds.

Last quarter's promises, checked

Delivered

  • EBITDA margin range 16-20% → delivered 17.78% (= BEAT)
  • Spinning utilization over 98% → delivered 98% (= BEAT)
  • Woven fabric utilization over 90% → delivered 92% (= BEAT)

Partly delivered

  • Renewable power savings ₹30-35 Cr for FY → delivered savings significantly (= PARTIAL)

Missed

  • Peak debt < ₹1,900-2,000 Cr → delivered ₹1,100 Cr capex ongoing (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: NITINSPIN. Summary written with AI assistance from the document.

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Nitin Spinners Ltd: key numbers

Share price
₹612.35
Market cap
₹3,443 Cr
Revenue (annual)
₹3,214 Cr
Net profit (annual)
₹177.6 Cr
P/E (TTM)
16.2×Sector 55.7×
Promoter holding
56.71%+0.00% QoQ
FII holding
1.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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