| EBITDA Margin: guided vs achieved | 17.80% achieved Guided 16.00%–20.00%, -11.0% above the top of the range |
|---|
| Revenue growth | Revenue +29.6% YoY to ₹985.2 Cr; includes ~₹21 Cr trial-production sales. |
|---|---|
| Margins | EBITDA 17.8% (+471bps YoY, flat QoQ); mgmt targets sustaining ~18.5%. |
| Order book | Not disclosed; management declined to share order book. |
| Demand visibility | Yarn demand healthy; exports up ~40% YoY; knitting utilisation weak. |
| Management confidence | Balanced: confident on margins, flags cost pressures and slow fabric pass-through. |
Growth
Revenue ₹985.2 Cr (+29.6%), EBITDA ₹175.5 Cr (+76.3%); ~₹21 Cr trial sales included. Export +40% largely price-led.
Outlook
New capacity adds ~₹1,000 Cr revenue in FY28 (₹300–350 Cr in FY27); peak total debt ~₹1,950 Cr Mar-27.
Risks
Input-cost inflation; slow fabric pass-through; receivables up ~40% since March; knitting utilisation weak; Bangladesh wage unrest.
Last quarter's promises, checked
Delivered
- Margin 16–20% band → 17.8% (= BEAT)
- Margin 17–18% for 1–2 qtrs → 17.8% (= BEAT)
Partly delivered
- Spinning Dec-26, yarn ramp by 31-Mar-27 → expansion commercial Q3 FY27, ramp unproven (= PARTIAL)
- RE 95 MW by end-Q3 FY27, ~₹50 Cr EBITDA savings from Q4 → 41→95 MW, savings unreported (= PARTIAL)
Missed
- Fabric pass-through to improve → fabric realisations +6%, lagging (= MISS)
Earnings Call Transcript filed with NSE, NSE: NITINSPIN. Summary written with AI assistance from the document.
Nitin Spinners Ltd: key numbers
- Share price
- ₹658.80
- Market cap
- ₹3,704 Cr
- Revenue (annual)
- ₹3,214 Cr
- Net profit (annual)
- ₹177.6 Cr
- P/E (TTM)
- 13.9×Sector 33.3×
- Promoter holding
- 56.71%+0.00% QoQ
- FII holding
- 1.95%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Nitin Spinners Ltd
All →Nitin Spinners Investor Presentation: Key Takeaways
Q2 FY27 revenue Rs985.2 Cr (+29.6% YoY), EBITDA Rs175.5 Cr at 17.81% margin, PAT Rs88.7 Cr (+154.9%). Record quarter; fabric capacity ramp underway.
Nitin Spinners Q2 FY27 Results: Net Profit ₹88.7 Cr, Up 154.9% YoY
Nitin Spinners filed unaudited standalone results for the quarter and half year ended 30 September 2026, approved on 31 October 2026. Auditors gave a limited review.
- Key figure
- Net profit ₹88.7 Cr · +154.9% YoY
Nitin Spinners Board Meeting Date
Nitin Spinners intimates that its Board will meet on 31 Oct 2026. The meeting aims to approve Q1 and H1 2026-27 unaudited results.
Nitin Spinners Other Announcement
Nitin Spinners Ltd has filed its quarterly shareholding pattern statement for the period ended 30 September 2026, in compliance with SEBI Listing Regulations.
Nitin Spinners Annual General Meeting
Nitin Spinners Ltd held its 34th Annual General Meeting on September 21, 2026. Shareholders transacted ordinary and special business, including dividend approval and director re-appointments.
Nitin Spinners Other Announcement
Nitin Spinners Ltd disclosed an ESG rating of 50 ('Adequate') from ESG Risk Assessments and Insights. This is a routine ESG score disclosure with no financial impact.