Nitin Spinners Posts Strong Revenue Growth Of 20% In H1 FY25
Nitin Spinners Ltd delivered a strong financial performance in Q2 and H1 FY25, reaching its highest-ever half-yearly revenue despite global market challenges. The company reported a 20% year-on-year growth in half-year revenue, reaching Rs 1,625.49 crore, with Q2 revenue alone at Rs 822.52 crore, an 11.54% increase over Q2 FY24. EBITDA rose sharply by 40.46% to Rs 115.15 crore, while profit after tax (PAT) increased by 33% to Rs 42.16 crore for the quarter.
Revenue was primarily driven by yarn, which accounted for 72.6% of total Q2 earnings, while fabrics contributed 22.6%. Export markets continued to be a key revenue segment, representing 63.5% of quarterly sales, up from 58.3% in the previous year.
Dinesh Nolkha, Chairman and Managing Director of Nitin Spinners Ltd, highlighted the company’s strategic emphasis on value-added products and operational efficiencies. With cotton prices currently favourable, he expressed optimism for growth in the upcoming quarters as Nitin Spinners explores new opportunities in the sector.
