Nitin Spinners Delivers Quarterly Performance, Declares Dividend

Image Source : nitinspinners.com

Nitin Spinners Ltd has reported solid financial results for the March quarter, reflecting steady growth in its operations. The company posted revenue from operations of 8.41 billion rupees, supported by strong demand and efficient production. Net profit from continuing operations stood at 463.7 million rupees, reinforcing its financial stability. Additionally, the board has declared a dividend of 3 rupees per share, rewarding shareholders for the company’s consistent performance.

Quarterly Highlights:
- Revenue from operations reached 8.41 billion rupees, showcasing stable business momentum.
- Net profit from continuing operations was recorded at 463.7 million rupees, indicating strong earnings growth.
- The company has announced a dividend of 3 rupees per share, reflecting its commitment to shareholder returns.
- Operational efficiencies and favorable market conditions contributed to the company’s positive financial performance.
- Analysts anticipate continued growth, driven by strategic investments and sustained demand in the textile sector.

Sources:
Moneycontrol, Economic Times, Business Standard, Nitin Spinners Press Release.