Nitin Spinners announced that the 32nd Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live News

The Board of Nitin Spinners at its meeting held on 22 July 2024 has approved the following :1. Designation of Dinesh Nolkha (DIN : 00054658) is changed from Managing Director to Chairman and Managing Director with effect from 01 October 2024 for remaining tenure in the current appointment up to 30 September 2027.2. Appointed Nitin Nolakha (DIN : 00054707) as Managing Director of the company for 5 (Five) years with effect from 01 October 2024. 3. Appointed Pratyush Nolakha (DIN : 10704970) as an Additional Director (Executive) on Board of the Company with effect from 22 July 2024. 5. Appointed Vibha Aren (DIN :07028020) as an Additional Director (lndependent) on Board of the Company with effect from 22 July 2024. Powered by Capital Market - Live News

Net profit of Nitin Spinners rose 45.74% to Rs 42.12 crore in the quarter ended June 2024 as against Rs 28.90 crore during the previous quarter ended June 2023. Sales rose 30.12% to Rs 802.97 crore in the quarter ended June 2024 as against Rs 617.12 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales802.97617.12 30 OPM %14.8012.33 - PBDT93.6461.99 51 PBT56.9338.96 46 NP42.1228.90 46 Powered by Capital Market - Live News

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 22 July 2024.Powered by Capital Market - Live News

Net profit of Nitin Spinners rose 1.63% to Rs 39.17 crore in the quarter ended March 2024 as against Rs 38.54 crore during the previous quarter ended March 2023. Sales rose 22.28% to Rs 800.71 crore in the quarter ended March 2024 as against Rs 654.80 crore during the previous quarter ended March 2023.For the full year,net profit declined 20.20% to Rs 131.52 crore in the year ended March 2024 as against Rs 164.81 crore during the previous year ended March 2023. Sales rose 20.73% to Rs 2905.65 crore in the year ended March 2024 as against Rs 2406.71 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales800.71654.80 22 2905.652406.71 21 OPM %14.5210.84 -12.9812.34 - PBDT89.0262.04 43 296.00262.68 13 PBT52.7740.74 30 177.53175.87 1 NP39.1738.54 2 131.52164.81 -20 Powered by Capital Market - Live News