Nitin Spinners Q1 FY27: PAT +84% YoY to ₹75.3 Cr, OPM 17.8% hits FY27 guide range early
PAT +83.6% YoY · revenue +10.3% · margins expanding
₹875.03 Cr
+10.3% YoY
₹75.27 Cr
+83.6% YoY
8.58%
+3.4pp YoY
₹13.39
Nitin Spinners' standalone Q1 FY27 (quarter ended 30 June 2026, unaudited, limited-reviewed) print is a clean beat on margins: PAT of ₹75.27 Cr is up 83.6% YoY (₹40.99 Cr in Q1 FY26) and 31.2% QoQ (₹57.36 Cr in Q4 FY26), on revenue from operations of ₹875.03 Cr, up a more modest 10.3% YoY and 1.8% QoQ. There are no exceptional items in either the current or comparable periods, so the YoY PAT growth is entirely operating-driven — no adjustment is needed. The gap between revenue growth (+10.3%) and profit growth (+83.6%) is explained by margin expansion: OPM (EBITDA margin) rose to ~17.8% from 14.0% a year ago and 15.2% last quarter, while NPM improved to 8.6% from 5.2% YoY. This lands the company inside — even toward the upper half of — the 16-20% normalized EBITDA margin range management guided for FY27 on the back of improved yarn spreads (then cited at ₹120-125/kg) and operational efficiencies, so the print confirms rather than merely tracks toward that guidance, arriving there in the very first quarter of the year. No formal street/consensus estimate specific to this quarter's PAT could be found; the closest available reference is Trendlyne's FY27 full-year consensus profit-growth estimate of ~39% (4 analysts), which this quarter's +83.6% YoY pace runs well ahead of, so vsStreet is left unknown rather than inferred. No company press release accompanying the numbers was available to cross-check management's own framing of the quarter.
Q1 FY-2027 vs prior quarters
The only other board action this quarter was the re-appointment of Sh. Rohit Swadheen Mehta as a Non-Executive Independent Director for a second five-year term (30.12.2026 to 29.12.2031) — a governance item unconnected to the financial print. The ~₹1,100 Cr capex management flagged last call (expected to commercialize in H2 FY27 and add over ₹1,000 Cr revenue by FY28) and the renewable-energy investments guided to save ~₹50 Cr annually are not referenced in this results statement, so their progress remains unconfirmed heading into subsequent quarters.
The stock went into the print at ₹577.4, up 5.2% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters; PAT has now risen for 3 consecutive quarters; revenue is at a 6-quarter high.
What the summary numbers don't show
Basic EPS ₹13.39 vs ₹7.29 YoY (+83.7%) and ₹10.20 QoQ
No exceptional items in current or comparable periods — effective tax rate ~25.5% of PBT
Management guides for a return to a normalized EBITDA margin range of 16-20% in FY27, driven by improved yarn spreads (currently INR 120-125/kg) and operational efficiencies. The ongoing ~INR 1100 crore capex, set to commercialize in H2 FY27, is expected to add over INR 1000 crores in revenue by FY28, with a focus on h
— This quarter: beat
W1
Whether OPM holds at/above the 16-20% FY27 guided band through the rest of the year as yarn spreads move off the cited ₹120-125/kg base
W2
Commercialization progress on the ~₹1,100 Cr capex slated for H2 FY27, guided to add over ₹1,000 Cr revenue by FY28
W3
Realization of the ~₹50 Cr annual cost savings guided from renewable-energy investments
Only a standalone statement is filed (no consolidated section, consistent with a single-segment textile business). No exceptional items in either period. Tax = current tax + deferred tax (no earlier-year tax this quarter). Figures converted from Rs. Lacs to Rs. Crore (÷100). Prior-quarter and year-ago figures on the statement tie out exactly to our stored comparison data, confirming correct column-lock.
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