Integrated Filing — IndAS



General information about company
Scrip Code 532698
NSE Symbol NITINSPIN
MSEI Symbol NOTLISTED
ISIN INE229H01012
Name of company NITIN SPINNERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 13-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment TEXTILE
Start date and time of board meeting 13-May-2025   12:30:00
End date and time of board meeting 13-May-2025   14:55:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-11-07
Indicate Company website link for updated RPT policy of the Company https://nitinspinners.com/wp-content/uploads/2024/12/Related-Party-Transaction-Policy.pdf.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
THERE IS NO DEFAULT n



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 8412946000 33056542000
Other income 8444000 35966000
Total income 8421390000 33092508000
2 Expenses
(a) Cost of materials consumed 5111098000 20880034000
(b) Purchases of stock-in-trade 25000 8847000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 277731000 133743000
(d) Employee benefit expense 515513000 2005589000
(e) Finance costs 213820000 903808000
(f) Depreciation, depletion and amortisation expense 366197000 1476955000
(f) Other Expenses
1 POWER & FUEL 712471000 2810164000
2 OTHER EXPENSES 592875000 2503977000
Total other expenses 1305346000 5314141000
Total expenses 7789730000 30723117000
3 Total profit before exceptional items and tax 631660000 2369391000
4 Exceptional items 0 0
5 Total profit before tax 631660000 2369391000
6 Tax expense
7 Current tax 150465000 549715000
8 Deferred tax 17505000 65413000
9 Total tax expenses 167970000 615128000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 463690000 1754263000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 463690000 1754263000
17 Other comprehensive income net of taxes 32709000 35000000
18 Total Comprehensive Income for the period 496399000 1789263000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 562200000 562200000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 12549794000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 8.25 31.2
Diluted earnings (loss) per share from continuing operations 8.25 31.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 8.25 31.2
Diluted earnings (loss) per share from continuing and discontinued operations 8.25 31.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) The company's business activities falls within a single operating segment (Textiles), in terms of Indian Accounting Standard - 108. nThe figures of the quarter ended 31.03.2025 and 31.03.2024 represent the balance between audited figures in respect of full financial year and those published till the third quarter of the respective Financial Years. nThe previous period figures have been regrouped / reclassified, wherever necessary, to confirm with the current period presentation. nThe Board has recommended dividend @ 30.00% i.e. Rs.3.00 per share for the Financial Year 2024-25, subject to approval of Shareholders. nThe above financial results have been reviewed by the Audit Committee & approved by the Board of Directors of the Company at their meeting held on 13th May, 2025.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 15769380000
Capital work-in-progress 66397000
Investment property 0
Goodwill 0
Other intangible assets 3882000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 0
Deferred tax assets (net)
Other non-current assets 232072000
Total non-current assets 16071731000
2 Current assets
Inventories 6073798000
Current financial asset
Current investments 0
Trade receivables, current 4296001000
Cash and cash equivalents 70760000
Bank balance other than cash and cash equivalents 24366000
Loans, current 0
Other current financial assets 27999000
Total current financial assets 4419126000
Current tax assets (net)
Other current assets 758542000
Total current assets 11251466000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 27323197000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 562200000
Other equity 12549794000
Total equity attributable to owners of parent 13111994000
Non controlling interest
Total equity 13111994000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6366967000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 6366967000
Provisions, non-current 77151000
Deferred tax liabilities (net) 1200926000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 7645044000
Current liabilities
Current financial liabilities
Borrowings, current 5280151000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 892416000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 892416000
Other current financial liabilities 223380000
Total current financial liabilities 6395947000
Other current liabilities 72110000
Provisions, current 58761000
Current tax liabilities (Net) 39341000
Deferred government grants, Current 0
Total current liabilities 6566159000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 14211203000
Total equity and liabilites 27323197000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of Defined Benefit Plans -1643000 20524000
Total Amount of items that will not be reclassified to profit and loss -1643000 20524000
2 Income tax relating to items that will not be reclassified to profit or loss -414000 5165000
3 Amount of items that will be reclassified to profit and loss
1 CHANGE IN FAIR VALUE OF EFFECTIVE PORTION OF CASH FLOW HEDGE 45352000 26247000
Total Amount of items that will be reclassified to profit and loss 45352000 26247000
4 Income tax relating to items that will be reclassified to profit or loss 11414000 6606000
5 Total Other comprehensive income 32709000 35000000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2369391000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 903808000
Adjustments for decrease (increase) in inventories -434082000
Adjustments for decrease (increase) in trade receivables, current -1082162000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 249388000
Adjustments for decrease (increase) in other non-current assets -33442000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -2566000
Adjustments for other bank balances -20975000
Adjustments for increase (decrease) in trade payables, current 152274000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -15453000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1476955000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 24099000
Adjustments for provisions, non-current 13835000
Adjustments for other financial liabilities, current -20169000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -101000
Other adjustments for non-cash items 20524000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1231933000
Net cash flows from (used in) operations 3601324000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 527063000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 3074261000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 1281000
Purchase of property, plant and equipment 162303000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 54815000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -215837000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 1743969000
Payments of lease liabilities 0
Dividends paid 140550000
Interest paid 903808000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -2788327000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 70097000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 70097000
Cash and cash equivalents cash flow statement at beginning of period 663000
Cash and cash equivalents cash flow statement at end of period 70760000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 KALANI & CO LLP Yes 31-Mar-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 NITIN SPINNERS LIMITED SHRI DINESH NOLKHA Chairman & Managing Director Remuneration 28100000 YES 28100000 0 0
2 NITIN SPINNERS LIMITED SHRI NITIN NOLKHA Managing Director Remuneration 27086000 YES 27086000 0 0
3 NITIN SPINNERS LIMITED SHRI PRATYUSH NOLKHA Executive Director Remuneration 1344000 YES 1344000 0 0
4 NITIN SPINNERS LIMITED SHRI PURUSHOTTAM MAHESHWARI CFO Remuneration NA 2458000 0 0
5 NITIN SPINNERS LIMITED SHRI SUDHIR GARG Company Secretary Remuneration NA 1691000 0 0
6 NITIN SPINNERS LIMITED SHRI ROHIT SWADHEEN MEHTA Independent Director Any other transaction SITTING FESS NA 150000 0 0
7 NITIN SPINNERS LIMITED SHRI RISHABH CHAND LODHA Independent Director Any other transaction SITTING FESS NA 175000 0 0
8 NITIN SPINNERS LIMITED SMT. VIBHA AREN Independent Director Any other transaction SITTING FESS NA 175000 0 0
9 NITIN SPINNERS LIMITED Nitin Spinners Employees Gratuity Trust Fund Associate Entity Any other transaction FOR PAYMENT OF GRATUITY EMPLOYEES OF THE COMPANY NA 5341000 0 0
10 NITIN SPINNERS LIMITED Shri Sojiram Ratan lal Nolakha Charitable Trust Associate Entity Any other transaction FOR PAYMENT OF CSR PROJECT 100000000 YES 11145000 0 0
Total value of transaction during the reporting period 77665000