Nitin Spinners recorded a mixed quarter where their total income was up 19 per cent at Rs 190.5 crores versus Rs 160 crores in the same quarter last fiscal. But other income was lower at Rs 0.02 crores compared to Rs 1.18 crores YoY. Finance costs too were up 55 per cent at Rs 8.7 crore versus Rs 5.6 crore YoY. The margins for the quarter were at 18.5 per cent.

The company’s managing director Dinesh Nolkha is confident of a 26-27 per cent topline for FY16 and maintaining EBITDA margins around 18.5 per cent. For FY17, the company has plans to increase capacities which would come on stream by year-end, according to Nolkha. The company’s exports too are doing well and are expected to do better going forward.

Nitin Spinners manufactures cotton yarn and also has fabric manufacturing for knits. Their 80 per cent of the revenues is generated from yarn and 20 per cent from knits. Its 65 per cent of revenues are from exports.