This textile stock is in focus after it reported stellar Q4 FY25 results with robust Net Profit growth of 2,833 percent. In addition, the company announced a 20 percent dividend. The stock surged by 8.65 percent.
With a market capitalisation of Rs. 1,081 Crore, the stock of Nahar Spinning Mills opened at Rs. 307, up 8.19 percent from yesterday’s close, and after opening, it made a high of Rs. 308.30, up 8.65 percent. Additionally, the Yearly return for the stock is 12 percent, and the past 5-year return is 860 percent.
Financial Highlights & Dividend Announcement
The company reported a 7.48 percent YoY increase in revenue from Rs. 815 Crore in Q4FY24 to Rs. 876 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 7.88 percent in revenue from Rs. 812 Crore in the previous quarter.
Their Net profit saw a turnaround from a loss of 0.37 Crores in Q4FY24 to a Net Profit of 22 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 2,833.33 percent in Net profit from Rs. 0.75 Crore in the previous quarter.
The significant 2,833 percent increase in net profit can be attributed primarily to the growth in revenue from Q4 FY24 to Q4 FY25, along with the impact of other income amounting to Rs. 11.26 crore recorded in Q4 FY24.
The board recommended a dividend of Rs. 1 per share, which is 20 percent of the face value of Rs. 5 per share. The dividend will be subject to approval from shareholders at the AGM.
About the Company
Established in 1980 and based in Ludhiana, Nahaar Spinning Mills specialises in producing a wide range of yarns, including compact, slub, organic cotton, polyester blends, and more, as well as knitted fabrics and finished garments such as single jersey, fleece, and interlocks. The company caters to both domestic & International markets.
Written By Abhishek Das
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