Small-cap textile stock Jumped up to 12 % after posting their Q3 results and reporting a turnaround, with a ₹0.75 Cr profit from a loss in the previous year.
Share Price Movement
With a market capitalization of ₹834 Crore, the stock of Nahar Spinning Mills opened at ₹221 same price as yesterday’s close, and after opening, it made an intraday high of ₹248 up 12 %.
Q3FY25 Results
The company reported a 7.13 % YoY increase in revenue from ₹758 Cr in Q3FY24 to ₹812 Cr in Q3FY25. On a QoQ basis, the company reported an increase of 4.64 % in revenue from ₹776 Cr in the previous quarter.
The company reported a profit of ₹0.75 Cr in Q3FY25 compared to a loss of ₹15.20 Cr in Q3FY24 last year. On a QoQ basis, also the company reported a loss of ₹17.45 Cr in the last quarter.
Operating Profit Margin stood at 4.97 % for Q3FY25 compared to 2.51 % for Q3FY24. Net profit margin was 0.09% compared to -2.01% for the same period.
Budget 2025: Textile Sector
In Budget 2025, the textile sector was allocated 5,272 Cr an increase of 19% from last year. To address the challenges of stagnant cotton productivity, the announcement of a 5-year cotton mission was announced to increase cotton productivity, especially extra-long staple varieties.
To promote domestic production of technical textile products such as agro-textiles, medical textiles, and geotextiles at competitive prices, two more types of shuttle-less looms were added to the list of fully exempted textile machinery.
Textile stocks shot up to 10% after the announcements were made for the sector
About the company
Nahar Spinning Mills Ltd. is an Indian textile company primarily engaged in manufacturing cotton and blended yarn, fabrics, and home textiles. Part of the Nahar Group, it operates modern spinning mills and exports its products globally, with a focus on quality and sustainable practices.
Written By Abhishek Das
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