Nahar Spinning Mills Ltd reported a standalone net profit of Rs 71 crore (US $7.46 million) for the second quarter ended September 30, compared with a net loss of Rs 4.64 crore (US $0.49 million) in the corresponding quarter of the previous fiscal year.
The Ludhiana-based textile manufacturer also reported a net profit of Rs 69.88 lakh (US $0.73 million) in the first quarter ended June 30, marking a 338% increase from Rs 15.96 lakh (US $0.17 million) in Q1 FY26.
Revenue from operations increased 18% year-on-year to Rs 966.10 lakh (US $1.02 million) in Q1 FY27, compared with Rs 819.28 lakh (US $0.86 million) in the corresponding quarter of the previous fiscal year. Other income rose to Rs 9.42 lakh (US $9,897) from Rs 3.68 lakh (US $3,866).
Total income stood at Rs 975.52 lakh (US $1.03 million), against Rs 822.96 lakh (US $0.86 million) in Q1 FY26. Total expenses increased 10% to Rs 882.13 lakh (US $0.93 million), compared with Rs 801.69 lakh (US $0.84 million).
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 119.34% year-on-year to Rs 1.27 crore (US $0.13 million), compared with Rs 57.9 lakh (US $60,832) in the corresponding quarter. EBITDA margin expanded to 13.16% from 7.07%.
