Introduction:
Leading textile company reported a strong recovery in Q3 FY25, posting a net profit of ₹75.5 lakh, reversing previous losses. Revenue from operations increased by 4.64%, while total income rose by 2.79%, indicating improved financial performance and market resilience.
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Share price movement of Nahar Spinning Mills:
On February 4, 2025, Nahar Spinning Mills Ltd opened at ₹221.00, down 0.27% from its previous close of ₹221.40. The stock reached a high of ₹248.00 (7.38%) and a low of ₹221.00. By 10:21 AM, it traded at ₹237.75, a 7.38% increase, with a market cap of ₹857.45 crore.
Nahar Spinning Mills Reports Strong Turnaround:
Nahar Spinning Mills Limited reported a strong turnaround in Q3 FY25, posting a net profit of ₹75.5 lakh, a significant recovery from the ₹17.5 crore loss in Q2 FY25, indicating improved financial performance and operational resilience.
Revenue from operations grew by 4.64%, increasing from ₹775.9 crore in Q2 FY25 to ₹812.1 crore in Q3 FY25. This positive growth highlights the company’s resilience and operational effectiveness in a challenging market environment.
Total income rose by 2.79% to ₹815.6 crore in Q3 FY25, up from ₹793.5 crore in Q2 FY25, signaling robust performance and a favorable demand outlook for Nahar Spinning in the textile sector.
Ace investor holding in Nahar Spinning Mills:
Anil Kumar Goel
Anil Kumar Goel holds a 5.12% stake in Nahar Spinning Mills Ltd, with 1,845,000 shares valued at ₹43.7 crore. His significant shareholding highlights his confidence in the company’s performance and growth prospects.
Seema Goel
Seema Goel holds a 1.87% stake in Nahar Spinning Mills Ltd, with 675,000 shares valued at ₹16.0 crore. Her ownership reflects a notable investment in the company, showcasing her belief in its growth potential.
Stock performance of Nahar Spinning Mills for Period of 1 week, 6 months and 1 year:
Nahar Spinning Mills Ltd has experienced a 5.06% gain over the past week. However, the stock has faced challenges with a 34.6% decline over the last six months and a 30.6% drop over the past year.
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Shareholding pattern of Nahar Spinning Mills:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 67.10% | 67.10% | 67.10% |
| FII | 0.10% | 0.10% | 0% |
| DII | 0.70% | 0.70% | 0.60% |
| Public | 32.10% | 32.10% | 32.20% |
About Nahar Spinning Mills:
Nahar Spinning Mills Ltd (NSE: NAHARSPING), established in 1980, is a leading manufacturer of cotton and blended yarns, as well as hosiery knitwear. A part of the Nahar Group, it is one of the largest cotton yarn producers and knitted garment exporters.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
