Analysts/Institutional Investor Meet/Con. Call Updates

a Tested for hormful substonces occording lo Oeko_Texo Siondord 100 REF: NSL/SG 12026-271 Date:06.L7.2026 National Stock Exchange of lndia Ltd. BSE Ltd. PhirozeJeejeebhoY Towers Exchange Plaza, C-L, Block G, BandraKurla ComPlex, Dalal Street Mumbai- 400 001 Bandra (E), Mumbai- 400 051. Company Code - 532698 Company lD - NITINSPIN Dear Sir/Madam, pursuant to regulations 30 of SEBI (Listing obligations and Disclosure Requirements) Regulations,2o!5, please find attached transcript of the company's Analyst/ investor call f,eiO on Novefiber, 02,2026 on operational and Financial Performance of the company for the euarter and Half year ended 30th September,2026. The same is also available on the website of the Company i.e. www.nitinspinners'com' Thanking you, Yours faithfully, For- Nitin SPinners Ltd. (Sudhir Garg) Company Secretary & VP (Legal) M.No. ACS 9684 t{]JJ,'5'-1"?t#htn?t??!l,phirwara ,,.?|1.; R'reEsrd.'r orrice & prant : (Raj') 311 025 2Boiro totts, e-mjit : nsl@nitinspinners'com, Website : www.nitinspinners'com SUPIMA USTERIZED. WORLD'S FINEST COTTONS “Nitin Spinners Limited Q2 FY27 Post Results Conference Call” November 02, 2026 “E&OE - This transcript is edited for factual errors and readability. In case of discrepancy, the audio recordings uploaded on the stock exchange on 02/11/2026 will prevail.” MANAGEMENT: MR. DINESH NOLKHA – CHAIRMAN AND MANAGING DIRECTOR – NITIN SPINNERS LIMITED MR. P. MAHESHWARI – CHIEF FINANCIAL OFFICER – NITIN SPINNERS LIMITED MODERATOR: MR. AWANISH CHANDRA –SMIFS LIMITED Page 1 of 15 Nitin Spinners Limited November 02, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Nitin Spinners Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Awanish Chandra from SMIFS Limited. Thank you, and over to you, sir. Awanish Chandra: Thanks a lot, Huda, and thank you very much, everyone, for joining this call. On behalf of SMIFS Limited, I welcome you all to Second Quarter, First Half Financial Year FY27 Earnings Conference Call of Nitin Spinners Limited. We are pleased to host the top management of the company. Today, we have with us Mr. Dinesh Nolkha, Chairman and Managing Director of the company; and Mr. P. Maheshwari, Chief Financial Officer of the company. We will start the call with initial commentary on the results, and then we will open the floor for question-and-answer. Now, I will hand over the call to Mr. P. Maheshwari, CFO of the company. Over to you, Maheshwari, sir. P. Maheshwari: Thank you, Awanish ji. Good evening, and a warm welcome to all the participants to this Q2 and H1FY27 earnings call of Nitin Spinners. I hope you have had a chance to go through the financial results and the investor presentation available on our website and the stock exchanges. I will start with a brief overview on operational and financial performance for the quarter. Post that, our CMD, Mr. Dinesh Nolkha, will give you an overview of industry and business scenario. Coming to our Q2 FY27 financial and operational performance. Q2 FY27 has been another strong all-around quarter for the company. Total revenue for the quarter stood at INR985.2 crores as against INR760.1 crores in Q2 FY26. That is a growth of 29.6% year-on-year. This is our highest ever quarterly revenue, third time in a row, driven by higher yarn realization, stable demand scenario and higher sales volume in fabric business. EBITDA for the quarter stood at INR175.5 crores as against INR99.6 crores, that is a growth of 76.3% Y-o-Y, driven by better realisation, optimum capacity utilization and ongoing going cost saving initiatives. EBITDA margin stood at 17.8% as against 13.1% in Q2 FY26, that is an expansion of 471 basis points and was sustained at the Q1 FY27 level of 17.78%. Profit after tax is at INR88.7 crores as against INR34.8 crores, that is a growth of 155% Y-o- Y. EPS for the quarter stood at INR15.77 per share and cash EPS at INR22.57 per share. In terms of geographical split of revenue, exports contributed about 68% and domestic 32% of the revenue. In Q2 FY27, the spinning capacity utilization was over 98% and woven fabric capacity utilization was about 90%. Page 2 of 15 Nitin Spinners Limited November 02, 2026 Now coming to H1FY27 financial and operational performance. For H1 FY27, total revenue stood at INR1,860.20 crores as against INR1,553.4 crores, that is a growth of 19.8%. EBITDA stood at INR331 crores as against INR210.8 crores, that is a growth of 57%. With EBITDA margin improving by 423 basis points. PAT stood at INR163.9 crores as against INR75.8 crores, that is a growth of 116.4%. EPS for half year is INR29.16 and cash EPS INR42.65 per share. Regarding capex, we are pleased to inform that partial trials have commenced in all the segments of the expansion projects. Commercial production in all the divisions is expected to commence by the end of December '26 as planned. On renewable project investments, are progressing per schedule and expected to get operational by end of December '26. This will take our renewable energy capacity from 41 megawatt to about 95 megawatt and meeting about 50% to 55% of power needs post expansion. That is all from my side. I would now request Shri. Dinesh ji to share his insights about the industry and business scenario. Thank you, and over to Dinesh ji. Dinesh Nolkha: Thank you, Maheshwari ji. Good evening, everyone. The first half of financial year '27 has been favorable for the Indian textile industry, particularly for upstream players. Yarn demand stayed healthy with steady buying from major importing countries as well as domestic players, amid stable tariff environment. Cotton prices remained firm during the quarter. Domestic prices moved up around INR67,000 to INR68,000 per candy, on lower arrivals and concerns, that deficient rainfall in some parts of India to lower the '26-'27 crop. The international cotton prices also firmed up to about USD0.80 per pound. The import duty exemption on cotton improved the raw material availability and is extended for the nearly half of this year. Importantly, domestic cotton prices continue to remain more or less at par with international cotton prices. This keeps the Indian yarn competitive globally and helped spinning spreads remaining healthy. Further various credit trade policy measures, will increase competitiveness of Indian textile industry over the long term, especially the free trade agreements, which is happening all around the world by India is going to help all of us in improving the competitiveness of the textile industry. In the near term, the inflationary conditions across commodities and services and liquidity strain in the downstream channels are factors which are closely to be watched. But the medium to long-term outlook for the industry remains positive. Coming to our company's performance. Q2 of this year has been a landmark quarter for the company. We achieved some key milestones together, highest ever quarterly revenue, highest ever quarterly exports and highest ever quarterly revenue for our fabric business. Also, the EBITDA margin was sustained at a reasonable level. The factors that have driven this all-round Page 3 of 15 Nitin Spinners Limited November 02, 2026 performance are better realizations, optimum asset utilization, a higher share of exports and other cost-saving initiatives taken by the company over time. As informed by Maheshwari ji, our expansion plans are going on as per schedule. Once these are commissioned and ramped up, a larger share of our yarns will be consumed in-house and will enable us to sell more value-added products and fabric as well as the yarn prod [Showing first 8,000 characters — download PDF for full document]