Nahar Spinning Mills posts profit, plans modernization after strong 2024-25

Nahar Spinning Mills Limited's annual report for 2024-25 reveals a total income from operations of Rs. 3318.91 crores, an increase of 8.26% over the previous year. The company reported a net profit of Rs. 12.35 crores, a notable turnaround from a loss in the previous year. This improvement was driven by a substantial increase in EBITDA to Rs. 195.79 crores from Rs. 99.11 crores. The board has recommended a dividend of Rs. 1.00 per equity share of Rs. 5/- each (20%).

The company is undertaking a modernization plan for its spinning units with a capital outlay of Rs. 325 crores, including an 11 MW solar PV system with an outlay of Rs. 25 crores. This initiative is expected to enhance quality, operational efficiencies, and expand exports. Nahar Spinning Mills also reported an increase in solar power capacity by 5.81 MW, contributing to 34% of its energy usage from renewable sources.