Nitin Spinners Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 6,171.15 million compared to INR 7,088.32 million a year ago. Revenue was INR 6,181.25 million compared to INR 7,096.52 million a year ago.

Net income was INR 288.99 million compared to INR 655.8 million a year ago. Basic earnings per share from continuing operations was INR 5.14 compared to INR 11.66 a year ago. Diluted earnings per share from continuing operations was INR 5.14 compared to INR 11.66 a year ago.