In an interview to CNBC-TV18, Dinesh Nolkha, MD of Nitin Spinners spoke about the results and his outlook for the company.
Increase in revenue was due to capacity expansion, said Nolkha.
He further said that net profit has been flat due to higher depreciation and higher tax.
Nolkha expects revenue growth of 20 percent for FY18.
According to him, yarn contributes 82 percent of revenue and rest is contributed by knitted yarn fabrics.
Watch accompanying video for more details.
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