Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Nandan Denim’s Q3 net profit up 61 per cent

Nandan Denim’s net profit for the third quarter rose 61 per cent. Net sales were higher by 54 per cent over the previous fiscal’s same quarter net sales. The company reported healthy ebitda and pat margins at 16 per cent and 3.83 per cent respectively. Earnings per share for the third quarter stood at Rs 2.86.

For the nine months ended December 2017, the company’s net profit rose 14 per cent. Net sales in the nine months were higher by 43 per cent compared to the same period in the previous fiscal. For the nine months of fiscal year 2017-18, the ebitda margin stood at 15.51 per cent and pat margin at 3.87 per cent.

The company was able to maintain a good balance between revenue growth and profitability while delivering greater efficiency. The benefits of optimising business post expansion are beginning to emerge. It expects to get the full realisation and synergies of the expansion plans in the next few years and expects to see better profit margins going forward. Nandan Denim is India’s largest denim fabric manufacturer. From a year-on-year perspective, Nandan has completed capacity expansions at the denim fabric, shirting fabric, and yarn manufacturing units.