Home / Knowledge / News / Textiles / Denim maker Nandan Exim revenue up 26% in Apr-Sept
Denim maker Nandan Exim revenue up 26% in Apr-Sept
31
Oct '12
Nandan Exim Limited is the second largest integrated denim manufacturing industry in India said its total revenue rose 26% to Rs.354.35 crore for the half year ended September 30, 2012 compared to RS.280.37 crore in the corresponding half of previous year.

The net profit for half year increased by 14% to Rs.14.60 crore in current year as compared to Rs.12.79 crore in the corresponding period previous year. The EBIDTA increased by 21 % to Rs.54.1 0 crore compared to Rs.44.72 crore in the corresponding half of previous year.

Commenting on the results, Mr Vedprakash Chiripal, Chairman, Nandan Exim Ltd said, ''It gives me immense pleasure to state that the company has once again outperformed in the Indian Textile & Denim Industry. The company has created its own niche in the Indian market and is continuously embarking upon the opportunities in the export markets also. During HIFY13 the company had an export turnover of Rs 40 crore and has export orders on hand worth Rs. 50 crore for Q3FY13. With the best practices followed in the company the company does look forward to contribute significantly to the growth of the Indian economy."

Further elaborating on the financial performance and the expansion plans announced by the company the chairman stated that, "We are surging towards one of the leaders in the Indian denim Industry in terms of manufacturing value added products, customer satisfaction and financial performance. The company has already started progressing on the expansion plans of around Rs. 261 crore and the project progress is quite satisfactory."

Pursuing its ambitious plans of expansion, Chiripal Group laid foundations of an ultra-modern 100% cotton & blended bottomwear fabrics and the most modern & versatile denim manufacturing project called Nandan Exim Limited. Nandan Exim Limited is housed with one of the most sophisticated weaving plants and other facilities to manufacture superior quality gray cotton fabrics, khakhis and denims.

Nandan Exim Limited

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search