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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 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