Home / Knowledge / News / Textiles / Nandan Denim net profit up at ₹7.93 crore in Q2 FY19

Nandan Denim net profit up at ₹7.93 crore in Q2 FY19

09
Nov '18
Courtesy: Digital Buggu from Pexels
Courtesy: Digital Buggu from Pexels
Nandan Denim Ltd (NDL), India’s largest and world’s fourth largest integrated denim fabric maker, has reported a net profit of ₹7.93 crore for the quarter ended September 2018 as against net profit of ₹5.24 crore in the first quarter of 2018-19. Net sales for Q2 FY19 were at ₹370.55 crore, up 4 per cent over net sales of ₹357.06 crore in the first quarter.

The company reported healthy EBITDA and PAT margin in Q2 FY19 at 10.34 per cent and 2.14 per cent respectively. EPS for Q2 FY19 stood at ₹1.65 (Face value of ₹10 per share). 

For the six months ended September 2018, NDL’s net profit was ₹13.16 crore, while net sales were ₹727.61 crore. For H1 FY 2018-19, EBITDA margin stood at 12.03 per cent and PAT margin at 1.81 per cent.

“Company’s bottom line improved following approval of tax incentive by Gujarat government under the state’s Textile Policy. The interest subsidy benefit has not only improved but also resulted in better liquidity conditions for the company. We look at higher capacity utilisation in the coming period due to expected revival in demand of denim and believe that our margins will improve in the near to medium term,” said NDL CEO Deepak Chiripal.

A part of Ahmedabad-based industrial conglomerate Chiripal Group, NDL commenced its operations in 1994 with textile trading business and forayed into textile manufacturing in 2004. The company currently engages in manufacturing of denim fabric, shirting fabric and yarn. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

ASEAN ministers sign agreement on e-commerce

Apparel/Garments | On 17th Nov 2018

ASEAN ministers sign agreement on e-commerce

Member countries of the Association of Southeast Asian Nations...

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Interviews View All

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search