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
Textiles | On 22nd Apr 2021
The international NGO Environmental Coalition on Standards (ECOS) has ...
Apparel/Garments | On 22nd Apr 2021
Italian luxury goods company Salvatore Ferragamo has launched...
Canada-based Lululemon Athletica has announced 2 new initiatives that ...
Textile Industry Head honchos
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Indian apparel industry looks poised for slow death
Tech in fashion industry has hit acceleration button
David Guiho
Headquartered in Apt, South of France, Delta Plus designs, manufactures...
Dhirubhai & Arvind Shah
It supplies synthetic fabrics to top international brands like M&S,...
Dr. Vijaya Kumar
Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....
Ian Russell Pireta
UK-based Pireta has developed a unique free-form process to add durable,...
Jacques Prigneaux EDANA
EDANA has been the leading global association and voice of the nonwovens...
Kevin Young & Tom Lucas Web Industries
Web Industries is a precision formatter of nonwoven materials used in baby ...
Suman Nathwani Suman Nathwani
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Seema Gujral Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Niti Singhal Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to texpro@fibre2fashion.com.
Thank You!