Home / Knowledge / News / Results/Reports / 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

Courtesy: Prime Minister's Office, UK

Textiles | On 15th Nov 2018

British PM May secures cabinet support on Brexit

The British cabinet on 14 November backed a draft withdrawal...

India expands paperless processing of export documents

Apparel/Garments | On 15th Nov 2018

India expands paperless processing of export documents

To improve ease of conducting business and promote paperless...

Pak textile mills assured of ECC decision implementation

Textiles | On 15th Nov 2018

Pak textile mills assured of ECC decision implementation

The Pakistani prime minister’s advisor for commerce, textile,...

Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

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

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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