news
Company Performance

Nandan Denim's Profit Up 24 percent In Q3

Nandan Denim Limited (NDL), poised to be among Asia's largest denim fabric manufacturers has reported a net profit of Rs. 15.65 crore for the Q3 of FY 2015-16 as against Rs. 12.63 crore in the corresponding period of 2014-15, a rise of 23.8%. Net sales for third quarter ended December 2015 at Rs. 287.37 crore were higher by 3.5% over previous fiscal's same quarter net sales of Rs. 277.60 crore.

 

The company reported healthy EBITDA and PAT margin in Q3 FY16 at 16.7% and 5.4% respectively. EPS for Q3 FY16 stood at Rs. 3.44 (Face value of Rs. 10 per share).  For the nine months ended December 2015, company reported a net profit of Rs. 46.75 crore against a net profit of Rs. 36.06 crore in the corresponding period last year, growth of 29.6%. Net sales in nine months of FY 2015-16 at Rs. 862.41 crore were higher by 5.4% compared to Rs. 818.22 crore in the same period in previous fiscal. For 9 months of FY 2015-16, EBITDA margin stood at 16.7% and PAT margin at 5.4%.

 

The Board of Directors have recommended an 8% Interim Dividend for the current Financial Year. During the quarter, pursuant to shareholders approval in the AGM and post in-principal approval granted by BSE and NSE, an application money, being 25% of the total consideration, has been received from Polus Global Fund towards 25,00,000 fully convertible warrants which shall entitle the warrant holder to acquire equivalent number of equity shares of Rs. 10/- each of the company at a conversion price of Rs. 200/- per equity share.

 

Deepak Chiripal, CEO, Nandan Denim Limited commented, "Denim, despite being a staple fabric has got negligible penetration in the Indian market as compared to economies of similar population, offering huge untapped market opportunities. Post completion of the expansion plans, Nandan Denim Ltd, with much larger production capacities and product baskets would be optimally placed in competitive position to cater to the larger demand arising from India & overseas markets." 

Textile Excellence

shanghai to host digital printing industry fair, tpf 2016 in april

sima texfair 2016 would kick-off in may

Subscribe To Textile Excellence Print Edition

If you wish to Subscribe to Textile Excellence Print Edition, kindly fill in the below form and we shall get back to you with details.