November 23, 2024 01:09 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Nandan Denim reports PAT of Rs.15.97 crore

Nandan Denim reports PAT of Rs.15.97 crore

| | 10 Aug 2016, 07:41 pm
Mumbai, Aug 10 (IBNS): Denim fabric manufacturer Nandan Denim Limited (NDL) has reported a net profit of Rs.15.97 crore for the Q1 FY17 as against Rs.15.50 crore in Q1 FY16, a rise of 3%.

Profits before tax rose from Rs 19.84 Crore to Rs 23.46 Crore, registering growth of 18%.

Net sales for the period were at Rs.300.39 crore higher by 7% over corresponding net sales of Rs. 280.51 crore.

The company reported healthy EBITDA and PAT margin in Q1 FY17 at 16.2% and 5.3% respectively.

Deepak Chiripal, CEO, Nandan Denim Limited said, “The part of the project that we have commissioned partially has started yielding positive results even while the prices of inputs had been quite volatile."

"We are already in the process of accomplishing the remaining part of our project and once the same is streamlined, we expect that the Company, with much larger production capacities and product baskets would be optimally placed in competitive market to cater to the larger demand arising from India and overseas markets while securing best of the profitability potential,” said he.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.