Nandan Denim, poised to be Asia’s leading denim fabric manufacturer, has reported net sales worth Rs 423.70 crore for the first quarter of 2018, higher by 41 per cent over corresponding net sales of Rs 300.50 crore. The company’s net profit was Rs 16.31 crore as against Rs 15.98 crore in the corresponding period of previous year, a rise of 2.06 per cent.
For the first quarter of 2018, company reported healthy EBITDA and PAT margin at 14.44 per cent and 3.84 per cent respectively. EPS for Q1FY18 stood at Rs. 3.39 (Face value of Rs. 10 per share).
Nandan Denim was ranked at 198 in Fortune India’s latest ranking of The Next Fortune 500. Nandan Denim’s rank improved from 208 from the 2016 ranking. (RR)