Nandan Denim PAT Jumps 64% YoY to Rs1,626.88 lakh in Q2FY25
For the half year ended 30 September 2024 (Standalone), the revenue from operations was reported at Rs1,57,187.40 lakh, up 62.25 per cent YoY
Nandan Denim profit jumps
Hyderabad: Nandan Denim Ltd, a leader in the denim industry, has announced its earnings for the quarter and half year ended 30 September 2024. For the quarter ended 30 September 2024 (Standalone), the company revenue from operations was Rs8,2025.08 lakh, up 105 per cent YoY. The EBITDA was Rs3,446.55 lakh (Q2FY25), a growth of 12 per cent YoY. PAT grew 7 per cent YoY, from Rs820 lakh (Q2FY24), to Rs877.75 lakh (Q2FY25).
For the half year ended 30 September 2024 (Standalone), the revenue from operations was reported at Rs1,57,187.40 lakh, up 62.25 per cent YoY. The EBITDA came was Rs 6,894.83 lakh (H1FY25), a growth of 43.98 per cent YoY. PAT grew 64.23 per cent YoY, from Rs990.63 lakh (H1FY24), to Rs1,626.88 lakh (H1FY25).
Earlier, the board approved and executed the Sub-division/split of Equity Shares of the Company in 1:10 ratio that is 1 share of Rs10 face value to 10 shares of Re1 face value.
For the year ended 31 March 2024, the company saw a 0.82 per cent decline in its revenue from operations, declining marginally from Rs2026.76 crore (FY23) to Rs2,010.08 crore (FY24). EBITDA grew 40.67 per cent YoY, from Rs84.1 crore (FY23), to Rs. 118.30 Cr (FY24). EBITDA margin recorded an improvement of 174 bps, and stood at 5.89 per cent. PAT grew by 8,384.91 per cent YoY, from Rs0.53 crore (FY23), to Rs44.97 crore (FY24).
A global leading denim manufacturer, Nandan Denim Limited is redefining the denim industry for more than 27 years. With a passion for fashion and design, it produces more than 2000 denim products every year. The company manufactures and supplies denim fabric, yarn/dyed yarn, cotton fabric and shirting fabric to renowned clients across the globe. Along with an extensive range of products, the company reaps the benefits of economies of scale and continue to sustain its market leadership across key products, even in the most challenging circumstances.
The Chiripal Group, incorporated in 1972, has an extensive presence across diverse business segments including petrochemicals, spinning, weaving, knitting, fabric processing, chemicals, infrastructure, packaging and educational institutions. As the Indian textile industry prepares for an unprecedented surge, textile companies are strategically positioned to harness the opportunities presented by this remarkable growth. Recent industry projections indicate that textile exports from India are set to grow, with the domestic market expected to scale up.
The anticipated growth in the textile market highlights a broader trend of increasing global demand for quality textiles, driven by the evolving needs of sectors such as healthcare, automotive, and infrastructure. As the industry aligns with global standards and adopts cutting-edge technologies, companies that are agile and forward-thinking stand to benefit immensely.
