The fourth quarter net profit of Ahmedabad-based denim maker Nandan Denim was Rs 15 crore against a net loss of Rs 8 crore it reported in the year-ago period. The company’s revenue for the quarter rose 21 percent to Rs 372 crore, as against Rs 308 crore it reported in the corresponding period of the previous fiscal year.
During FY 2020-21, Nandan Denim’s net loss increased to Rs 19 crore as against net loss of Rs 1 crore during the previous year ended March 2020. Its revenue for the year declined by 28 percent to Rs 1,090 crore as compared to previous fiscal’s Rs 1,524 crore.
A Chiripal Group company, NDL commenced operations with textile trading in 1994. It forayed into textile manufacturing in 2004 and currently manufactures denim fabric, shirting fabric and yarn.
