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Rise in Nandan Denim’s Q1 income

Nandan Denim’s total income was Rs 464.30 crores during the period ended June 30, 2019, as compared to Rs 389.40 crores during the period ended March 31, 2019. Net profit was Rs 3.21 crores for the period ended June 30, 2019, as against Rs 4.07 crores for the period ended March 31, 2019. EPS was Rs 0.67 for the period ended June 30, 2019, as compared to Rs 0.85 for the period ended March 31, 2019.

Total income was Rs 464.30 crores during the period ended June 30, 2019, as compared to Rs 359.62 crores during the period ended June 30, 2018. Net profit was Rs 3.21 crores for the period ended June 30, 2019, as against Rs 5.23 crores for the period ended June 30, 2018. EPS was Rs 0.67 for the period ended June 30, 2019, as compared to Rs 1.09 for the period ended June 30, 2018.

Nandan Denim is India’s largest denim fabric manufacturer. From a year-on-year perspective, Nandan has completed capacity expansions at the denim fabric, shirting fabric, and yarn manufacturing units. The company’s fabric manufacturing capacity is 110 million meters per annum. Going forward, emphasis will be laid on fashion denim fabrics to target better realizations compared to regular denim material.

 
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