Nandan Denim net sales up 41% in Q1FY18

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). 

"Overall performance during the quarter was satisfactory in spite of rollout of GST. The company has successfully completed the capacity expansion plan and expects to get the full realisation and synergies of the expansion in the current financial year. Post expansion, Nandan Denim has become India’s largest denim fabric manufacturer with installed capacity of 110 million metre per annum. Spinning capacity is increased to 141 tons per day and in addition, company has created yarn dyed shirting capacity of 10 MMPA," Deepak Chiripal, CEO, Nandan Denim said.

ALCHEMPro News Desk – India