Live
- Country’s progress depends on women empowerment: Bhatti
- Aryan Khan's Debut OTT Series Stardom Set to Feature Cameos from Shah Rukh Khan, Karan Johar & More
- Voting a precious privilege, all must exercise: Tata Sons Chairman
- Lionel Messi to play international friendly match in Kerala in 2025
- J'khand records 31.37 pc voter turnout, polling officer in Deoghar removed over 'bias'
- 116 slum dwellers get house allotment letters
- Sunita Williams Feasts on Shrimp Cocktails in Space, But Fresh Food is Major Struggle
- Maxwell likely to be out of action for a month due to hamstring tear
- Pramod Tiwari accuses BJP of electoral misconduct, says INDIA Bloc will win
- Bitcoin Hits Record High Above $94,000 Amid Trump’s Possible Acquisition of Bakkt
Nandan Denim reports PAT of Rs. 63.32 crore, up 23% in FY 2015-16
Nandan Denim Limited (NDL), poised to Asia’s largest denim fabric manufacturer has reported a net profit of Rs. 63.32 crore for the FY 2015-16 as against Rs. 51.43 crore in FY 2014-15, a rise of 23%.
Financial Highlights
(Rs. Crore)
|
| Q4 | 12 Months | ||||
| FY 15-16 | FY 14-15 | Growth (%) | FY 15-16 | FY 14-15 | Growth (%) | |
| Net Profit | 16.57 | 15.37 | 8% | 63.32 | 51.43 | 23% |
| EBITDA | 48.67 | 37.94 | 28% | 195.29 | 168.48 | 16% |
| Net Sales | 294.31 | 278.31 | 6% | 1156.72 | 1096.53 | 5% |
| Basic EPS (Rs.) | 3.64 | 3.37 |
| 13.90 | 11.29 |
|
Nandan Denim Limited (NDL), poised to Asia’s largest denim fabric manufacturer has reported a net profit of Rs. 63.32 crore for the FY 2015-16 as against Rs. 51.43 crore in FY 2014-15, a rise of 23%. Net sales for FY 2015-16 at Rs. 1,156.72 crore were higher by 5% over previous fiscal’s net sales of Rs. 1,096.53 crore. Company reported healthy EBITDA and PAT margin in FY 16 at 16.9% and 5.5% respectively. Basic EPS for FY 16 stood at Rs. 13.90 (Face value of Rs. 10 per share).
For the quarter ended March 2016, company reported a net profit of Rs. 16.57 crore against a net profit of Rs. 15.37 crore in the corresponding period last year, growth of 8%. Net sales in the quarter at Rs. 294.31 crore were higher by 6% compared to Rs. 278.31 crore in the same period in previous fiscal. For the quarter, EBITDA margin stood at 16.5% and PAT margin at 5.6%.
The Board of Directors declared 16% interim dividend for the year 2015-16.
The company had made a preferential placement of 25,00,000 convertible warrants at a conversion price of Rs. 200 each. The entire money of Rs. 50 crore has been received and equivalent numbers of equity shares have been allotment to the investor.
Deepak Chiripal, CEO, Nandan Denim Limited said, “Our financial performance validates that we are taking right steps in the right direction. With the type of tighter operating controls, prudent raw material sourcing and growing capacity utilisation that we have apart from concentrated efforts in moving up in the product segment, we are able to fetch superior financial returns for the investments. We are confident that post completion of the expansion plans, the company, with much larger production capacities and product baskets would be optimally placed in competitive market to cater to the larger demand arising from India and overseas markets.”
