Corporate Feature     

Published: May 31, 2024
Updated: May 31, 2024

Nandan Denim Ltd

Solid earnings for Q4FY24: PAT shoots up 880% YoY

Nandan Denim Ltd. (BSE: 532641, NSE: NDL), a leader in the denim industry, has reported solid earnings for the quarter and year ended 31 March 2024.

For the year ended 31 March 2024, the company saw a 0.82% decline in its revenue from operations, declining marginally from Rs. 2026.76 crore (FY23) to Rs. 2010.08 crore (FY24). EBITDA grew 40.67% YoY, from Rs. 84.1 crore (FY23), to Rs. 118.30 crore (FY24). EBITDA margin recorded an improvement of 174 bps, and stood at 5.89%. PAT grew by a staggering 8384.91% YoY, from Rs. 0.53 crore (FY23), to Rs. 44.97 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.