Nandan Denim reports 61% rise in PAT at Rs. 13.93 crore in Q3 FY 17-18


Net sales were up 54% (YOY) to Rs.363.41 crore in Q3 FY 18

Financial Highlights

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FY 16-17

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February 14, 2018: India’s largest denim fabric manufacturer, Nandan Denim Limited (NDL), has reported a net profit of Rs. 13.93 crore for the Q3 of FY 2017-18 as against Rs. 8.63 crore in the corresponding period of 2016-17, a rise of 61%. Net sales for third quarter ended December 2017 at Rs. 363.40 crore were higher by 54% over previous fiscal’s same quarter net sales of Rs. 235.22 crore. Company reported healthy EBITDA and PAT margin in Q3 FY17-18 at 16% and 3.83% respectively. EPS for Q3 FY 17-18 stood at Rs. 2.86 (Face value of Rs. 10 per share).  


For the nine months ended December 2017, company reported a net profit of Rs. 46.57 crore against a net profit of Rs. 41.03 crore in the corresponding period last year, growth of 14%. Net sales in nine months of FY 2017-18 at Rs. 1202.08 crore were higher by 43% compared to Rs. 838.35 crore in the same period in previous fiscal. For 9 months of FY 2017-18, EBITDA margin stood at 15.51% and PAT margin at 3.87%.


Deepak Chiripal, CEO, Nandan Denim Limited said, “We are pleased with the performance for the quarter as company is able to maintain a good balance between revenue growth and profitability while delivering greater efficiency. The benefits of optimising business post expansion are beginning to emerge. We expect to get the full realisation and synergies of the expansion plans in the next few years and we expect to see better profit margins going forward.”


Company has informed stock exchanges that Mr. Vedprakash Chiripal, Chairman, Nandan Denim Ltd. has bought 2.25 lakh shares of Nandan Denim Ltd. from open market during the quarter Oct – Dec 2017.



About Nandan Denim Ltd (

Nandan Denim Limited (NDL) is world’s fourth largest integrated denim fabric maker. Company forayed into textile manufacturing in 2004. Nandan Denim is currently engaged in manufacturing of denim fabric, yarn / dyed yarn, cotton fabrics and shirting fabric.



NDL is a part of leading conglomerate, Chiripal Group, established in 1972 and is currently diversified across several businesses like Textiles, Chemicals, Packaging, Infrastructure and Education. Headquartered in Ahmedabad, Gujarat, NDL has expanded its capacity from 6 MMPA to the present capacity of 110 MMPA. Further, Company had earmarked a capacity expansion plan to strengthen its domestic market share, expand its exports business and have an increased focus on value-added segments. Post expansion, NDL has become the largest denim manufacturer in India and the fourth largest in the world. The Company has state-of-the-art manufacturing facility unit at Ahmedabad, Gujarat and exports its denim fabric to over 28 countries. A team of 3,000 passionate & motivated individuals drive Nandan Denim Ltd.


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