Home / Companies / Results / Nandan Denim net proft surges 546% to Rs 20 cr in December quarter

Nandan Denim net proft surges 546% to Rs 20 cr in December quarter

Revenue from operations grew by 87.15% to Rs 583.17 crore for Q3FY22

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One of the leading manufacturers of denim, Nandan Denim Limited has an installed capacity of 110 million metres per annum.

Vinay Umarji Ahmedabad

2 min read Last Updated : Feb 12 2022 | 2:55 PM IST

Despite high raw material costs and headwinds of the Covid-19 pandemic, Nandan Denim Ltd (NDL) has registered a 546% jump in its net profit to Rs 20 crore in the third quarter ended December 31, 2021. The company's net profit for the third quarter ended December 31, 2020 of the previous year was Rs 3.05 crore.

Profit after tax (PAT) margins for Q3FY22 stood at 3.38% as against 0.98% in Q3FY21, which NDL attributed to an increase in operating margins coupled with decline in depreciation.

Revenue from operations grew by 87.15% to Rs 583.17 crore for Q3FY22, as against Rs 311.61 crore

Topics : Nandan Denim Q3 results Denim industry

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