Ahmedabad, January 28, 2025 – Nandan Denim Limited (NSE: NDL, BSE: 532641) has announced its Q3 FY25 financial results, posting a significant 100% year-on-year (YoY) revenue growth and a 23% increase in net profit. The company attributes this strong performance to increased sales volume and operational efficiencies.
Key Financial Highlights – Q3 FY25
- Revenue from Operations: ₹926.15 crore, up 100% YoY from ₹462.17 crore in Q3 FY24.
- Total Income: ₹928.00 crore, up 99.8% YoY.
- EBITDA: ₹86.3 crore, compared to ₹114.0 crore in Q2 FY25.
- Net Profit (PAT): ₹65.8 crore, up 23% YoY from ₹53.5 crore.
- Earnings Per Share (EPS): ₹0.50 (₹1 face value).
- Revenue: ₹2,498.02 crore (up 74% YoY).
- Net Profit: ₹228.49 crore (up 28% YoY).
Operational & Business Updates
- Expansion of Production Capacity:
- Increased production volume in denim and non-denim textile categories.
- Continued investment in process automation and sustainability initiatives.
- Cost Control Measures:
- Inventory optimization strategies resulted in a 7% reduction in raw material costs.
- Finance costs decreased due to effective debt restructuring.
Corporate Actions & Stock Split
- Stock Split: On June 17, 2024, the Board approved the sub-division of shares from ₹10 to ₹1 per share, increasing the number of outstanding shares to 1,441.47 million equity shares.
Management Commentary
Jyotiprasad Chiripal, Managing Director, Nandan Denim Limited, stated:"Our strong revenue growth and operational improvements underscore our strategic focus on expanding market reach and optimizing costs. With sustained demand for premium denim products, we are confident in maintaining our growth momentum."