City-based denim maker, Nandan Denim Ltd (NDL), posted a net profit of Rs 16.3 crore for the second quarter ended September 2016 as against Rs 15.61 crore in the corresponding quarter a year ago, showing a rise of 4.42 per cent.
The company's net sales stood at Rs 303 crore as against Rs 295 crore in the same quarter last year, up 2.75 per cent on year-on-year basis.
The company reported EBITDA margins of 16.23 per cent and PAT margin of 5.38 per cent. EPS for the second quarter of fiscal 2017 stood at Rs 3.39 for a face value of Rs 10 per share.
Deepak Chiripal, CEO, Nandan Denim said, “We have maintained our growth impetus during the quarter. We will keep striving to capitalise on new opportunities, thus delivering value to our stakeholders.”
For the six-month period, NDL reported net profit of Rs 32.27 crore, up close to 4 per cent from Rs 31.11 crore in the corresponding period last year. Net sales in the first-half stood at Rs 603.12 crore, higher by 5 per cent as against Rs 575 crore in the corresponding period last year.
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