Nandan Exim net up 26% in Q1

Nandan Exim Ltd, the country’s second largest integrated denim manufacturer, has reported an increase of 26 per cent in net profit and 32 per cent in revenues in the first quarter ended June 30 compared with the corresponding period in the last fiscal. While the revenues were Rs 174 crore (Rs 131 crore), PAT stood at Rs 6.55 crore (Rs 5.19 crore), according to a press release here. The company has declared a 10 per cent final dividend for 2011-12. On Friday, the company’s share on the BSE closed 0.56 per cent down at Rs 26.50.