Nandan Denim Ltd's Q2FY18 standalone net profit rises 0.18% yoy to Rs16.33cr, beats estimates

The company’s standalone revenue stood at Rs414.98cr, up 37.12% yoy but down 2.06% qoq.

Dec 12, 2017 08:12 IST India Infoline Research Team

Nandan Denim Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 414.98 37.1
EBITDA 63.66 29.7
EBITDA Margin (%) 15.3 [88]
Net Profit (adjusted) 16.33 0.2
***EBITDA margin change is bps
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Buy

Reco. Price

164.4

Last updated on

08-Dec-2017

Nandan Denim reported broadly in-line numbers for Q2FY18 on revenue and operating fronts. Revenue grew by 37.1% yoy to Rs415cr. EBITDA stood at Rs 63.7cr, up 29.7% yoy, however, EBIDTA margin declined by 88bps yoy to 15.3%. Adj. Profit was marginally up by 0.18% yoy to Rs16.33cr.

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Technical View:

Nandan Denim Ltd ended at Rs169.30, up by 5.15 points or 3.14% from its previous closing of Rs164.15 on the BSE.
The scrip opened at Rs167 and touched a high and low of Rs170.70 and Rs165.40 respectively. A total of 56,549(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

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