Nandan Denim Q1FY18 standalone net profit rises 3.5% yoy

Aug 14, 2017 04:08 IST India Infoline Research Team

Nandan Denim Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 423.6 41
EBITDA 61.1 26.1
EBITDA Margin (%) 14.4 [171]
Net Profit (adjusted) 16.3 3.5
***EBITDA margin change is bps


Reco. Price


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Nandan Denim's standalone revenue for the quarter came in at Rs. 423.6 crore, registering 41% yoy increase.

EBITDA for the quarter rose by 26.1% yoy to Rs. 61.1 crore with a corresponding margin contraction of 171 bps. EBITDA margin for the quarter stood at 14.4%. This margin contraction was led by increase in cost of materials consumed by 77.4% yoy and employee benefits expense by 38.9% yoy.

The PAT for the quarter came in at Rs. 16.3 crore, yoy increase of 3.5%.

Technical View:

Nandan Denim Ltd is currently trading at Rs. 130.45, down by 3.8 points or 2.83% from its previous closing of Rs. 134.25 on the BSE.
The scrip opened at Rs. 136 and has touched a high and low of Rs. 142 and Rs. 130 respectively. So far 1,99,193(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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