Nandan Denim Ltd Q1FY18
Standalone Results Q1FY18: (Rs. in crore)
|EBITDA Margin (%)||14.4|||
|Net Profit (adjusted)||16.3||3.5|
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%.
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.