Nandan Denim Ltd. (BSE: 532641, NSE: NDL), a leader in the denim industry, has announced that it has approved Sub-division/split of Equity Shares of the Company in 1:10 ratio that is 1 share of Rs. 10 face value to 10 shares of Re.1 face value, subject to the approval of Shareholders of the Company and other statutory regulatory authorities, as may be required. In this respect, the record date for subdivision / split shall be intimated to the Stock Exchanges in due course.
Earlier, the company had announced its earnings for the quarter and year ended 31 March 2024. For the quarter ended 31 March 2024, the company reported Revenue from operations at Rs. 579.12 Cr, a growth of 26.68% YoY. The EBITDA jumped 68.69% YoY, from Rs. 23.12 Cr (Q4FY23) to Rs. 39 Cr (Q4FY24). EBITDA margin improved by 168 bps, from 5.06% to 6.73% (Q4FY24). PAT grew a staggering 881.88% YoY, from Rs. 2.76 Cr (Q4FY23), to Rs. 27.10 Cr (Q4FY24).
For the year ended 31 March 2024, the company saw a 0.82% decline in its revenue from operations, declining marginally from Rs. 2026.76 Cr (FY23) to Rs. 2010.08 Cr (FY24). EBITDA grew 40.67% YoY, from Rs. 84.1 Cr (FY23), to Rs. 118.30 Cr (FY24). EBITDA margin recorded an improvement of 174 bps, and stood at 5.89%. PAT grew by a staggering 8384.91% YoY, from Rs. 0.53 Cr (FY23), to Rs. 44.97 Cr (FY24).
A global leading denim manufacturer, Nandan Denim Limited is redefining the denim industry for more than 27 years. With a passion for fashion and design, it produces more than 2000 denim products every year. The company manufactures and supplies denim fabric, yarn/dyed yarn, cotton fabric and shirting fabric to renowned clients across the globe. Along with an extensive range of products, the company reaps the benefits of economies of scale and continue to sustain its market leadership across key products, even in the most challenging circumstances.
The Chiripal Group, incorporated in 1972, has an extensive presence across diverse business segments including petrochemicals, spinning, weaving, knitting, fabric processing, chemicals, infrastructure, packaging and educational institutions.