Nandan Denim Ltd. (BSE: 532641, NSE: NDL), a leader in the denim industry, has announced its earnings for the quarter ended 30 June 2024. For Q1FY25, the company reported Revenue from operations at Rs. 721.62 Cr, a growth of 30% YoY. The EBITDA jumped 45% YoY, from Rs. 23.73 Cr (Q1FY24) to Rs. 34.48 Cr (Q1FY25). EBITDA margin improved by 51 bps, from 4.25% to 4.76% (Q1FY25). PAT grew a staggering 339% YoY, from Rs. 1.71 Cr (Q1FY24), to Rs. 7.49 Cr (Q1FY25).
Earlier, the board 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.
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).