Nandan Denim’s Q3 FY25 reports decline in profit despite 100% rise in net sales

Nandan Denim Limited on Tuesday reported a 100.39% rise in its Q3 FY25 net sales at Rs 926.15 crore, up from the corresponding period’s Rs 462.18 crore. The denim company’s net profit, however, declined 17.3% to Rs 6.58 crore from the corresponding year’s Rs 7.96 crore. 

Share prices for the company fell by 5.23% on Tuesday over Monday’s close or Rs 4.21, closing at Rs 3.99. 

Also ReadZepto moves base to India ahead of IPO

Earnings before interest, depreciation and amortisation (EBITDA) for Nandan dropped 8.42% to Rs 30.87 crore from the previous year’s Rs 33.71 crore. Its EPS decreased to Rs 0.05 from the previous year’s Rs 0.55.

Also Read Adani Total Gas Q3 Results: Profit declines by 19.40% to Rs 142.38 crore, revenue up 12.61% YoY on higher volume IndiGo Q3 Results: Profit drops by 18.32% to Rs 2448.80 crore despite strong demand for air travel, lower fuel cost Spencer’s Retail Q3 Results: Loss narrowed to Rs 47.34 crore, revenue down by 20.95% YoY DB Corp Q3 Results: Profit drops by 4.65% YoY to Rs 118.21 crore, revenue declines marginally  » Read More

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