August 13, 2026: Nandan Denim Limited reported a mixed operating performance for the quarter ended June 30, 2026, with revenue declining year-on-year while net profit increased sharply.
Author: Aadarsh Patel | EQMint
The company’s Board approved the unaudited Q1 FY27 results on August 12, 2026. Nandan Denim operates in a single reportable segment, Textiles.
Revenue falls 41%, PAT rises 32%
Revenue from operations stood at ₹622.39 crore in Q1 FY27, compared with ₹1,047.68 crore in Q1 FY26, a decline of around 41%.
Total income came in at ₹624.82 crore, compared with ₹1,049.21 crore in the year-ago quarter.
Despite the lower revenue, profit after tax rose to ₹14.80 crore from ₹11.20 crore, marking an increase of around 32% YoY. Profit before tax stood at ₹10.32 crore, compared with ₹14.82 crore in Q1 FY26.
Q1 FY27 key numbers
| Particulars | Q1 FY27 | Q1 FY26 | YoY |
|---|---|---|---|
| Revenue from Operations | ₹622.39 Cr | ₹1,047.68 Cr | -40.6% |
| Total Income | ₹624.82 Cr | ₹1,049.21 Cr | -40.5% |
| PBT | ₹10.32 Cr | ₹14.82 Cr | -30.4% |
| PAT | ₹14.80 Cr | ₹11.20 Cr | +32.1% |
| EPS | ₹0.10 | ₹0.08 | +25% |
The company’s total comprehensive income stood at ₹14.61 crore in Q1 FY27, compared with ₹11.24 crore in Q1 FY26.
Sequential profit improvement
Nandan Denim’s Q1 performance also improved compared with the March 2026 quarter.
PAT increased from ₹9.51 crore in Q4 FY26 to ₹14.80 crore in Q1 FY27. Total comprehensive income also rose from ₹8.64 crore to ₹14.61 crore.
Revenue from operations increased sequentially from ₹539.98 crore in Q4 FY26 to ₹622.39 crore in the June quarter.
Material costs remain the largest expense
Cost of materials consumed stood at ₹519.44 crore during Q1 FY27, compared with ₹936.16 crore in the corresponding quarter last year.
Employee benefit expenses increased to ₹23.19 crore from ₹22.10 crore, while depreciation and amortisation stood at ₹11.63 crore.
Finance costs declined to ₹4.86 crore from ₹7.52 crore in Q1 FY26. Other expenses stood at ₹55.67 crore.
Nandan Denim invests in renewable power
Alongside the quarterly results, the company disclosed that it has entered into a Share Transfer cum Shareholders’ Agreement with Opera Vayu (Narmada) Private Limited and Shivman Wind Energy Private Limited for purchasing wind and solar power through the applicable group captive renewable power route.
Nandan Denim acquired 40,02,096 equity shares, representing a 6.1% stake in Opera Vayu (Narmada) Private Limited, for a total consideration of ₹4.00 crore on July 13, 2026.
The renewable power investment adds a new element to the company’s cost and energy strategy as it continues to operate its textile business.
Jyotiprasad Chiripal to continue as Managing Director
The Board has also approved the re-appointment of Jyotiprasad Devkinandan Chiripal as Managing Director for another 5-year term, subject to shareholder approval.
The new term will run from June 1, 2027 to May 31, 2032. Chiripal has more than 40 years of experience in the fabric, yarn and knitted apparel businesses and has been associated with Nandan Denim as Managing Director since 2017.
EQMint View
Nandan Denim’s Q1 FY27 results show a clear divergence between revenue and profitability. Revenue dropped sharply by about 41% YoY, while PAT increased by 32%, helped by the company’s expense profile and lower finance costs.
The company’s ₹4 crore investment for a 6.1% stake in Opera Vayu (Narmada) also puts renewable power procurement on the radar. Investors will be watching whether the company can sustain the improvement in profitability while rebuilding its revenue base in the coming quarters.
Source: Nandan Denim Limited regulatory filing dated August 12, 2026.
Disclaimer: This article is based on publicly disclosed company information and is intended for informational purposes only. It should not be considered investment advice.
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