Nandan Denim shares rise 7.5 per cent after Q2 results
The company reported a net profit of ₹11.47 crore for the July to September 2026 quarter, marking a 21 per cent year-on-year increase.
Shares of Nandan Denim Ltd rose by more than 7.50 per cent during Tuesday's trading session, according to Mint. The stock, which is priced below ₹10, saw strong buying after the company announced its Q2 results for the July to September 2026 quarter on Monday evening.
The company reported a net profit of ₹11.47 crore for the July to September 2026 quarter. This is an increase of over 21 per cent compared to the ₹9.45 crore net profit recorded in the same period of the previous financial year.
The board of directors approved the unaudited financial results for the July to September 2026 quarter during a meeting on Monday. The board also approved earnings for the April to September 2026 period.
For the H-1FY27 period, the company's net profit stood at ₹26.27 crore, which is nearly 27.50 per cent higher than the ₹20.61 crore reported in the corresponding period of the previous financial year. This growth occurred despite a drop in total income both year-on-year and quarter-on-quarter.
The stock opened at ₹2.55 and finished at ₹2.70 per share on Tuesday, up from the previous close of ₹2.51 per share. Nandan Denim Ltd ended the day with a market cap of ₹403 crore.