# Nandan Denim surges 7% despite 40% revenue plunge

2026-08-13T05:52:56+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Nandan Denim share price jumped over 7% on Thursday, after the company reported a 31.8% rise in net profit to Rs 14.79 lakh for Q1FY27. However, revenue from operations crashed 40.6% to Rs 622.39 lakh from Rs 1,047.68 lakh a year ago. Livemint reports the profit growth was largely due to a Rs 5.07 lakh tax credit for earlier years, not stronger operations. Profit before tax actually fell. The company also reappointed Jyotiprasad Devkinandan Chiripal as managing director for five more years, pending shareholder approval.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/penny-stock-under-rs-5-jumps-7-despite-weak-trends-on-dalal-street-do-you-own-11786595893809.html>

Tags: Nandan Denim, penny stock, Q1 results, revenue decline, stock market, tax adjustment
Canonical: https://indianopinion.org/nandan-denim-surges-7-despite-40-revenue-plunge/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/nandan-denim-surges-7-despite-40-revenue-plunge/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.