Damodar Industries , a prominent player in the textile goods segment, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results reveal a net profit of Rs 232.19 lakh, marking a substantial improvement from the net loss of Rs 150.65 lakh recorded in the same quarter of the previous year.

Financial Highlights

• Net Profit: Rs 232.19 lakh (Q1) vs. Net Loss of Rs 150.65 lakh (Q1 previous year)
• Net Sales: Rs 10,335.27 lakh, down from Rs 11,930.54 lakh in the corresponding quarter last year
• Total Income: Rs 10,633.34 lakh, compared to Rs 12,325.78 lakh in the prior year quarter
• Earnings Per Share (EPS): Rs 1.00 (basic and diluted)

Operational Performance

Despite a decrease in net sales, Damodar Industries has managed to turn its operations profitable. The company's profit from operations before exceptional items stood at Rs 167.42 lakh, a significant improvement from the loss of Rs 521.38 lakh in the same period last year.

Financial Table

Management Commentary

The Board of Directors reviewed and approved these financial results at their meeting held on August 2. Arunkumar Biyani, Chairman of Damodar Industries Limited, expressed satisfaction with the company's performance, highlighting the successful turnaround despite challenging market conditions.

Company Overview

Damodar Industries Limited operates within the textile goods segment. The company maintains a paid-up share capital of Rs 1,165 lakh and continues to focus on its core business activities in the textile industry.

Auditor's Review

Devpura Navlakha & Co., Chartered Accountants, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

The company's ability to achieve profitability in a quarter where revenues declined demonstrates effective cost management and operational efficiency. Stakeholders will be watching closely to see if this positive trend can be sustained in the coming quarters.

Damodar Industries Limited , a prominent player in the textile industry, has announced significant changes to its board and upcoming corporate events. The company's Board of Directors convened a meeting on July 24, 2025, at its registered office in Mumbai, making key decisions that will shape its future governance and shareholder engagement.

New Independent Director Appointment

Damodar Industries has appointed Mr. Pankaj Srivastava as an Additional Director in the Independent category. This appointment, effective July 24, 2025, is subject to shareholder approval. Mr. Srivastava brings valuable experience in Financial, Sales & Marketing, and Risk Management to the board.

Key points about the new appointment:

• Mr. Srivastava's appointment is in the Independent category
• He is not related to any existing Director or Key Managerial Personnel of the company, ensuring independence in his role
• His diverse experience is expected to contribute significantly to the company's strategic decisions and governance

37th Annual General Meeting

The Board has approved the convening of the company's 37th Annual General Meeting (AGM) for the Financial Year 2024-25. This meeting will provide an opportunity for shareholders to engage with the company's management and participate in key decision-making processes.

Damodar Industries Limited continues to demonstrate its commitment to transparent corporate governance and strategic growth with these latest developments. Shareholders and market observers will be keenly watching how these changes impact the company's performance and direction in the coming months.