Ashnoor Textile Mills Limited has emerged victorious in a consumer court case against Oriental Insurance Company Limited, securing a substantial financial award. The District Consumer Disputes Redressal Commission-IV, New Delhi, has ruled in favor of Ashnoor Textile Mills, ordering Oriental Insurance to make significant payments to the company.

Case Details and Financial Implications

The case, which centered around a balance claim and interest on INR 80 Lakhs, has resulted in a multi-faceted financial award for Ashnoor Textile Mills. The key components of the ruling are as follows:

Implications for Ashnoor Textile Mills

This ruling represents a significant financial victory for Ashnoor Textile Mills. The company stands to receive not only the awarded amounts but also substantial interest payments, which could positively impact its financial position. The reimbursement of surveyor fees and the award for litigation costs further underscore the comprehensive nature of this favorable judgment.

Transparency and Compliance

In line with regulatory requirements, Ashnoor Textile Mills promptly disclosed this development to the BSE Limited. This disclosure, made under Clause 30 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates the company's commitment to transparency and regulatory compliance.

Conclusion

The favorable ruling in this consumer court case marks a positive development for Ashnoor Textile Mills Limited. As the company moves forward, the financial implications of this decision may contribute to its operational capabilities and overall financial health. Investors and stakeholders will likely be keeping a close eye on how this ruling impacts the company's future financial reports and market performance.

Ashnoor Textile Mills Limited , a prominent player in the terry towel business segment, has reported a significant increase in profit for the quarter ended June 30, 2025. The company's financial performance shows substantial growth compared to the previous quarter, despite a slight decline in revenue.

Financial Highlights

• Profit Surge: The company reported a profit of Rs 463.90 lakhs for Q1 2025-26, marking a remarkable 206% increase from Rs 151.84 lakhs in the previous quarter ended March 31, 2025.
• Revenue: Revenue from operations slightly declined to Rs 3,984.02 lakhs from Rs 4,114.80 lakhs in the preceding quarter.
• Earnings Per Share: The basic and diluted earnings per share stood at Rs 2.91 for the quarter.

Key Financial Metrics

Operational Performance

Ashnoor Textile Mills Limited operates exclusively in the terry towel business segment. The company's focus on this niche market appears to have contributed to its strong performance despite the slight dip in revenue.

Financial Stability

The company reported no defaults on loans during the period and has not issued any debt securities, indicating a stable financial position. This is further supported by key financial ratios:

• Debt Service Coverage Ratio: 2.26
• Interest Service Coverage Ratio: 5.61
• Debt Equity Ratio: 0.64
• Current Ratio: 2.08

These ratios suggest that Ashnoor Textile Mills maintains a healthy balance between its debt obligations and operational efficiency.

Management Approval

The quarterly results were reviewed by the audit committee and approved by the board of directors in a meeting that commenced at 1:30 pm and concluded at 3:50 pm on August 13, 2025.

Ashnoor Textile Mills Limited's strong performance in Q1 2025-26, particularly in terms of profitability, demonstrates the company's resilience and efficiency in its operations. The significant increase in profit despite a marginal decrease in revenue highlights effective cost management and operational improvements. As the company continues to focus on its core terry towel business, investors and stakeholders will likely keep a close eye on its performance in the coming quarters.