Pioneer Embroideries Limited reported a significant increase in net profit for Q1 ending June 30, despite a decline in revenue. Standalone net profit rose to ₹107.78 lakh from ₹21.81 lakh year-over-year, while net sales decreased to ₹8,590.74 lakh from ₹9,588.19 lakh. The profit boost was largely due to exceptional gains of ₹441.80 lakh from asset sales at Naroli. The company moved its manufacturing operations to a new unit at Degoan, Dhule. On a consolidated basis, net profit attributable to owners increased to ₹106.77 lakh from ₹20.50 lakh.