Financial Results for the quarter and year ended 31st March 2026
DAMODARIND · price
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Damodar Industries Limited reported audited financial results for Q4 and FY 2026. Net sales for the year stood at Rs 44,325.14 Lacs, essentially flat compared to Rs 44,310.90 Lacs in the previous year. However, net profit after tax improved significantly to Rs 1,889.64 Lacs from Rs 1,189.64 Lacs in the prior year, representing approximately 59% growth. EPS increased from Rs 1.02 to Rs 1.62 per share. The company operates in a single segment - Textile Goods. The statutory auditors, Devpura Navlakha & Co., issued an unmodified opinion, and the company also appointed M/s Dilip M. Bathija as Cost Auditor for FY 2026-27. The 38th AGM is scheduled for August 8, 2026.
The sharp rise in profitability despite flat revenue indicates improved operational efficiency and cost management. Shareholders should view this positively as earnings per share grew by nearly 59%, suggesting better asset utilization in the textile business.