Outcome of the Board Meeting
DAMODARIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Damodar Industries Limited held its Board Meeting on May 15, 2026, and approved the audited financial results for Q4 and the full year ended March 31, 2026. The company reported total income of Rs. 9,328.94 Lakhs for FY2026, marginally up from Rs. 9,166.00 Lakhs in the previous year. Net profit surged significantly to Rs. 747.61 Lakhs compared to Rs. 320.96 Lakhs in FY2025, representing a 133% increase. The statutory auditor M/s Devpura Navlakha & Co. issued an unmodified (clean) opinion on the financial results. The board also appointed M/s Dilip M. Bathija as Cost Auditor for FY2026-27 and scheduled the 38th AGM for August 8, 2026.
The company delivered strong profit growth with a clean audit, which is a positive signal for shareholders. However, the debt-to-equity ratio stands at approximately 1.31, indicating high leverage that investors should monitor.