Digjam Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Digjam Limited submitted its unaudited financial results for the quarter ended June 30, 2025. Revenue from continued operations stood at Rs. 395.28 lakhs, down from Rs. 618.41 lakhs in the previous quarter. The company posted a loss of Rs. 65.77 lakhs from continued operations but a profit of Rs. 161.82 lakhs from discontinued operations, resulting in a net profit of Rs. 96.05 lakhs (EPS of Rs. 0.48). The company's sole manufacturing facility at Jamnagar was discontinued effective March 31, 2025, with related assets of Rs. 5,681.64 lakhs classified as 'held for sale.' The board also approved a Scheme of Arrangement to demerge the textile undertaking of Reid & Taylor International into Digjam, and re-appointed several directors including Whole-Time Director Hardik Patel and appointed a new Secretarial Auditor.
The auditor flagged a material uncertainty about Digjam's ability to continue as a going concern, as current liabilities exceed current assets by Rs. 544.57 lakhs and core manufacturing has been shut down. While the net profit appears positive, it is entirely driven by discontinued operations, raising concerns about future earnings. Shareholders should closely monitor progress on the Reid & Taylor demerger scheme and asset sale plans, which are key to the company's viability.