Damodar Industries Limited Reports Q3 FY2025 Financial Performance

Mumbai, February 5, 2025 – Damodar Industries Limited (BSE: 521220, NSE: DAMODARIND) announced its unaudited financial results for the quarter and nine months ended December 31, 2024.

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Key Financial Highlights (₹ in Lakhs)​

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Segment Performance​

• The company operates in a single primary business segment – "Textile Goods", with no other reportable segments.
• Sales revenue for Q3 FY25 stood at ₹12,026.57 lakh, down from ₹14,308.19 lakh in Q3 FY24, reflecting a decline in demand.
• Nine-month revenue declined to ₹33,628.73 lakh, compared to ₹50,365.25 lakh in the same period last year.

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Operational and Strategic Highlights​

• The company's operational costs remained steady, with raw material consumption at ₹5,242.65 lakh for the quarter.
• Employee costs and depreciation were ₹517.54 lakh and ₹509.66 lakh, respectively.
• The company reported a modest increase in net profit, with PAT at ₹160.54 lakh, compared to ₹73.90 lakh in the previous quarter.

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Management Commentary​

Arunkumar Biyani, Chairman, Damodar Industries Limited, stated: "Despite the challenges in the textile sector, we remain focused on cost optimization and operational efficiency. We continue to evaluate opportunities to enhance profitability and navigate market volatility."

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Strategic Outlook​

• The company remains optimistic about the recovery of domestic demand and expects better sales traction in the coming quarters.
• No M&A or major CAPEX investments were reported in this quarter.

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Auditor’s Review​

The independent auditor’s limited review did not identify any material misstatements, and the results were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI regulations.

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Conclusion​

Damodar Industries Limited has managed to post stable profits despite revenue contraction. The company continues to focus on cost efficiency and long-term growth strategies to improve margins and performance in upcoming quarters.