Mumbai, February 3, 2025 – DOMS Industries Limited (BSE: 544045, NSE: DOMS) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company’s board also approved key corporate decisions, including a shareholders' agreement and an increase in the number of directors.
Financial Highlights (Standalone)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations (₹ Lakhs)
43,235.68
42,314.17
34,220.75
126,931.56
102,540.97
138,781.79
Total Income (₹ Lakhs)
43,844.29
42,914.56
34,418.07
128,708.96
102,961.29
139,772.48
Profit Before Tax (₹ Lakhs)
6,483.14
6,222.85
4,753.03
19,300.31
13,745.54
19,471.04
Net Profit (₹ Lakhs)
4,805.59
4,650.53
3,525.97
14,373.06
10,230.84
14,509.88
Earnings Per Share (₹)
7.66
7.92
6.25
23.68
18.13
25.22
Revenue from operations increased by 26.4% YoY to ₹43,235.68 lakh in Q3 FY25.
Net profit grew 36.3% YoY, reaching ₹4,805.59 lakh.
The company maintained strong operating margins with cost control and revenue growth.
Financial Highlights (Consolidated)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations (₹ Lakhs)
50,111.38
45,777.18
37,160.54
140,389.73
113,340.33
153,714.18
Total Income (₹ Lakhs)
50,732.65
46,383.68
37,365.02
142,173.85
113,786.55
154,727.39
Profit Before Tax (₹ Lakhs)
7,296.11
7,205.13
5,238.54
21,818.30
15,152.72
21,448.23
Net Profit (₹ Lakhs)
5,427.96
5,367.43
3,882.28
16,225.64
11,272.83
15,966.15
Earnings Per Share (₹)
8.94
8.84
6.88
26.74
19.98
27.75
Consolidated revenue grew 34.8% YoY to ₹50,111.38 lakh.
Net profit surged 39.8% YoY, driven by strong performance across subsidiaries.
Corporate Announcements
Issuance of Corporate Guarantee
The Board approved corporate guarantees for financial facilities availed by its subsidiaries:
Micro Wood Private Limited: ₹8.50 crore from HDFC Bank.
Uniclan Healthcare Private Limited: ₹10 crore from Indian Bank.
These guarantees are arm’s length transactions and classified as contingent liabilities.
Shareholders Agreement
A shareholders' agreement has been approved between:
DOMS Industries Limited
F.I.L.A. - Fabbrica Italiana Lapis Ed Affini S.p.A.
Key Indian Shareholders
Key Terms:
Board composition: FILA and Indian shareholders will have board representation rights based on their shareholding thresholds.
Chairmanship: FILA-nominated director will be Chairperson.
Managing Director: Indian shareholders will nominate the MD.
Reserved Matters: FILA and Indian Shareholders will have an affirmative vote on key strategic decisions.
Increase in Board Size
The maximum number of directors to increase from 15 to 20 (subject to shareholder approval).
Alteration of Articles of Association
Shareholders Agreement incorporation
Reflect changes in Board structure
Postal Ballot
Shareholders' approval will be sought through a postal ballot.
Strategic Outlook
DOMS Industries Limited is well-positioned for continued growth, supported by:
Expanding product portfolio
Strong financial performance
Strategic partnerships with FILA
Operational efficiency initiatives
The company remains committed to enhancing shareholder value while maintaining robust corporate governance.