Damodar Industries Reports FY26 Profit, Names Auditor, Sets AGM Date

Damodar Industries Ltd. has announced its audited financial results for the fiscal year ending March 31, 2026, reporting a net profit of ₹5.37 crore on total income of ₹439.55 crore.

Corporate Actions

The company's board approved these results and appointed M/s Dilip M. Bathija as the Cost Auditor for the upcoming fiscal year 2026-2027. The 38th Annual General Meeting (AGM) is scheduled for Saturday, August 08, 2026.

Company and Sector Overview

Damodar Industries operates within the textile sector, primarily manufacturing synthetic yarns and fabrics.

Industry Context and Peer Comparison

The Indian textile industry often contends with fluctuating raw material prices and shifting international demand. Damodar Industries operates in this environment alongside peers like Trident Ltd. and Siyaram Silk Mills Ltd. For comparison, Trident reported FY25 revenue of ₹6,417.5 crore and profit of ₹487.7 crore. Raymond Ltd. also reported a net loss in FY25 despite substantial revenue. Damodar's FY26 profit of ₹5.37 crore on ₹439.55 crore revenue suggests a smaller operational scale or distinct margin strategies compared to these larger players.

Financial Snapshot (as of March 31, 2026)

The company reported total assets of ₹342.18 crore, total equity of ₹147.87 crore, and total liabilities of ₹194.30 crore.

What Investors Can Expect

Investors can now review Damodar's audited FY26 performance figures and are informed about the designated cost auditor for FY27 and the AGM date. Key discussions are expected at the 38th Annual General Meeting on August 08, 2026, along with future quarterly updates and management commentary on the business outlook.