Board approved unaudited standalone results for Q2 and H1 FY27; auditors' review conclusion unmodified
Board met on 24 October 2026 and approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, after the Audit Committee reviewed and recommended them.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 16005.09 | 12188.87 | +31.3% | 15285.36 | +4.7% |
| Total income | 16092.77 | 12437.83 | +29.4% | 15278.60 | +5.3% |
| Profit before tax | 122.70 | 180.86 | −32.2% | 269.06 | −54.4% |
| Profit after tax | 122.70 | 114.68 | +7% | 269.06 | −54.4% |
| Total comprehensive income | 122.70 | 114.68 | +7% | 269.06 | −54.4% |
| Basic EPS | 0.53 | 0.49 | +8.2% | 1.15 | −53.9% |
- Profit after tax - QoQ change
- −54.4%
- Period
- Quarter Ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Debtor amounting to Rs. 1368.88 lacs is overdue for a period beyond 12 months; Management is confident of its full recovery.
- The Deferred Tax Assets/Liabilities will be determined and accounted at the end of the Financial Year.
Damodar Industries Ltd shared its unaudited standalone financial results for the quarter and half year ended 30 September 2026, approved by the Board at its meeting on 24 October 2026. The Audit Committee reviewed and recommended the results before the Board approved them. Everything here is standalone, not consolidated.
Auditor's review conclusion
Statutory auditors Devpura Navlakha & Co. issued an independent review report on the standalone results for the quarter ended 30 September 2026 and the period from 1 April 2026 to 30 September 2026. The conclusion is unmodified: nothing came to the auditors' attention that causes them to believe the statement contains a material misstatement or misses a required disclosure. This is a review conclusion, which gives moderate assurance and is not a full audit opinion.
Revenue and profit (standalone, Rs. in lacs)
- Net Sales/Income from operations: 16005.09 for the quarter and 31290.45 for the half year, against 22524.11 for the half year ended 30 September 2025.
- Net Profit for the period: 122.70 for the quarter and 391.76 for the half year, against 346.87 for the half year ended 30 September 2025.
- Earning Per Share Basic & Diluted: 0.53 for the quarter.
Read together, the half year shows both revenue and profit above the same half of the previous year, while the September quarter's profit is the smaller part of the half-year total. The company earns in a single primary business segment, Textile Goods, so there are no separate segment results to compare.
A note worth reading
Note 4 states that a debtor amounting to Rs. 1368.88 lacs is overdue for a period beyond 12 months, and that management is confident of its full recovery. In simple terms, one large receivable has been pending for over a year; the company still expects to collect it in full, and the accounts are drawn on that basis.
Rest of the update
The results come with a statement of assets and liabilities as at 30 September 2026 and a cash flow statement for the half year, both signed by the Chairman. Compared with 31 March 2026, non-current borrowings came down while current borrowings went up, and total equity rose over the six months. Finance cost for the half year is lower than in the same half of the previous year.
How a retail reader can use this
This is the routine quarterly results disclosure, and the review conclusion carries no qualification. The things that can shape perception are the year-on-year improvement in half-yearly revenue and profit, the smaller September quarter relative to the half-year total, and the long-overdue receivable that management says will be recovered in full.
Also from Damodar Industries
Board meeting on 24 October 2026 to consider and approve Q2 and H1 unaudited results
21 Oct 2026
Damodar Industries Ltd-$ promoter buys 0.515% stake, holding rises to 35.127%
5 Oct 2026
Damodar Industries Ltd-$ promoter buys 8.584% stake, holding rises to 18.584%
5 Oct 2026
More numbers
- Net Sales/Income from operations, H1 FY27 (Rs. in lacs)31290.45
- Net Profit for the period, H1 FY27 (Rs. in lacs)391.76
- Net Sales/Income from operations, H1 FY26 (Rs. in lacs)22524.11
- Net Profit for the period, H1 FY26 (Rs. in lacs)346.87
- Debtor overdue beyond 12 months (Rs. in lacs)1368.88
- Total income, latest quarter16092.77 (Rs.in Lacs)
- Total income, year-ago quarter12437.83 (Rs.in Lacs)
- Total income, previous quarter15278.60 (Rs.in Lacs)
- Total comprehensive income, latest quarter122.70 (Rs.in Lacs)
- Total comprehensive income, year-ago quarter114.68 (Rs.in Lacs)
- Total comprehensive income, previous quarter269.06 (Rs.in Lacs)
- Profit after tax, latest quarter122.70 (Rs.in Lacs)
- Profit after tax, year-ago quarter114.68 (Rs.in Lacs)
- Profit after tax, previous quarter269.06 (Rs.in Lacs)
- Revenue from operations, latest quarter16005.09 (Rs.in Lacs)
- Revenue from operations, year-ago quarter12188.87 (Rs.in Lacs)
- Revenue from operations, previous quarter15285.36 (Rs.in Lacs)
- Profit before tax, latest quarter122.70 (Rs.in Lacs)
- Profit before tax, year-ago quarter180.86 (Rs.in Lacs)
- Profit before tax, previous quarter269.06 (Rs.in Lacs)
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