Texel Industries Ltd — Board Meeting, 29-05-2025: Board Meeting

Texel Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company posted standalone revenue from operations of Rs. 38.09 Cr, up from Rs. 23.81 Cr a year earlier, driven mainly by its Technical Textile segment. Profit after tax turned positive at Rs. 4.89 Cr versus a loss of Rs. 8.41 Cr last year, supported by gains in the Land, Building & Property Development segment. Consolidated figures reflect a PAT of Rs. 4.55 Cr against a loss of Rs. 8.66 Cr previously. The statutory auditor issued an unmodified opinion. Equity was strengthened through preferential allotments, and subsidy receivables under the Textile Policy-2019 remain pending approval. This marks a turnaround with improving profitability and a stronger balance sheet.