Texel Industries Ltd — Results, 29-05-2025: Result

Texel Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported total income of ₹121.17 Cr and profit after tax of ₹4.89 Cr for the year, significantly improving from a loss of ₹8.41 Cr in the previous year. Revenue growth was driven by both Technical Textile and Property Development segments, with the latter contributing a substantial profit of ₹5.35 Cr. The standalone balance sheet shows equity of ₹41.10 Cr and manageable borrowings. The company’s auditors issued an unmodified opinion, noting full impairment of its African subsidiary’s net worth and pending subsidy receivables under Textile Policy 2019, which management expects to recover.