Damodar Threads Ltd. announced that the Board of Directors of the company at its meeting held on January 16, 2013, recommended an interim dividend at the rate of 12% or INR 1.20 per share on equity shares of the face value of INR 10 each for the financial year 2012-2013.

Damodar Threads Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales\ income from operations of INR 1,407.235 million compared to INR 983.191 million a year ago. Profit from operations before other income, interest and exceptional items was INR 87.895 million compared to INR 65.563 million a year ago. Profit from ordinary activities before tax was INR 31.199 million compared to INR 28.962 million a year ago. Net profit for the period was INR 24.957 million or INR 2.80 per basic and diluted share compared to INR 21.562 million or INR 2.42 per basic and diluted share a year ago. For the nine months period, the company reported net sales\ income from operations of INR 3,972.630 million compared to INR 2,793.355 million a year ago. Profit from operations before other income, interest and exceptional items was INR 287.418 million compared to INR 161.043 million a year ago. Profit from ordinary activities before tax was INR 117.251 million compared to INR 52.043 million a year ago. Net profit for the period was INR 93.808 million or INR 10.54 per basic and diluted share compared to INR 41.843 million or INR 4.88 per basic and diluted share a year ago.

Damodar Threads Ltd. announced that they will report Q3, 2013 results on Jan 16, 2013