This is to inform you that the Board of Directors of the Company at its Meeting held today i.e. 14th August, 2025 has inter alia, considered and approved the Un-audited Financial Results ....
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The Board of Directors of Adhata Global Limited (formerly M V Cotspin Limited), at its meeting on August 14, 2025, approved the unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations jumped to Rs 209.36 lakhs, up sharply from Rs 111.51 lakhs in the same quarter last year (about 88% YoY growth) and Rs 120.57 lakhs in the preceding quarter. However, total expenses of Rs 228.57 lakhs exceeded total income of Rs 212.20 lakhs, leading to a loss before tax of Rs 22.56 lakhs. After factoring in Rs 6.20 lakhs of exceptional items and a deferred tax credit, the company reported a net loss of Rs 16.89 lakhs versus a profit of Rs 3.83 lakhs in Q1 FY25. The auditor (C.K. Chandak & Co.) issued a clean limited review report with no qualifications. The company primarily trades in Okume veneer and has total financial indebtedness of Rs 3.19 crores with no reported defaults.
Although revenue grew strongly year-on-year, the company swung back into a net loss this quarter and reported negative EPS of Rs (0.36), indicating that rising costs and exceptional items are eating into profitability. For retail investors, this signals persistent operational weakness despite top-line growth, warranting close monitoring of margin trends in upcoming quarters.