Un-Audited Financial Results of the Company for the Quarter ended 30.06.2025
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Adhata Global Limited (formerly M V Cotspin Limited) reported Q1 FY26 revenue from operations of Rs 209.36 lakhs, up about 88% from Rs 111.51 lakhs in the same quarter last year and about 74% higher sequentially. However, the company swung to a loss before tax of Rs 16.36 lakhs (vs a profit of Rs 3.83 lakhs a year ago), driven mainly by higher purchases of stock-in-trade and a sharp jump in other expenses to Rs 45.33 lakhs. After accounting for exceptional items of Rs 6.20 lakhs and a deferred tax credit of Rs 5.68 lakhs, the company posted a net loss of Rs 16.89 lakhs (EPS of negative Rs 0.36), reversing the Rs 3.83 lakh profit reported in Q1 FY25. The limited review by statutory auditor C.K. Chandak & Co. was clean with no qualifications. Total financial indebtedness stood at Rs 3.19 crores with no reported defaults.
Despite strong top-line growth in the trading of Okume veneer business, shareholders face a return to losses driven by higher operating costs, which is likely to weigh on sentiment in the short term. The clean auditor review and absence of debt defaults are positives, but profitability remains the key concern.