Approval of Standalone Audited Financial Results for the Quarter and Financial Year ended March 31, 2026.
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Chennai Ferrous Industries reported standalone audited financial results for FY2026. Total income declined significantly to Rs. 1,334.58 lakhs from Rs. 2,245.73 lakhs in FY2025, representing approximately 40.5% revenue decline. Net profit after tax decreased to Rs. 338.22 lakhs from Rs. 401.08 lakhs, a decline of about 15.7%. EPS dropped to Rs. 9.38 from Rs. 11.13. However, operating cash flow turned positive at Rs. 334.88 lakhs compared to negative Rs. 833.33 lakhs in the previous year. The company has zero borrowings as of March 2026. Statutory auditors issued an unmodified (clean) opinion on the financial results.
The substantial revenue decline raises concerns about business performance, though improved cash flow and debt-free status provide some comfort. The clean audit opinion and positive cash generation are positives for investors, but the declining profitability trend warrants monitoring.