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 FY26 ending March 2026. Total income from operations declined to Rs 1,334.46 lakhs from Rs 2,245.73 lakhs in FY25, representing approximately 41% revenue decline. Net profit decreased to Rs 338.22 lakhs from Rs 401.08 lakhs year-over-year, a decline of about 16%. However, Q4 FY26 showed strong sequential recovery with net profit of Rs 197.60 lakhs compared to just Rs 18.62 lakhs in Q4 FY25. Basic EPS for FY26 stood at Rs 9.38 versus Rs 11.13 in FY25. Operating cash flow turned positive at Rs 334.88 lakhs compared to negative Rs 833.33 lakhs in the prior year. The company is engaged in the sponge iron and coal business with a single reportable segment. Statutory auditors Aayush Bohra A & Co. issued an unmodified (clean) audit opinion.
The company experienced significant revenue decline in FY26, though profit contraction was more modest due to better cost management. Strong Q4 recovery and positive operating cash flow are encouraging signs. Clean audit opinion removes audit quality concerns.