Approval of Unaudited Financial Results for the quarter ended June 30, 2025.
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Chennai Ferrous Industries Ltd reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results, with revenue from operations at Rs 6,920.90 lakhs, down about 6.2% from Rs 7,381.92 lakhs in the same quarter last year. Net profit, however, rose sharply to Rs 232.77 lakhs from Rs 173.88 lakhs, a growth of nearly 34% year-on-year. Earnings per share stood at Rs 6.46 versus Rs 4.82 in Q1 FY25. The company also appointed new statutory, secretarial, and internal auditors at this board meeting. The statutory auditor's limited review report is clean with no qualifications.
Profit growth despite a revenue dip indicates improved margins and better cost control, which is positive for shareholders. The auditor changes appear to be routine term-based rotations and are unlikely to affect the stock in the near term.