The Results for Financial Year March 2026 are attached herewith
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Chowgule Steamships reported a net loss of ₹14 lakhs for FY2026, a sharp decline from a profit of ₹128.56 lakhs in FY2025. Revenue from operations fell to ₹327.31 lakhs from ₹388.24 lakhs, representing a 15.7% decline. The company faced a significant tax expense of ₹106.38 lakhs (up from ₹72.68 lakhs), which contributed to the loss despite operating profit of ₹92.38 lakhs. Operating cash flow was deeply negative at ₹-411.96 lakhs, indicating cash burn from operations. The auditors issued an unmodified opinion, and the board approved the financial statements along with related party transaction approvals and the 63rd AGM.
The stock may face pressure due to the sharp turnaround from profit to loss, revenue decline, and negative operating cash flows. The significant tax expense warrants further investigation as it may indicate tax disputes or provisioning.