CMICABLESNSECMI LimitedHighNeutral
Announced Fri, 31 Oct, 2025 · 16:22 IST
CMI reports widening losses despite higher nine-month revenue
Price reaction
Awaiting price reaction for this filing.
AI summary
CMI approved unaudited results for the quarter and nine months ended 31 December 2024. Nine-month operating revenue rose to Rs 8,974.33 lakh from Rs 2,030.30 lakh, but net loss widened to Rs 1,802.97 lakh from Rs 542.29 lakh. The quarter loss was Rs 818.05 lakh. The company remains under insolvency resolution, and the reviewer flagged fully eroded net worth and unavailable records.
Likely market impact
The stock faces high risk from widening losses, fully eroded net worth and ongoing insolvency proceedings, despite stronger revenue.