Unaudited Financial Results for the Quarter ended 30th June, 2025.
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Cochin Malabar Estates & Industries Ltd submitted its unaudited Q1 FY26 results (quarter ended June 30, 2025) showing total income of about ₹37.44 lakhs against total expenses of about ₹16.44 lakhs. Note 2 to the results explicitly states that the company's net worth is fully eroded and its current liabilities exceed current assets, raising material uncertainty about its ability to continue as a going concern. Management is still preparing the accounts on a going concern basis, citing plans to develop its land assets in Goa and resume normal operations. Statutory auditor Singhi & Co included an Emphasis of Matter paragraph in its limited review report specifically drawing attention to this going concern risk, although the overall review conclusion remains unmodified. The company also reported a loss per share of approximately ₹(0.61) for the quarter, pointing to weak operating performance.
The fully eroded net worth, auditor's emphasis on going concern, and per-share loss are serious red flags that may keep the stock under pressure. Shareholders should watch progress on the Goa land development plans closely, as execution of these monetisation efforts is critical to the company's survival and the validity of the going concern assumption.