Statement of Audited Standalone Financial Results for the quarter and year ended 31.03.2026 along with Auditors Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cochin Minerals reported a 10.5% decline in revenue to Rs 2,871.89 lakhs in FY26 from Rs 3,207.41 lakhs in FY25. Profit after tax dropped significantly by 47% to Rs 125.06 lakhs from Rs 235.59 lakhs, while EPS fell from Rs 30.09 to Rs 15.97. The company recorded an exceptional item of Rs 505.30 lakhs due to impairment of CWIP for its metallisation project, which has been suspended due to ilmenite supply issues. The auditor issued an unmodified opinion. The board recommended 80% dividend (Rs 8 per share) and appointed Mr. Rajesh Jacob as Nominee Director.
The stock may face pressure due to near-halving of PAT and significant revenue decline, though the clean audit opinion and strong cash flow (Rs 2,852.57 lakhs operating) provide some comfort. The CWIP impairment signals write-off of a non-productive project.