Audited Financial Result for the year ended 31st March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coromandel Engineering Company reported revenue of Rs 4,308.84 lakhs for FY26, up 37.7% from Rs 3,128.89 lakhs in FY25, meeting the revenue growth threshold. However, net profit declined sharply to Rs 16.88 lakhs from Rs 41.49 lakhs in the prior year despite revenue growth. The auditor raised an Emphasis of Matter flagging delays in statutory payments including GST, TDS, EPF and ESI dues, with TDS for February and March remaining unpaid. Additionally, the company has unpaid MSME dues of Rs 10.05 crores beyond prescribed due dates. Operating cash flow remained negative at Rs 271.78 lakhs. The company raised Rs 6.61 crores via preferential equity issue in May 2025, with funds allocated to general corporate purposes and project execution.
The positive revenue growth is offset by declining profitability and significant working capital stress. The unpaid statutory dues and MSME obligations raise liquidity concerns for shareholders despite the unqualified audit opinion.