UNaudited Financial Results for the Quarter ended 30th June 2025
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Coromandel Engineering Company reported Q1 FY26 revenue from operations of Rs 859.01 lakhs, up about 13% from Rs 760.15 lakhs in Q1 FY25. The company posted a net loss of Rs 72.51 lakhs, a sharp improvement from a Rs 316.16 lakhs loss a year earlier, with loss per share at Rs 0.02 vs Rs 0.95. Total expenses fell to Rs 852.69 lakhs from Rs 1,097.11 lakhs, helping bring profit before tax back into positive territory at Rs 6.32 lakhs. The Board also approved incorporating a wholly owned subsidiary, 'CECL Urban Infra and Facility Services Pvt Ltd', and appointed a new Secretarial Auditor for a five-year term. Separately, the company confirmed that Rs 6.61 crore raised via a May 2025 preferential equity issue has been used (Rs 6.22 crore utilised so far) for general corporate purposes with no deviation. Operating cash flow, however, remained deeply negative at Rs (439.76) lakhs for the quarter.
Revenue is recovering and losses are narrowing, which is a positive signal, but the company is still loss-making and burning cash from operations, so shareholders should watch for sustained improvement in margins and cash generation before turning constructive.