Cosco (India) Limited Unaudited Financial Results for the Quarter and Six month ended September 30, 2025.
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Cosco India reported weak Q2 FY26 results with revenue from operations falling to Rs 3,727.30 lakhs from Rs 3,815.71 lakhs in Q2 FY25, a decline of about 2.3%. For the half year, revenue grew marginally to Rs 8,731.11 lakhs versus Rs 8,643.63 lakhs in H1 FY25. The company swung into a net loss of Rs 143.11 lakhs in Q2 FY26, compared to a profit of Rs 11.00 lakhs in the year-ago quarter; for the half year, it posted a loss of Rs 88.12 lakhs versus a profit of Rs 173.03 lakhs earlier. EPS turned negative at Rs (3.44) for the quarter and Rs (2.12) for the half year. The statutory auditor (Madan and Associates) issued an unmodified review opinion but included an explicit Emphasis of Matter paragraph flagging issues around provisions and expenses, a large GST input tax credit under reconciliation (Rs 780.45 lakhs vs only Rs 99 lakhs in the electronic credit ledger), pending capital work-in-progress documentation, and absence of Internal Audit Reports for both quarters.
Shareholders are likely to view this negatively given the sharp swing to quarterly and half-yearly losses, eroding EPS, and the auditor's emphasis of matter on key reconciliations including a sizeable unverified GST credit claim. The stock may face pressure in the near term until profitability recovers and the flagged accounting items are resolved.