Outcome Of The Meeting Of Board Of Directors held on 14.11.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cosco (India)'s board approved its unaudited standalone results for Q2 and H1 FY26 (ended Sept 30, 2025). H1 FY26 revenue from operations stood at Rs 8,731.11 lakhs versus Rs 8,643.63 lakhs in H1 FY25 (roughly flat). However, the company swung to a loss — net loss of Rs 88.12 lakhs in H1 FY26 compared to a profit of Rs 173.03 lakhs in H1 FY25. Standalone Q2 FY26 revenue dipped ~2.3% YoY to Rs 3,727.30 lakhs, posting a net loss of Rs 143.11 lakhs (vs profit of Rs 54.99 lakhs YoY), translating to an EPS of Rs (3.44) for the quarter. Cost of materials and other expenses surged, crushing margins. The statutory auditor (Madan and Associates) issued an unmodified (clean) limited review opinion but flagged an 'Emphasis of Matter' highlighting: GST input credit of Rs 780.45 lakhs under reconciliation, unconfirmed trade payables/receivables balances, and the fact that internal audit reports for both quarters were not produced for verification.
Sharp swing to losses, weak Q2 standalone performance, and auditor-flagged items (unreconciled GST credits, missing internal audit reports) are negatives that could weigh on the stock in the near term, even though the auditor's opinion itself remains clean/unmodified.