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Awaiting price reaction for this filing.
Cosmo Ferrites Limited submitted its Annual Report for the financial year ended March 31, 2025. Net sales declined to Rs 8,566 lacs from Rs 9,776 lacs in the previous year, a drop of about 12%. The company reported a wider net loss of Rs 566 lacs compared to a loss of Rs 198 lacs in FY24, mainly due to weaker sales and finance costs of Rs 548 lacs. No dividend was declared because of the loss, and there was no change in the share capital of Rs 12.03 crore (1.20 crore equity shares of Rs 10 each). Board changes include the appointment of Mr. Ram Agarwal as Additional Director and the cessation of Independent Director Mr. Neeraj Kumar Sharma. The secretarial and statutory auditors gave clean reports with no qualifications.
Continued losses and falling revenues signal ongoing operational stress for shareholders, with no dividend and no signs of recovery in FY25. The clean audit reports are a positive, but widening losses remain a concern for the stock.