Press Release with regard to Audited Financial Results of the Company for the quarter and year ended March 31, 2025
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Awaiting price reaction for this filing.
Cosmo Ferrites reported a weak set of numbers for Q4 and FY25. Q4 revenue fell to ₹1,948 lakhs (vs ₹2,569 lakhs in Q4 FY24) and the company posted a loss of ₹155 lakhs at the PAT level compared to a loss of ₹52 lakhs last year. For the full year, revenue declined to ₹8,566 lakhs from ₹9,776 lakhs and the PAT loss widened to ₹566 lakhs from ₹198 lakhs. The fall was driven by cheap Chinese dumping of soft ferrite cores domestically and weak demand in Europe. The company trimmed fixed overheads from ₹33 crore to ₹27 crore and welcomed the government's 5-year anti-dumping duty of up to 35% on Chinese imports, which Cosmo Ferrites had actively sought. Management expects better capacity utilization and margins in FY26, supported by this duty and ongoing automation.
Short-term: Continued losses and weak profitability may keep the stock under pressure. Medium-term: Anti-dumping duty and cost cuts are clear positives that could improve domestic pricing power and EBITDA margins in FY26 if execution holds.