Revised Annual Report for the Financial Year 2024-25
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Cospower Engineering Ltd has submitted a revised annual report for FY 2024-25 along with the AGM notice scheduled for September 30, 2025. The company reported a turnover of ₹27.70 crore and a net profit of ₹1.53 crore for the year, marking a 25% topline growth. Management indicated that the company has already crossed ₹25 crore in sales in H1 FY 2025-26 and is targeting ₹60 crore turnover with an estimated profit of ₹6.51 crore for the current fiscal. The company is undergoing capacity expansion (doubling production capacity) and recently completed a preferential allotment of shares to fund growth. The AGM also proposes appointing new statutory auditors M/s C.J.K. Associates (replacing M/s N B T & Co.) and a new independent director Mr. Atul Damodar Dharap.
The 25% revenue growth signals strong momentum, and the management's optimistic guidance of more than doubling turnover in FY 2025-26 could boost investor sentiment. Shareholders should note the auditor change and the dilution from the preferential allotment when evaluating the stock.