Submission of Audited Financial Results for the quarter and year ended 31st March, 2026
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COSYN Ltd reported audited standalone and consolidated financial results for FY2026. Revenue from operations declined significantly to Rs 1,087.86 lakhs from Rs 1,480.55 lakhs in the previous year, representing approximately 26.5% revenue decline. Profit after tax fell to Rs 16.02 lakhs (standalone) and Rs 15.94 lakhs (consolidated) from Rs 25.27 lakhs in FY2025, a decline of about 37%. EPS dropped from Rs 0.90 to Rs 0.21 per share. The company operates in IT services as a single business segment. Statutory auditors Suryanarayana & Suresh issued an unmodified opinion, and the company also reappointed Vittal & Co as internal auditors and appointed Ms. Madhuri Muddana as an Additional Independent Director.
The significant revenue and profit decline may put pressure on the stock price. However, the clean audit opinion with unmodified report provides some comfort to investors regarding financial reporting quality.