Submission of outcome of Board Meeting held on even date to consider and approve the un-audited financial results for the quarter ended 30th June, 2025
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COSYN Limited's Board approved unaudited standalone and consolidated financial results for Q1 FY26. Revenue from operations dropped sharply to Rs 71.30 lakhs from Rs 342.93 lakhs in Q1 FY25, a steep year-on-year decline of around 79%. Total expenses also fell to Rs 70.42 lakhs (vs Rs 340.34 lakhs), largely driven by an unusually large inventory drawdown of Rs 327.66 lakhs, which flattered the cost side. Profit after tax was Rs 3.73 lakhs compared to Rs 3.57 lakhs in the year-ago quarter, with EPS of Rs 0.05. The statutory auditor Suryanarayana & Suresh issued a clean limited review report with no qualifications or emphasis of matter. Consolidated results include two subsidiaries — Cosyn LLC and Well To Desk Inc — whose interim figures were not independently audited.
The dramatic 79% revenue decline is a serious concern for shareholders, even though PAT edged up marginally. The low headline expenses are largely an accounting effect from inventory release rather than operational efficiency. Investors should monitor upcoming quarters closely to see whether revenue stabilises.