Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their meeting ....
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Indo Cotspin reported Q2 FY26 revenue from operations of ₹659.49 lakhs, up about 25% from ₹525.83 lakhs in the same quarter last year, helped by higher sales of traded goods. However, profitability collapsed sharply — profit after tax fell roughly 96% to just ₹0.92 lakhs from ₹26.03 lakhs YoY, and half-yearly PAT dropped to ₹1.29 lakhs from ₹35.98 lakhs. The squeeze came from a big jump in raw material and traded-goods costs, which pushed total expenses up faster than revenue and crushed margins. The auditor (Dinesh Kumar Goel & Co.) issued an unmodified limited review opinion. Operating cash flow for H1 turned negative at around -₹1.64 crore, and borrowings jumped to about ₹2.03 crore from negligible levels a year ago to fund working capital and inventory build-up.
Strong top-line growth is offset by a dramatic fall in profits and negative operating cash flow, which is a red flag for shareholders despite revenue scaling up. The sharp jump in debt to fund inventory suggests cash conversion is under pressure, so margin recovery in coming quarters will be critical for the stock.