Reappointment of Internal Auditor and Cost Auditor
COCKERILL · price
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The Board approved audited financial results for Q4 and FY ended December 31, 2025. Revenue for the full year stood at INR 357.59 crores (down from INR 388.73 crores in 2024), while the company returned to profitability with a net profit of INR 10.31 crores versus a loss of INR 5.38 crores in the previous year. A final dividend of Rs. 7 per share (70%) was recommended, with the record date set as March 6, 2026 — notably, no dividend was paid in the prior year. The Board appointed PwC Services LLP as Internal Auditor and re-appointed Kishore Bhatia & Associates as Cost Auditor for FY2026. Additionally, Mr. Pierre Pascal T Dosogne was appointed as Senior Management Personnel (HR Business Partner, Metals). The company also disclosed a one-time exceptional expense of INR 11.41 crores due to revised Indian labour codes, and an arbitration notice received from a customer regarding a Cold Rolling Mill project, which management says is adequately provisioned.
The return to profitability and resumption of dividend signals a turnaround after a difficult 2024, likely to be received positively by shareholders. Stronger cash balances (INR 226.50 crores vs INR 62.53 crores) and a growing order pipeline provide comfort on the FY2026 outlook, though the arbitration notice and one-time labour code charge remain items to monitor.