KIOCL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KIOCL · price
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KIOCL Limited, a Government of India enterprise, posted a net loss of Rs. 37.79 crore in Q1 FY26, marginally better than the Rs. 50.72 crore loss in Q1 FY25. Total revenue fell to Rs. 108.09 crore from Rs. 158.04 crore, a 32% year-on-year drop, while expenses were trimmed to Rs. 146.58 crore from Rs. 206.67 crore. The Pellet Plant, its core segment, saw revenue collapse to just Rs. 11.45 crore from Rs. 147.25 crore — a roughly 92% YoY plunge — dragging segment results to a loss of Rs. 50.71 crore. Loss per share stood at Rs. 0.62 vs Rs. 0.83 a year ago. The auditor (G Balu Associates LLP) issued an Emphasis of Matter flagging that the company has no independent directors and therefore no constituted Audit Committee, a non-compliance with the Companies Act and SEBI Listing Regulations.
This is the fifth straight quarter of losses, and the near-shutdown of the Pellet Plant is a serious operational red flag for shareholders. The governance issue — no independent directors and no Audit Committee — could invite regulatory action from SEI and weigh on sentiment despite the slight YoY improvement in losses.