This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
RESULTS
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.4 pts more than its Leather And Leather Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kothari Industrial Corporation Limited reported FY2026 standalone revenue of Rs 17,830.36 Lakhs, more than doubling from Rs 8,663.59 Lakhs in FY2025. However, the company reported a net loss of Rs 3,121.44 Lakhs (standalone), significantly worse than the Rs 1,616.82 Lakhs loss in the previous year. The auditors from Ray & Ray issued a qualified opinion citing six major concerns: an Rs 80 lakh government subsidy outstanding for 8+ years without documentation, failure to provide balance confirmations for receivables (Rs 33.49 crores), payables (Rs 23.24 crores), and other loans (Rs 52.88 crores, unreconciled GST input credits of Rs 10.41 crores, unavailable inventory valuation reports for Rs 10.98 crores out of Rs 17.02 crores total inventory, and pending litigation over land repossession in Coonoor. The consolidated results include losses from associate Phoenix Kothari Footwear Limited. The company also paid Rs 32.13 crores for SIPCOT land allotment with interest of Rs 31 lakhs.
The stock faces significant pressure due to widening losses and a qualified audit opinion highlighting weak internal controls, documentation gaps, and unverifiable balances. The inability to confirm large receivables and inventory values raises concerns about asset quality, while the GST reconciliation issue could result in future tax liabilities.
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Revenue | ₹44.52 Cr | ₹26.42 Cr | +68.5% |
| Operating profit | −₹15.11 Cr | −₹13.47 Cr | loss widened |
| Profit after tax | −₹14.07 Cr | −₹13.02 Cr | loss widened |
| EBITDA margin | -13.9% | -53.3% | +39.4 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.