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KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kothari Industrial Corporation reported unaudited results for Q1 FY26 with total revenue of Rs 3,951.96 lakhs, a sharp jump of about 190% from Rs 1,362.82 lakhs in Q1 FY25. The growth was driven mainly by the Leather segment (Rs 2,135.36 lakhs), Fertilizers (Rs 408.44 lakhs), and Food (Rs 640.83 lakhs). Despite the strong topline, the company slipped into a loss at the profit-before-tax level of Rs 191.83 lakhs, compared to a profit of Rs 27.45 lakhs a year ago, dragged down by losses in Leather, Drone, FMCG, and 'Others' segments. Capital employed improved significantly to Rs 18,253.82 lakhs. The statutory auditor (Ray & Ray), in the limited review report, flagged several concerns including unsupported revenue of Rs 302.74 lakhs and expenses of Rs 285.57 lakhs, unreconciled GST balances (input credit Rs 485.91 lakhs, outward liability Rs 271.04 lakhs), pending TDS reconciliations, and an ongoing Madras High Court case over Coonoor land repossession.
Strong revenue growth is a positive signal, but the swing to a quarterly loss and the auditor's multiple red flags on unverified income/expenses and pending tax reconciliations may worry investors and keep the stock under pressure until these issues are resolved.