This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Revised results
KOTIC · price
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On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.4 pts less 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 has submitted revised audited financial results for Q4 and FY26 after discovering that the impact of its 30% stake in associate Phoenix Kothari Footwear Limited was inadvertently omitted from the earlier consolidated submission. Standalone revenue from operations more than doubled to Rs 17,830.36 lakhs in FY26 (from Rs 8,663.59 lakhs in FY25), while standalone net loss widened to Rs 3,119.07 lakhs (from Rs 1,616.82 lakhs). On a consolidated basis, the company's share of loss from the associate dragged the FY26 net loss sharply deeper to Rs 7,218.53 lakhs. The Fertiliser segment stayed profitable (segment result of Rs 383.45 lakhs), but Footwear, Hotel, Logistics, Drone, Digital Media and FMCG segments all reported losses. The company raised Rs 34 crore and Rs 2 crore unsecured loans at 24% p.a. during the quarter and is also seeking to delist from the Calcutta Stock Exchange.
The restatement is negative for shareholders as it reveals deeper-than-previously-reported losses once the associate's Rs 41 crore loss share is included, and the reliance on high-cost 24% unsecured loans combined with widening losses raises concerns about the company's financial flexibility, though management asserts a going-concern basis with expansion plans.
| 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.