Revised FY26 results show higher revenue but wider losses
KOTIC · price
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Kothari Industrial Corporation resubmitted its revised Q4 and FY26 results to BSE after correcting board meeting details in the covering letter. Standalone FY26 revenue more than doubled to Rs 17,830 lakhs from Rs 8,664 lakhs last year, but net loss widened to Rs 3,119 lakhs from Rs 1,617 lakhs. Consolidated net loss was Rs 7,219 lakhs, hit by associate company losses. The company disclosed going concern basis, took high-cost 24 percent loans worth Rs 36 crores, and is facing a Rs 1.16 crore income tax demand. EPS was Rs minus 2.89 standalone.
Strong revenue growth is offset by widening losses, 24 percent borrowing cost, and tax disputes, raising concerns on profitability and debt burden.