Madhav Copper Limited has informed the Exchange regarding Appointment of M/S Chetan Gandhi & Associates, Cost Accountants as Cost Auditor of the company w.e.f. August 13, 2025.
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Awaiting price reaction for this filing.
Madhav Copper Limited's board, meeting on August 13, 2025, approved its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations nearly doubled to ₹46.20 crore from ₹24.49 crore in the same quarter last year. However, net profit slipped slightly to ₹1.04 crore from ₹1.12 crore year-on-year, and EPS came in at ₹0.38 versus ₹0.41. The board also appointed M/s Chetan Gandhi & Associates as Cost Auditor and M/s N S Shah and Co. as Internal Auditor, both for FY 2025-26. Statutory auditor P G Hemani & Co. issued a clean limited review report on the quarterly numbers.
Strong top-line growth (~89% YoY) is a positive signal on business momentum, though flat-to-slightly-lower profit suggests margin pressure. The auditor appointments are routine compliance matters and unlikely to move the stock on their own.