Cosmic Energy & Motors Limited (formerly Shashank Traders Limited) Q2 FY27 results: net profit ₹0.31 crore vs ₹0.04 crore loss

How did Cosmic Energy & Motors Limited (formerly Shashank Traders Limited) perform in Q2 FY27?

Cosmic Energy & Motors Limited (formerly Shashank Traders Limited) reported standalone results for Q2 FY27, the July–September 2026 quarter, approved by the board on 3 November 2026. Revenue from operations was ₹0 crore and other income was ₹0.49 crore, taking total income to ₹0.49 crore. Total expenses were ₹0.15 crore, and profit before tax was ₹0.34 crore.

Against Q2 FY26, revenue from operations was unchanged at ₹0 crore, while total income was up ₹0.49 crore from ₹0 crore. Profit before tax moved from a loss of ₹0.04 crore to a profit of ₹0.34 crore, a difference of ₹0.38 crore. After tax of ₹0.03 crore, net profit for the period was ₹0.31 crore, against a net loss of ₹0.04 crore in the year-ago quarter.

Against Q1 FY27, revenue from operations was unchanged at ₹0 crore and total income rose from ₹0 crore to ₹0.49 crore. EBITDA was a loss of ₹0.14 crore, compared with a loss of ₹0.21 crore in the previous quarter, a difference of ₹0.07 crore. Net profit moved from a loss of ₹0.21 crore to a profit of ₹0.31 crore, and basic EPS from a loss of ₹0.69 to ₹1.00, a difference of ₹1.69.

What changed in Cosmic Energy & Motors Limited (formerly Shashank Traders Limited)'s costs and profit?

Other income of ₹0.49 crore was the main change in the quarter's income lines, up ₹0.49 crore from ₹0 crore in Q2 FY26 and ₹0.49 crore from ₹0 crore in Q1 FY27. Revenue from operations and cost of materials consumed were both ₹0 crore, unchanged against the year-ago quarter and the previous quarter.

Total expenses for Q2 FY27 were ₹0.15 crore, up ₹0.11 crore or 275.0% from ₹0.04 crore in Q2 FY26. Employee cost was ₹0.09 crore against ₹0.02 crore, a difference of ₹0.07 crore, while other expenses were ₹0.06 crore against ₹0.03 crore, a difference of ₹0.03 crore. Finance costs were ₹0.01 crore and depreciation was ₹0 crore.

Against Q1 FY27, total expenses fell by ₹0.06 crore or 28.6%, with other expenses down ₹0.09 crore or 60.0% to ₹0.06 crore and employee cost up ₹0.03 crore or 50.0% to ₹0.09 crore. There was no exceptional item in the quarter, and tax expense was ₹0.03 crore against ₹0 crore in both Q1 FY27 and Q2 FY26. The company said that during the half year ended 30 September 2026, management changed and the new management took over control, acquiring 62.72% of the shares.

What do the balance sheet and cash flow show?

Total assets stood at ₹4.48 crore as on 30 September 2026, against ₹5.00 crore as on 31 March 2026. Total equity was ₹2.04 crore and borrowings ₹0.39 crore at the quarter end. Cash was ₹0.03 crore, while inventories and trade receivables were ₹0 crore and trade payables were ₹1.31 crore.

For the first half of FY27, operating cash flow was ₹2.55 crore, against a net outflow of ₹0.03 crore in H1 FY26. Investing cash flow was ₹0 crore in both periods, and financing cash flow was a net outflow of ₹2.52 crore, against an inflow of ₹0.02 crore in H1 FY26. Capital expenditure was ₹0 crore in both periods.

How has Cosmic Energy & Motors Limited (formerly Shashank Traders Limited) done over the last 8 quarters?

Revenue from operations was ₹0.05 crore in Q3 FY25, the highest in the listed trend data, and ₹0 crore in each quarter that followed through Q2 FY27. Reported profit has been negative in most quarters, including a loss of ₹0.21 crore in Q1 FY27.

In Q2 FY27, profit moved to ₹0.31 crore from a loss of ₹0.21 crore in Q1 FY27. Other income for the quarter was ₹0.49 crore, while total expenses were ₹0.15 crore and tax was ₹0.03 crore. No EBITDA margin was reported for the quarter.

What did the auditors point out?

G K Tulsyan & Company, Chartered Accountants, issued a limited review report on the unaudited standalone financial results for the quarter ended September 30, 2026. The auditors said nothing had come to their attention causing them to believe that the statement had not disclosed the information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, or that it contained any material misstatement. They stated that they had not performed an audit and did not express an audit opinion.

The report carried an Emphasis of Matter stating that the company has recorded the cost of the investment at cost of acquisition of unlisted equity shares and had not determined the fair value as required by IND AS 109. It also stated that debit and credit balances of assets and liabilities are subject to confirmations from the parties, and drew attention to other current liabilities including outstanding balances of Tax Deducted at Source (TDS) payable that had remained unpaid since the beginning of the current financial year. The auditors said their opinion is not modified in respect of the above stated matters.

How did other Trading & Distributors companies do?

Twenty-five other Trading & Distributors companies have filed for this quarter. Their median revenue growth was 46.8%, and 20 of the 36 companies for which profit was compared reported higher profit.

The peers data records 20 companies with profit up out of 36 compared for profit, with a peer revenue growth median of 46.8% as on 4 November 2026. The peer set reported here covers the other Trading & Distributors companies that have filed for the quarter.