Cochin Minerals FY26 profit falls 47% to ₹1,250.60 crore
Cochin Minerals and Rutile Limited reported a 46.9% decline in net profit to ₹1,250.60 crore for FY26, driven by exceptional items including a ₹5.05 crore impairment. The board recommended a final dividend of ₹8 per share and appointed a new nominee director.
*this image is generated using AI for illustrative purposes only.
Cochin Minerals and Rutile Limited reported a 46.9% decline in net profit to ₹1,250.60 crore for the financial year ended March 31, 2026, compared to ₹2,355.91 crore in the previous year. The decline in annual profitability was primarily driven by an exceptional item of ₹505.20 crore. The company impaired capital work in progress amounting to ₹5.05 crores for a metallisation project that has been long suspended due to a short supply of ilmenite. The recoverable value of this project is considered negligible, and the impairment was recognized in compliance with Ind AS 36.
The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 28, 2026. The company's revenue from operations for the year stood at ₹28,718.59 crore, a decrease from ₹31,601.72 crore in FY25.
Financial Performance
For the quarter ended March 31, 2026, the company reported a profit of ₹330.75 crore, a significant drop from ₹552.18 crore in the same period of the previous year. Revenue for the quarter increased to ₹8,554.05 crore from ₹7,540.87 crore in the corresponding quarter of the previous year.
| Metric | FY26 (₹ in lakhs) | FY25 (₹ in lakhs) | Change |
|---|---|---|---|
| Revenue from Operations | 28,718.59 | 31,601.72 | Decrease |
| Total Income | 29,718.90 | 32,741.02 | Decrease |
| Profit for the period | 1,250.60 | 2,355.91 | Decrease |
| Exceptional Items | 505.20 | - | Increase |
Dividend and Board Decisions
The board of directors recommended a final dividend of 80%, or ₹8 per equity share of ₹10 each, subject to the approval of shareholders at the ensuing Annual General Meeting. Additionally, the board appointed Mr. Rajesh Jacob as a Nominee Director with effect from May 28, 2026, and approved the continuation of Mr. Mathew M Cherian as a Non-Executive Director beyond the age of 75 years. Both appointments are subject to shareholder approval.
Auditor's Report
The statutory auditors, M/s. Saghesh Kumar & Associates, issued an audit report with an unmodified opinion for the financial year ended March 31, 2026. The auditors affirmed that the financial results give a true and fair view in conformity with the Indian Accounting Standards. The company confirmed that the newly appointed directors are not debarred from holding office by any order of SEBI or other authorities.
Historical Stock Returns for Cochin Minerals & Rutile
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.08% | -0.08% | -10.79% | -3.76% | -15.79% | +82.52% |
What strategies will management implement to reverse the downward trend in annual revenue from operations?
Does the impairment of the metallisation project signal a permanent exit from this business vertical?
How will the company address the short supply of ilmenite to prevent future project suspensions?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
