Cosyn FY26 net profit falls 30% to ₹11.18 lakh
Cosyn Limited reported a 30% decline in consolidated net profit to ₹11.18 lakh for FY26, with revenue from operations falling 26.5% to ₹1,087.86 lakh. The Board approved the audited financial results and appointed Ms. Madhuri Muddana as an Additional Director and Independent Director for three years effective May 26, 2026. The company operates as a single IT segment and includes subsidiaries Cosyn LLC and WelltoDesk Inc in its consolidated results.
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Cosyn Limited reported a 30% decline in consolidated net profit to ₹11.18 lakh for the financial year ended March 31, 2026, down from ₹15.94 lakh in the previous year. Revenue from operations fell 26.5% to ₹1,087.86 lakh from ₹1,480.55 lakh in FY25, primarily due to a decrease in other income. The company's Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026.
Financial Performance
The decline in profitability was driven by a significant drop in other income, which fell to ₹31.59 lakh in FY26 from ₹217.66 lakh in the prior year. Total income for the year stood at ₹1,119.45 lakh, a decrease from ₹1,698.21 lakh in FY25. Total expenses reduced to ₹1,101.63 lakh from ₹1,657.00 lakh in the same period. For the quarter ended March 31, 2026, the company reported a net profit of ₹2.56 lakh on a total income of ₹178.14 lakh.
| Metric | FY26 (₹ in lakhs) | FY25 (₹ in lakhs) |
|---|---|---|
| Revenue from Operations | 1,087.86 | 1,480.55 |
| Other Income | 31.59 | 217.66 |
| Total Income | 1,119.45 | 1,698.21 |
| Total Expenses | 1,101.63 | 1,657.00 |
| Net Profit for the Period | 11.18 | 15.94 |
| Earnings Per Share (Basic) | 0.15 | 0.21 |
Board Decisions and Appointments
During the meeting, the Board re-appointed M/s. Vittal & Co, Chartered Accountants, as Internal Auditors for FY 2026-27 based on the recommendation of the Audit Committee. Additionally, the Board approved the appointment of Ms. Madhuri Muddana as an Additional Director and Independent Director effective May 26, 2026, for a period of three years, following the recommendation of the Nomination and Remuneration Committee. Ms. Madhuri Muddana is a Fellow Chartered Accountant (FCA) with over 25 years of experience in public practice and meets the independence criteria prescribed under Section 149(6) of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015.
Auditor's Report and Segment Information
M/s. Suryanarayana & Suresh, Statutory Auditors, issued an unmodified opinion on the audited standalone and consolidated financial results. The company operates as a single business segment providing Information Technology Services under Ind AS 108. The consolidated results include the financials of subsidiaries Cosyn LLC and WelltoDesk Inc, which reported a total net loss of ₹0.067 lakh for the year ended March 31, 2026.
Historical Stock Returns for COSYN
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.39% | -5.45% | -11.64% | -13.40% | -27.85% | -8.73% |
What strategies will Cosyn Limited implement to stabilize and recover the significant drop in other income?
How will the appointment of Ms. Madhuri Muddana as Independent Director influence the company's governance and future financial performance?
Are there specific operational challenges in the IT services segment that contributed to the decline in revenue, and how does the company plan to address them?
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