Chennai Ferrous Industries Reports 33.9% Profit Growth Despite Revenue Dip

1 min read     Updated on 16 Aug 2025, 10:50 PM
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Overview

Chennai Ferrous Industries Limited's Q1 financial results show a 6.2% decrease in total income to Rs. 69.45 crores, but a 33.9% increase in net profit to Rs. 2.33 crores compared to the same quarter last year. The company's net profit margin improved to 3.35% from 2.35%, and EPS rose to Rs. 6.46 from Rs. 4.82. However, quarter-on-quarter performance saw a significant decline with revenue dropping 69.1% and net profit falling 41.9%. The Board of Directors approved these unaudited results on August 14.

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*this image is generated using AI for illustrative purposes only.

Chennai Ferrous Industries Limited has released its financial results for the first quarter, showcasing a mixed performance with improved profitability despite a decline in revenue.

Revenue and Profit Analysis

The company reported a total income of Rs. 69.45 crores, marking a 6.2% decrease from Rs. 74.08 crores in the same quarter last year. Despite the revenue decline, Chennai Ferrous Industries managed to boost its net profit by 33.9%, reaching Rs. 2.33 crores compared to Rs. 1.74 crores in the corresponding quarter of the previous year.

Improved Profitability Metrics

The company's performance showed significant improvement in profitability metrics:

  • Net profit margin increased to 3.35% from 2.35% year-over-year
  • Earnings per share (EPS) rose to Rs. 6.46 from Rs. 4.82 in the corresponding quarter

Quarter-on-Quarter Comparison

When compared to the previous quarter, the company experienced a more pronounced decline:

  • Revenue dropped 69.1% from Rs. 224.57 crores
  • Net profit fell 41.9% from Rs. 4.01 crores

Financial Results Overview

Particulars Q1 Current Q1 Previous YoY Change
Total Income Rs. 69.45 cr Rs. 74.08 cr -6.2%
Net Profit Rs. 2.33 cr Rs. 1.74 cr +33.9%
Net Profit Margin 3.35% 2.35% +100 bps
EPS Rs. 6.46 Rs. 4.82 +33.9%

Board Approval and Disclosure

The Board of Directors approved these unaudited financial results on August 14. In compliance with regulatory requirements, the company has published the results in one English language national daily and one daily newspaper in the regional language.

Chennai Ferrous Industries continues to navigate market challenges while focusing on improving its profitability. The significant increase in net profit margin and earnings per share indicates effective cost management and operational efficiency, despite the decrease in revenue. Investors and stakeholders will be watching closely to see if the company can maintain this improved profitability in the coming quarters while addressing the revenue decline.

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Munoth Financial Services Announces Major Board Restructuring

2 min read     Updated on 15 Aug 2025, 12:31 AM
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Radhika SahaniScanX News Team
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Overview

Munoth Financial Services Limited (MFSL) has made significant changes to its Board of Directors. Bharat Munoth appointed as Whole-time Director for five years, Jaswant Munoth reappointed as Managing Director for three years, and C R Sasi joins as Non-Executive Independent Director. The company also reported Q1 FY2026 financial results with revenue from operations at ₹14.96 crore and a net loss of ₹7.63 crore.

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Munoth Financial Services Limited (MFSL) has announced significant changes to its Board of Directors, signaling a strategic restructuring of its leadership team. The company's Board approved multiple high-level appointments during a meeting held on August 14, subject to shareholder approval at the upcoming Annual General Meeting.

Key Appointments and Reappointments

Bharat Munoth Appointed as Whole-time Director

Bharat Munoth, aged 55, has been appointed as a Whole-time Director for a five-year term. With a commerce background, Munoth brings extensive experience in finance and investments to his new role. He has been serving as a director of the company since 1992, demonstrating a long-standing commitment to MFSL.

Jaswant Munoth Reappointed as Managing Director

The Board has reappointed Jaswant Munoth, 60, as Managing Director for a three-year term effective June 20. Jaswant Munoth, who holds an MBA, has been at the helm of MFSL since its inception in 1990. His 36 years of experience in capital markets have been instrumental in steering the company through various market conditions.

C R Sasi Joins as Non-Executive Independent Director

C R Sasi, 84, has been appointed as a Non-Executive Independent Director. Sasi, a Chartered Engineer with qualifications from the Indian Engineering Service, brings 50 years of professional experience to the board. His expertise spans various innovative projects and leadership roles in professional engineering societies.

Leadership Experience and Shareholding

Jaswant Munoth's leadership has been particularly noteworthy in the company's Merchant Banking division, which has successfully lead-managed 47 Initial Public Offerings (IPOs) under his guidance. Additionally, he has collaborated with other leading merchant bankers on 65 other IPOs in various capacities.

The appointments also reveal significant shareholding by the Munoth family in the company. Bharat Munoth holds 717,900 shares, while Jaswant Munoth owns 836,100 shares in MFSL.

Family Ties and Board Composition

Bharat and Jaswant Munoth are brothers and sons of Lalchand Munoth, indicating a strong family presence in the company's leadership. The board changes aim to leverage the family's long-standing experience while also bringing in external expertise through the appointment of C R Sasi as an independent director.

Additional Board Changes

In a separate announcement, MFSL informed that Shakthivelmurugan Masagounder completed his term as an Independent Director on August 13.

Financial Performance

The company also released its unaudited financial results for the quarter ended June 30. Key highlights include:

  • Revenue from operations: ₹14.96 crore
  • Total income: ₹14.98 crore
  • Net loss: ₹7.63 crore
  • Earnings per share: -₹0.15
Particulars (in ₹ crore) Q1 FY2026 (Unaudited) Q4 FY2025 (Audited) Q1 FY2025 (Unaudited)
Revenue from Operations 14.96 9.26 13.72
Total Income 14.98 -9.77 13.75
Total Expenses 22.61 24.83 17.70
Net Profit/(Loss) -7.63 -43.26 -3.97

These board changes and financial results come at a crucial time for Munoth Financial Services Limited as it navigates the dynamic financial services landscape. The mix of experienced family leadership and fresh independent perspective aims to position the company for future growth and improved performance.

Historical Stock Returns for Munoth Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-4.99%-4.99%+11.38%+15.93%+2.01%+339.00%
Munoth Financial Services
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