Cochin Malabar Estates Reports Profit of ₹128.10 Lakh in Q1, Announces AGM Date
By ScanX News Team
Cochin Malabar Estates and Industries Ltd reported a net profit of ₹128.10 lakh for Q2 2025, up from ₹49.92 lakh in the previous year. Revenue from operations was ₹137.44 lakh. The company announced its 95th AGM for August 28, 2025, via video conferencing. Despite fully eroded net worth, the Board maintains going concern status based on ongoing land development in Goa and future plans. Auditors highlighted concerns about the company's financial position.
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Cochin Malabar Estates and Industries Ltd has reported a net profit of ₹128.10 lakh for the quarter ended June 30, 2025, compared to a profit of ₹49.92 lakh in the same period last year. The company's revenue from operations stood at ₹137.44 lakh, with a total income of ₹137.64 lakh for the quarter.
Financial Highlights
- Revenue from operations: ₹137.44 lakh
- Total income: ₹137.64 lakh
- Net profit: ₹128.10 lakh
- Earnings per share: ₹7.23 (basic and diluted)
The company's total expenses for the quarter amounted to ₹116.86 lakh, including employee benefits expense of ₹0.38 lakh, finance costs of ₹9.25 lakh, depreciation of ₹0.66 lakh, and other expenses of ₹8.86 lakh.
Annual General Meeting Announcement
Cochin Malabar Estates and Industries Ltd has announced that its 95th Annual General Meeting (AGM) will be held on Thursday, August 28, 2025, at 11:30 A.M. through Video Conferencing/Other Audio Visual Means. Key points from the AGM notice include:
- Adoption of audited financial statements for the year ended March 31, 2025
- Appointment of Mr. Chandra Prakash Sharma as a director liable to retire by rotation
- Appointment of Mrs. Komal Bhotika as an Independent Director for a term of 5 consecutive years
Board's Statement on Company's Status
The Board of Directors noted that while the company's net worth has been fully eroded, they maintain the going concern status. This decision is based on the ongoing development of land assets in Goa and future business plans.
Auditor's Observations
The company's auditors, Singhi & Co, have drawn attention to the fact that the company's net worth is fully eroded and its current liabilities exceed current assets. However, the financial statements have been prepared on a going concern basis, with the appropriateness dependent on the company's ability to:
- Repay obligations through utilization of property, plant and equipment
- Generate regular income
- Resume normal operations
Investors and shareholders are advised to review the full financial results and AGM notice for more detailed information on the company's performance and future plans.
Historical Stock Returns for Cochin Malabar Estates
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.51% | -7.49% | -10.54% | -11.19% | -13.26% | +187.51% |
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