Cochin Minerals & Rutile Limited has announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, showing a decline in both revenue and profitability compared to the previous year. The Kerala-based minerals and rutile company, operating as a 100% Export Oriented Unit (EOU), reported mixed performance across key financial metrics.

Financial Performance Overview

The company's quarterly performance reflected challenging market conditions with revenue from operations declining year-on-year. Net profit margins also compressed significantly during the reporting period.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025 showed similar trends with revenue and profitability under pressure compared to the corresponding period in the previous year.

Operational Metrics and Expenses

The company's cost structure showed mixed movements during Q3FY26. Cost of materials consumed increased to ₹4334.63 lakhs from ₹3841.91 lakhs in Q3FY24. However, the company benefited from favorable inventory changes, recording a positive impact of ₹1790.55 lakhs compared to ₹1080.06 lakhs in the previous year quarter.

Employee benefits expense rose significantly to ₹914.53 lakhs from ₹701.05 lakhs year-on-year, while other expenses remained relatively stable at ₹2302.88 lakhs versus ₹2380.45 lakhs in Q3FY24.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the extract of unaudited standalone financial results in newspapers on February 6, 2026. The results were published in Financial Express (English) and Kerala Kaumudi (Malayalam), ensuring compliance with regulatory disclosure requirements.

Corporate Governance Updates

During the Board meeting held on February 5, 2026, the company addressed several governance matters. The Board considered the nomination of Shri Rajesh Jacob, Deputy General Manager & CCO, as new Nominee Director of KSIDC, replacing Shri Hari Krishnan R. However, the appointment could not proceed as Mr. Rajesh Jacob cited constraints and did not provide statutory consent.

The Board approved reconstitution of the Stakeholder Relationship Committee, reducing membership to three members effective February 5, 2026: Mr. Yogindunath S as Chairman, Mr. Mathew M Cherian as Member, and Mr. Nabiell Mathew Cherian as Member.

Tax and Comprehensive Income

Current tax expense for Q3FY26 was ₹179.05 lakhs compared to ₹311.22 lakhs in Q3FY24. The company reported total comprehensive income of ₹306.25 lakhs for the quarter, including other comprehensive income of ₹7.94 lakhs. The paid-up equity share capital remained unchanged at ₹783.00 lakhs with a face value of ₹10 per share.

Cochin minerals & rutile has received a regulatory disclosure from Counter Cyclical Investments Private Limited regarding a substantial acquisition of shares. The portfolio manager has increased its shareholding in the Kerala-based minerals company through an open market purchase.

Share Acquisition Details

Counter Cyclical Investments Private Limited, acting as a portfolio manager through its clients, acquired 9,019 shares of Cochin Minerals and Rutile Ltd on February 2, 2026. The acquisition was executed through open market transactions and represents a 0.12% increase in shareholding.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Counter Cyclical Investments Private Limited filed the mandatory disclosure on February 3, 2026, one day after the acquisition.

Company Information

Counter Cyclical Investments Private Limited is registered in Nagpur, Maharashtra, with CIN U65999PN2018PTC175591. The company operates as a portfolio manager and made this acquisition through its client portfolios. The disclosure was signed by Director Parminder Pal Singh Bhatia (DIN: 07159378).

Cochin Minerals and Rutile Ltd is listed on BSE Limited and has a total equity share capital of 7,830,000 shares. The company's registered office is located in Alwaye, Ernakulam, Kerala. The acquisition does not involve any encumbrances, warrants, or convertible securities, representing a straightforward equity share purchase in the open market.