Cochin Minerals & Rutile Reports Decline in Q1 Financial Performance
Cochin Minerals & Rutile's Q1 FY2026 results show a decline in financial performance. Revenue from operations decreased by 14.95% to Rs. 7,513.82 lakhs, while net profit fell by 45.10% to Rs. 326.66 lakhs compared to Q1 FY2025. Total income reduced by 12.79% to Rs. 7,756.90 lakhs. The company's EPS decreased from Rs. 7.60 to Rs. 4.17. Despite challenges, Cochin Minerals & Rutile maintains its Three Star Export House status and eco-friendly approach in the mineral industry.
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Cochin Minerals & Rutile , a leading player in the mineral industry, has released its unaudited financial results for the first quarter ended June 30. The company's performance shows a decline in revenue and profitability compared to the same period last year.
Financial Highlights
| Particulars (Rs. in lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 7,513.82 | 8,834.50 | -14.95% |
| Total Income | 7,756.90 | 8,894.65 | -12.79% |
| Net Profit | 326.66 | 594.98 | -45.10% |
| Basic EPS (Rs.) | 4.17 | 7.60 | -45.13% |
Revenue and Profitability
Cochin Minerals & Rutile reported a revenue from operations of Rs. 7,513.82 lakhs for the quarter, marking a 14.95% decrease from Rs. 8,834.50 lakhs in the corresponding quarter of the previous year. The total income for the quarter stood at Rs. 7,756.90 lakhs, down by 12.79% from Rs. 8,894.65 lakhs year-over-year.
The company's net profit saw a significant decline of 45.10%, dropping to Rs. 326.66 lakhs from Rs. 594.98 lakhs in the same quarter last year. This reduction in profitability is reflected in the basic earnings per share (EPS), which decreased to Rs. 4.17 from Rs. 7.60 in the previous year's quarter, representing a 45.13% decline.
Operational Performance
The cost of materials consumed for the quarter was Rs. 2,680.13 lakhs, while employee benefits expense stood at Rs. 815.37 lakhs. Other expenses amounted to Rs. 2,380.56 lakhs, contributing to the total expenses of Rs. 7,249.48 lakhs for the quarter.
Board Approval and Audit Review
The unaudited financial results were approved by the company's Board of Directors at a meeting held on August 8. The meeting commenced at 2:30 PM and concluded at 3:45 PM. These results have undergone a limited review by the company's auditors, Saghesh Kumar & Associates, Chartered Accountants, who have not expressed any material misstatement in their report.
Segment Reporting and Accounting Standards
Cochin Minerals & Rutile operates in a single business segment, and therefore, segmental reporting is not applicable. The company has prepared its financial results in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
Despite the challenging quarter, Cochin Minerals & Rutile continues to maintain its status as a Three Star Export House and remains committed to its eco-friendly approach in the mineral industry.
Historical Stock Returns for Cochin Minerals & Rutile
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.19% | -0.46% | -2.06% | +10.71% | -10.70% | +114.50% |
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