Cosmo Ferrites Limited , a leading manufacturer of soft ferrite cores, has reported a significant increase in revenue and EBITDA for the first quarter of fiscal year 2026. The company's performance was bolstered by increased volumes and realization in both domestic and export markets, as well as a recent regulatory development favoring domestic producers.

Financial Highlights

For the quarter ended June 30, 2025, Cosmo Ferrites reported:

The company's revenue from operations increased by 20.30% year-over-year, while EBITDA saw a substantial rise of 347.80%. Notably, Cosmo Ferrites turned profitable in Q1 FY26, reporting a PAT of ₹5.00 lakhs compared to a loss in the same quarter last year.

Anti-Dumping Duty on Chinese Imports

In a significant development for the domestic soft ferrite industry, the Central Government has imposed an anti-dumping duty of up to 35% on imports of soft ferrite cores originating from China. This measure, announced through Gazette Notification no. 04/2025-CUSTOM(ADD) dated March 18, 2025, will be effective for five years.

Mr. Ambrish Jaipuria, Chairman of Cosmo Ferrites Ltd., commented on the company's performance and the recent regulatory development: "While Q1 FY26 presented growth in both revenue and EBITDA, the best is yet to come due to the holding of previously imported stock from China at pre-anti-dumping duty prices by importers. We believe that in the coming quarter(s), this will positively impact our domestic business by enabling higher capacity utilization and improved operating margins."

Strategic Initiatives

Cosmo Ferrites has initiated steps towards automation, with most of the automated machinery for press operations already received. These efforts are expected to reduce overall process rejections and manpower costs, potentially leading to further improvements in revenue and EBITDA margins in FY26 and beyond.

Expanding Product Portfolio

The company has entered the Ni-Zn products market, adding 10 new customers last year and 2 more in the last quarter across domestic and export markets. This expansion into new product lines demonstrates Cosmo Ferrites' commitment to diversification and growth.

Manufacturing Capabilities

Cosmo Ferrites operates with manufacturing capacities of 3,600 tons for ferrites powder and 3,900 tons for ferrites components. The company serves both domestic (54%) and export (46%) markets, with a presence in Europe, USA, UK, and other countries.

Future Outlook

With the implementation of the anti-dumping duty and ongoing automation efforts, Cosmo Ferrites is poised for potential growth in the coming quarters. The company's strategic focus on high-end applications, including the installation of a Top Hat Kiln for high permeability ferrite cores, positions it well to meet growing customer demands in specialized markets.

As the electronics industry continues to evolve, with trends such as electric vehicles, renewable energy, and 5G technology driving demand for soft ferrites, Cosmo Ferrites appears well-positioned to capitalize on these opportunities in both domestic and international markets.

Cosmo Ferrites Limited , a leading manufacturer of soft ferrite cores, has reported a significant upturn in its financial performance for the first quarter. The company's latest investor presentation and financial results reveal substantial growth in both revenue and EBITDA, driven by increased volumes and improved realization in domestic and export markets.

Financial Highlights

The company's unaudited standalone financial results for Q1 show:

The company has shown a remarkable turnaround, moving from a loss in Q1 FY25 to a profit in Q1 FY26.

Anti-Dumping Duty Boost

A significant development for Cosmo Ferrites is the recent imposition of an anti-dumping duty on soft ferrite core imports from China. The Central Government, through a Gazette Notification dated March 18, 2025, has imposed a duty of up to 35% on these imports, effective for five years. This move comes in response to Cosmo Ferrites' request for an investigation into unfair trade practices.

Market Presence and Capacity

Cosmo Ferrites operates with substantial manufacturing capacities:

• Ferrites Powder: 3,600 Tons
• Ferrites Components: 3,900 Tons

The company serves both domestic (54%) and export (46%) markets, with a presence in Europe, USA, UK, and other countries.

Product Expansion and Customer Acquisition

The company has expanded its product portfolio to include Ni-Zn ferrites, adding 10 new customers in the previous year and 2 more in Q4. This diversification into Ni-Zn products complements its existing Mn-Zn based soft ferrite cores used in the power electronics industry.

Future Outlook

Mr. Ambrish Jaipuria, Chairman of Cosmo Ferrites Ltd., commented on the company's performance: "While Q1 FY26 presented growth in both revenue and EBITDA, the best is yet to come due to the holding of previously imported stock from China at pre-anti-dumping duty prices by importers. We believe that in the coming quarter(s), this will positively impact our domestic business by enabling higher capacity utilization and improved operating margins."

The company has initiated automation efforts in its press operations, which are expected to reduce process rejections and manpower costs. These initiatives, combined with the anti-dumping duty, are anticipated to further improve revenue and EBITDA margins in FY26 and beyond.

Cosmo Ferrites is also focusing on high-end applications with the installation of a Top Hat Kiln, which is expected to meet growing customer demands for high permeability ferrite cores with an additional capacity of 25 tons per month.

As the electronics industry continues to evolve, with trends such as electric vehicles, renewable energy, and 5G technology driving demand, Cosmo Ferrites appears well-positioned to capitalize on these opportunities in the soft ferrites market.