Indo Cotspin Limited has released its unaudited financial results for the second quarter ended September 30, 2025, showcasing a mixed performance with revenue growth but a decline in profitability.

Key Financial Highlights

All financial figures in Rs. lakhs, except for EPS

Revenue Growth

Indo Cotspin Limited reported a significant year-on-year increase in revenue from operations for Q2 FY2026. The company's revenue stood at Rs. 659.86 lakhs, marking a 20.19% growth compared to Rs. 549.01 lakhs in the same quarter of the previous fiscal year.

Profit Decline

Despite the revenue growth, the company experienced a substantial decrease in profitability. The profit after tax for Q2 FY2026 was Rs. 12.90 lakhs, a 77% decline from Rs. 56.08 lakhs reported in Q2 FY2025.

Half-Yearly Performance

For the six-month period ending September 30, 2025, Indo Cotspin Limited's revenue from operations reached Rs. 850.94 lakhs, showing a marginal increase from Rs. 832.93 lakhs in the corresponding period of the previous year.

Capital Structure

The company's paid-up equity share capital remains unchanged at Rs. 714.08 lakhs, with shares having a face value of Rs. 10 each.

Board Approval and Audit Review

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors in their meeting held on October 27, 2025. The meeting commenced at 3:00 PM and concluded at 3:40 PM.

Conclusion

While Indo Cotspin Limited has shown strong top-line growth in Q2 FY2026, the significant decline in profitability may raise concerns among investors. Shareholders and market analysts may look for further explanations from the management regarding the factors contributing to the profit decline despite revenue growth.

Indo Cotspin has issued an important clarification regarding recent media reports about The Pierre hotel in New York City. The company has addressed speculation and misconceptions surrounding the ownership of this iconic property.

Ownership Clarification

IHCL, which operates the renowned Taj brand of hotels, has explicitly stated that Taj does not own The Pierre hotel. This announcement comes in response to various media reports that may have suggested otherwise, leading to potential confusion among investors and the public.

Business as Usual

In addition to clarifying the ownership status, IHCL has confirmed that operations at The Pierre hotel continue to run normally. This assurance is likely aimed at dispelling any concerns about potential disruptions to the hotel's services or guest experiences.

Implications for IHCL

While IHCL does not own The Pierre, the company's decision to issue this clarification demonstrates its commitment to transparency and accurate information dissemination. For investors and stakeholders in IHCL, this news provides clarity on the company's asset portfolio and its relationship with The Pierre hotel.

The Pierre, a luxury hotel located on Fifth Avenue in Manhattan, has long been associated with the Taj brand. Despite not owning the property, Taj's involvement in its operations has been a significant aspect of the hotel's identity in recent years.

This clarification from IHCL serves as a reminder of the complex nature of hotel management and ownership structures in the global hospitality industry. It also highlights the importance of clear communication from companies to address any misunderstandings that may arise from media reports.