Cosmo Ferrites Ltd

Business overview

• Leading Mn-Zn soft ferrite cores manufacturer for power electronics.
• Domestic market ~70% of revenue; exports ~30%.
• Strategic focus on EV and solar segments; indigenization push.

Operational highlights

• Q1 FY27 revenue 2,898 Lakhs; PBT 132 Lakhs; PAT 99 Lakhs.
• Volumes grew on higher realizations; margin improved, despite costs.
• New powders developed for EV, automotive, telecom, solar segments.
• Top Hat Kiln to add 25 tons/month capacity; focus on high-end ferrites.
• NiZn ferrites portfolio expanded to 12 customers; orders after pilots.
• ACT section shifted to rented premises to address space constraints.
• 35% anti-dumping duty on imports effective 18 Mar 2025 supporting domestic suppliers.
• Automation investments enhance efficiency and product quality.

Financial performance

• Q1 FY27 revenue: 2,898 Lakhs; Q1 FY26: 2,719 Lakhs.
• PBT: 132 Lakhs; PAT: 99 Lakhs.
• FY26 full-year revenue: 9,859 Lakhs; PAT: -158 Lakhs.
• EBITDA margins improved in Q1 FY27; exact EBITDA not disclosed.

Capital structure & liquidity

• No capital actions or liquidity updates disclosed in this update.

Strategic priorities & outlook

• Expand EV and solar demand through capacity expansions and new kiln capacity.
• Leverage 35% anti-dumping duty to benefit domestic supply chain.
• Grow NiZn ferrites portfolio; target larger orders from new customers.
• Increase automation and R&D to boost quality and energy efficiency.
• R&D: develop sendust cores for EV and solar applications.
• Explore coil/transformer opportunities; ACT section relocation to leased premises.

Governance & leadership

• Board independence ~66%; Independent Audit Committee in place.
• Chairman: Mr. Ambrish Jaipuria; Group CEO: Mr. Pankaj Poddar.
• Group CFO: Mr. Neeraj Jain; CFO & Business Head: Mr. Sanjay Gupta.

Financial highlights

• Q1 FY27 revenue from operations: 2,898 Lakhs; EBITDA: 374; PBT: 132; PAT: 99.
• Quarter ended 30.06.2026 revenue rose to 2,898 from 2,719 in prior quarter.
• EBITDA margin improved despite higher raw material and logistics costs.
• New customer added; export volumes increased; market expansion supports growth.
• Powder development commercialized for EV, automotive, telecom, and solar segments.
• Outlook: focus on EV magnetics; sustain operational excellence and market penetration.

Financial results and auditor

• Unaudited standalone results for quarter ended 30 June 2026 approved by Board after Audit Committee review.
• Total revenue: 2,976 lakh; revenue from operations: 2,898 lakh.
• Profit after tax: 99 lakh; basic EPS: Rs 0.83.
• Deferred tax expense: 33 lakh; total tax expense: 33 lakh.
• Promoter's unsecured loan interest waived: 88 lakh (Oct 2025–Mar 2026) and 44 lakh (Apr–Jun 2026) conditionally.
• Auditor's review: limited scope; no material misstatement; opinion not expressed.
• Quarterly results include balancing figure for March 31, 2026.
• Standalone results approved; no consolidated results disclosed.

Meeting Details

• Board meeting scheduled for Monday, 10 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

• Intimation dated 31 July 2026 informs web-link access to FY2025-26 Annual Report.
• AGM 40th to be held Aug 26, 2026 at 3:00 PM IST via VC/OAVM.
• Shareholders without registered emails will receive web-link and access path.
• Electronic copy of AGM Notice and Annual Report already sent to registered email holders.
• KYC updation requested to enable future email communications.

Financial performance

• Revenue from operations Rs 9,858.7 lakh; up from Rs 8,565.9 lakh.
• EBITDA Rs 902.1 lakh; prior year Rs 394.0 lakh.
• PBT Rs -203.5 lakh; PAT Rs -158.5 lakh; Deferred tax Rs -45.0 lakh.
• Dividend not declared; Basic EPS Rs -1.32.
• Net cash from operations Rs 1,194.31 lakh; Loss narrowed year-on-year.

Operations & markets

• Capacity: Ferrite powder 3,900 tonnes; ferrite components 3,600 tonnes.
• Domestic market 73%; exports 27%.
• Major customers include Dixon Technologies, Havells, Bosch, ABB, OSRAM.
• In-house R&D capabilities: XRF, BET, XRD, SEM, particle size, impedance analyser.

Dividend & capital allocation

• Equity capital Rs 12.03 crore; preference shares redeemed; outstanding preference nil.
• Dividend for 2025-26 not declared.
• Reserves: no transfer to reserve during year.

Debt & liquidity

• Short-term borrowings Rs 5,504.43 lakh; long-term borrowings Rs 1,365.96 lakh.
• Net cash from operations Rs 1,194.31 lakh; financing cash flow Rs (837.32) lakh.
• Dematerialised shares 97.84% at year-end.

Governance & compliance

• Board size six; one executive, four independent directors.
• KMP changes: Niharika Gupta ceased; Priyanka appointed as Company Secretary.
• Auditors: Statutory Suresh Kumar Mittal; Secretarial DMK Associates; Cost Ravi Sahni & Co.
• RPTs: arm's-length; policy on company website.

Energy & sustainability

• Solar generation 517,395 kWh; net energy saving Rs 31.56 lakh.
• Contract demand revised to 2,190 KVA; energy saving Rs 26.91 lakh.

AGM Details

• Fortieth AGM on 26 August 2026 at 3:00 PM IST via VC/OAVM.
• Mode: VC/OAVM; meeting conducted remotely.
• Remote e-voting cut-off: 19 August 2026; remote voting window: 23 August to 25 August 2026.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Pankaj Poddar as Director, retiring by rotation.
• Special: Re-appoint Dr. Himalyani Gupta as Independent Director for second five-year term to May 2032.
• Special: Approve minimum remuneration to managerial personnel in no/adequate profit for 3 financial years from 1 April 2026.
• Ordinary: Approve remuneration to Cost Auditors for FY 2026-27.

Auditors

• Cost Auditors Ravi Sahni & Co. for FY 2026-27; remuneration ₹1.65 lakhs plus taxes.

Voting Status

• Voting outcomes are not disclosed in this notice.

Dematerialisation processing and listing

• Securities received for dematerialisation were mutilated, cancelled after verification, with the depository substituted as registered owner.
• Securities dematerialised are listed on stock exchanges where the original securities are listed.
• Confirmation of dematerialisation actions received from the registrar and transfer agent.

Cosmo Ferrites Limited – Trading Window closed from July 01, 2026 till the expiry of 48 hours after the Financial Results of the Company for the quarter ended June 30, 2026 becomes generally available information