Cosmo Ferrites Ltd

Cosmo Ferrites Limited: Trading window closed from Oct 01, 2026 until 48 hours after the financial results for the quarter ended September 30, 2026 become generally available

AGM Details

• Date/time/mode: Aug 26, 2026, 03:00 PM, via Video Conferencing.
• Record date for voting: 19 Aug 2026.
• Remote e-voting window: Aug 23–25, 2026.
• Scrutinizer: Monika Kohli of DMK Associates.

Resolutions and outcomes

• Resolution 1: Adopt audited financial statements; passed with 7,955,400 votes.
• Resolution 2: Re-appoint Poddar; passed with 7,955,400 votes.
• Resolution 3: Re-appoint Dr. Himalyani Gupta as Independent Director; passed with 7,955,400 votes.
• Resolution 4: Approve managerial remuneration in no profit or inadequate profit; passed with 7,955,400 votes.
• Resolution 5: Remuneration to Cost Auditors for FY 2026-27; passed with 7,955,400 votes.

Director Changes

• Dr Himalyani Gupta re-appointed as Independent Director.
• Mr. Pankaj Poddar re-appointed; liable to rotation.

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.