Cochin Malabar Estates & Industries News

Cochin Malabar Estates Reports Net Loss Despite Maintaining Going Concern Status

The Cochin Malabar Estates and Industries Limited reported a net loss of ₹10.89 lakhs for the quarter ended September 30, 2025, compared to a loss of ₹14.72 lakhs in the previous quarter. For the six-month period, the company recorded a net loss of ₹25.61 lakhs versus ₹27.03 lakhs in the same period last year. The company generated other income of ₹137.64 lakhs during the quarter with no revenue from operations. Total expenses for the quarter were ₹12.53 lakhs, including finance costs of ₹9.60 lakhs. The company's net worth has been fully eroded, with current liabilities exceeding current assets. However, management maintains going concern status based on development plans for land assets in Goa. Cash and cash equivalents decreased to ₹15.64 lakhs from ₹46.51 lakhs. The auditors noted the uncertainty about the company's ability to continue as a going concern due to the eroded net worth condition.

Cochin Malabar Estates Reports Net Loss of ₹56.26 Lakh in Q1 Despite Revenue of ₹137.44 Lakh

Cochin Malabar Estates and Industries Ltd reported quarterly results with revenue from operations of ₹137.44 lakh and total income of ₹137.64 lakh. The company posted a net loss of ₹56.26 lakh for the quarter, resulting in basic and diluted earnings per share of ₹(0.93) and ₹(0.61) respectively. Total expenses amounted to ₹116.86 lakh, including employee benefits expense of ₹0.38 lakh, finance costs of ₹9.25 lakh, depreciation of ₹0.66 lakh, and other expenses of ₹8.86 lakh. The company's net worth has been fully eroded, though management maintains going concern status citing development of land assets in Goa and future business plans. The Board of Directors approved these results at their meeting held on August 1, 2025.