Indo Cotspin538838Quarterly results

Board approves unaudited Q2 and H1 results; auditors' limited review unqualified

Indo Cotspin's board met on 17 October 2026 (11 A.M. to 12:30 P.M.) and approved the unaudited standalone results for the quarter and half year ended 30.09.2026.

By ScoutQuest · Sat 17 Oct 2026, 12:43 PM IST · 3 min read

₹242.42 lakh-63.3%

2025₹659.94 lakh2026₹242.42 lakh

Revenue from operations, quarter ended 30.09. (standalone: ₹659.94 lakh (2025) and ₹242.42 lakh (2026).

Revenue from operations: 242.42 vs 659.94 a year earlier (Rs. lakh, standalone)
Profit for the period: 9.02 vs 0.82 (Rs. lakh, standalone)
Limited review report: unqualified, Manish Jain & Associates

What the board approved

Indo Cotspin's board met on 17 October 2026 from 11 A.M. to 12:30 P.M. and approved the unaudited standalone financial results for the quarter and half year ended 30.09.2026, together with the limited review report of the statutory auditors, Manish Jain & Associates. The results were first reviewed by the audit committee and then taken on record by the board. All figures below are standalone and as printed in Rs. lakh in the results statement.

What the limited review means

A limited review is lighter than a full audit. It gives moderate assurance that the numbers are free of material misstatement, and it is not an audit opinion.
The auditors' conclusion is unqualified: nothing came to their attention that suggests the statement contains a material misstatement or misses the required disclosures.

The quarter in numbers (standalone, Rs. lakh)

Revenue from operations: 242.42 for the quarter ended 30.09.2026, against 659.94 in the quarter ended 30.09.2025 and 200.15 in the preceding quarter ended 30.06.2026.
Total expenses: 240.95, against 658.44 a year earlier.
Profit before exceptional items and tax: 9.91, against 1.42.
Profit for the period: 9.02, against 0.82.
Basic earnings per share for continuing operations: 0.13, against 0.01.

In plain terms: revenue in this quarter was far below the same quarter last year, but expenses came down in step, so the company ended the quarter with a higher profit for the period than a year ago. Compared with the immediately preceding quarter, both revenue and profit were higher.

The half year (standalone, Rs. lakh)

Revenue from operations: 443.57, against 850.47 in the half year ended 30.09.2025.
Profit for the period: 9.45, against 1.28.

Balance sheet (standalone, Rs. lakh, as at 30.09.2026 vs 31.03.2026)

Total assets: 2051.42, against 1138.31.
Inventories: 456.53, against 78.13.
Trade receivables: 390.70, against 156.70.
Current borrowings: 239.94, against 0.00.
Non-current borrowings: 31.62, against 68.03.
Total equity: 733.66, against 724.21.

Read simply, the balance sheet shows a large build-up in stock and in money due from customers, and short-term borrowings appearing on the current side during the period.

Cash flow (amount in Rupees, as printed for the year ended 30.09.2026, against the year ended 30.09.2025)

Net cash from operating activities: -4,07,66,651.10, against 51,47,887.29.
Net cash from investing activities: 84,71,826.22, against 11,98,631.41.
Net cash from financing activities: 2,25,77,833.75, against 35,11,320.44.
Net increase/(decrease) in cash and cash equivalents: -97,38,191.12, against 30,33,199.18.

Other points recorded

The board noted that there were no investor complaints known to the company outstanding at the beginning of the quarter.
The numbers are unaudited and have been through a limited review, not a full statutory audit for the period.

What a reader can take away: profitability for the quarter and half year improved year on year even as revenue from operations fell sharply, inventory and receivables rose, and the company took on current borrowings. These are the moving parts worth following in the next set of results.

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