Cochin Malabar Estates & Industries Ltd — Board Meeting, 01-08-2025: Board Meeting
01-08-2025 | 03:24 pm
01-08-2025 | 03:24 pm
The Cochin Malabar Estates and Industries Limited's Board has approved its unaudited financial results for the quarter ended June 30, 2025. The company reported a net profit of ₹1.28 crore and total income of ₹1.37 crore for the quarter, with an EPS of ₹0.93. A key highlight for investors is that the company's net worth is fully eroded, and current liabilities exceed current assets. Despite this, the company maintains its 'going concern' status by focusing on developing its land assets in Goa. Auditors have noted this but did not modify their report, relying on the company's future plans.
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