Chennai Ferrous Industries Q2 Results Show Revenue Slump

Revenue fell to Rs 0.94 crore from Rs 56.51 crore year-on-year; Net loss widened to Rs 0.47 crore.

Reader Takeaway: Significant revenue contraction and rising liabilities present ongoing challenges for the company's coal trading business.

What just happened

Chennai Ferrous Industries Limited released its unaudited financial results for the quarter ended September 30, 2026. The board meeting held on October 30, 2026, confirmed the results were reviewed by statutory auditors M/s. Aayush Bohra A & Co, who provided an unmodified report.

Why this matters

The steep decline in top-line performance highlights a sharp slowdown in the company's coal trading activities. Revenue plummeted from Rs 56.51 crore in the September 2025 quarter to just Rs 0.94 crore in the current period. This contraction in business volume is accompanied by a widening net loss, which moved from Rs 0.14 crore to Rs 0.47 crore year-over-year.

Financial Health

As of September 30, 2026, the balance sheet shows total assets of Rs 77.13 crore, up from Rs 69.41 crore in March 2026. However, total liabilities have also grown significantly, rising from Rs 13.97 crore to Rs 22.66 crore in the same six-month window. The earnings per share (EPS) for the quarter stands at a negative Rs 1.29 compared to a negative Rs 0.40 in the prior year.

What to track next

Investors should closely watch for signs of business normalization. The persistent net losses and the concurrent increase in liabilities on the balance sheet require careful monitoring to assess the company's long-term liquidity and operational viability in the coal trading sector.