Chennai Ferrous posts ₹1.97 cr Q4 profit after a near-zero quarter
Revenue jumped from ₹75 lakhs to ₹5.84 cr in the March quarter, swinging the nano-cap sponge-iron trader back into profit. Full-year revenue still fell 40%.
— 1 earlier story on Chennai Ferrous Industries Ltd. →What's new
- Chennai Ferrous swung to a ₹1.97 cr net profit in Q4 after a ₹75 lakh loss in Q3.
- Quarterly revenue surged from ₹75 lakhs to ₹5.84 cr, a sequential rebound.
- Full-year profit still fell to ₹3.38 cr as annual revenue dropped 40% to ₹132.31 cr.
Why this matters
For a nano-cap with a ₹34 crore market cap, the near-total collapse and recovery within two quarters is extreme volatility. The Q4 swing proves operational capacity exists; the 40% annual revenue decline shows it hasn't been consistent.
What we're watching
- Whether Q4 revenue holds in the coming quarters or dips again.
- The sponge-iron and coal-trading segment drivers behind the Q3 collapse and Q4 bounce.
- How a ₹34 cr market cap absorbs another year of this volatility.
The full read
Chennai Ferrous had a bizarre year. Annual revenue fell 40% to ₹132.31 crores. Then the company posted a Q4 where revenue surged from a near-zero ₹75 lakhs to ₹5.84 crores, swinging to a ₹1.97 crore profit from a ₹75 lakh loss. For a nano-cap sponge-iron and coal trader with a ₹34 crore market capitalisation, that kind of quarterly oscillation is hard to ignore. The full-year profit of ₹3.38 crores still confirms weaker performance than the prior year. But the audit opinion is clean. The immediate question isn't whether Chennai Ferrous can recover. It already did, in a single quarter. The question is whether it will stay there.
Questions answered
- How dramatic was the sequential recovery?
- Revenue climbed from ₹75 lakhs in Q3 to ₹5.84 crores in Q4, a roughly 7.8x increase. The company swung from a net loss of ₹75 lakhs to a net profit of ₹1.97 crores.
- How did the full year compare to the prior year?
- Annual revenue dropped 40% to ₹132.31 crores from ₹222.43 crores, and net profit declined to ₹3.38 crores. The full-year figures reflect the severe Q3 downturn despite the Q4 recovery.
- What does the audit opinion say?
- The statutory auditors issued an unmodified opinion on the annual accounts, confirming the financial statements following the volatile operational swings seen during the year.
- Why is the Q4 swing so significant for this company?
- Chennai Ferrous has a market capitalization of just ₹34 crores. A quarter where revenue collapses to ₹75 lakhs and then rebounds to ₹5.84 crores represents extreme operational volatility for an entity of this size.
Story so far
All notes on CHENFERRO →- 29 May 2026 · 7:16 PM IST Chennai Ferrous posts ₹1.97 cr Q4 profit after a near-zero quarter
- 1d ago Chennai Ferrous's coal business woke up in Q4. But the year still shrank.