What caused the Q4 profit swing?

The company's coal trading business rebounded, pushing revenue to ₹584.57 lakhs from just ₹75 lakhs in Q3. That top-line surge swung the quarter from a loss to a ₹197.60 lakh profit.

How do the full-year numbers compare to last year?

Full-year revenue dropped to ₹1,323.06 lakhs from ₹2,224.73 lakhs. Net profit also fell, to ₹338.22 lakhs from ₹401.08 lakhs, though it stayed in the black.

Did the auditors raise any concerns?

No. The statutory auditors issued an unmodified opinion on the annual results, confirming the numbers are clean.

Is the business still smaller than it was?

Yes. Even with the strong Q4, the full-year revenue is about 41% below the prior year, and annual profit is down 16%.

Earnings · Steel/Sponge /Pig Iron · Micro cap

Chennai Ferrous's coal business woke up in Q4. But the year still shrank.

The company swung from a ₹75.74 lakh loss to a ₹197.60 lakh profit in the final quarter. The full-year business is 41% smaller.

— 1 earlier story on Chennai Ferrous Industries Ltd. →

CHENFERRO By Tipsheet Editorial 29 May 2026 · 7:09 PM IST Verify on BSE · NSE

Mkt cap₹33.21 cr

P/E20.58×

ROE7.70%

Debt / eq.0.00

₹197.60 lakhs Q4 net profit, a sharp swing from a prior-quarter loss.

What's new

Chennai Ferrous posted a Q4 net profit of ₹197.60 lakhs, reversing a ₹75.74 lakh loss in Q3.
Q4 revenue surged to ₹584.57 lakhs from just ₹75 lakhs, driven by a coal-trading rebound.
Full-year revenue fell to ₹1,323.06 lakhs from ₹2,224.73 lakhs; annual profit slipped to ₹338.22 lakhs from ₹401.08 lakhs.

Why this matters

The Q4 swing is dramatic, but it follows a quarter where the business was nearly silent. The full-year picture is still one of contraction, with revenue down 41%. The open question is whether the Q4 rebound is the start of a sustained recovery or just a one-off restocking event.

What we're watching

Whether coal-trading volumes hold up in Q1 of FY27.
If the full-year revenue decline is a temporary dip or a permanent downshift.
Cash generation from the recovered operations.

The full read

Chennai Ferrous nearly went dark in Q3. Revenue was just ₹75 lakhs. Then the coal trading business came back. Q4 revenue jumped to ₹584.57 lakhs, and the company posted a ₹197.60 lakh profit. That is a dramatic swing, but it happened off an extremely low base. For the full year, the business is still shrinking. Revenue fell to ₹1,323.06 lakhs from ₹2,224.73 lakhs, and net profit slipped to ₹338.22 lakhs from ₹401.08 lakhs. The auditors signed off cleanly. The Q4 recovery proves the operation can restart. It doesn't prove the business is back. Not yet.

Questions answered

What caused the Q4 profit swing?: The company's coal trading business rebounded, pushing revenue to ₹584.57 lakhs from just ₹75 lakhs in Q3. That top-line surge swung the quarter from a loss to a ₹197.60 lakh profit.
How do the full-year numbers compare to last year?: Full-year revenue dropped to ₹1,323.06 lakhs from ₹2,224.73 lakhs. Net profit also fell, to ₹338.22 lakhs from ₹401.08 lakhs, though it stayed in the black.
Did the auditors raise any concerns?: No. The statutory auditors issued an unmodified opinion on the annual results, confirming the numbers are clean.
Is the business still smaller than it was?: Yes. Even with the strong Q4, the full-year revenue is about 41% below the prior year, and annual profit is down 16%.

Mentioned: Chennai Ferrous Industries · Coal trading · March 31, 2026

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on CHENFERRO →

29 May 2026 · 7:09 PM IST Chennai Ferrous's coal business woke up in Q4. But the year still shrank.
1d ago Chennai Ferrous posts ₹1.97 cr Q4 profit after a near-zero quarter