Cheviot's revenue jumps 24.6% but profit slips on investment losses
Jute sales drive top line, but fair-value hit erodes bottom line. Dividend steady at ₹25 per share.
— 1 earlier story on Cheviot Company Ltd. →What's new
- Revenue rose 24.6% on higher jute goods sales.
- Net profit fell to ₹5,169.15 lakhs from ₹5,774.19 lakhs on fair value losses.
- Board recommends ₹25 final dividend, same as prior year.
Why it matters
Two stories in one set — operating traction is real, but the investment portfolio is dragging earnings. The fair-value hit introduces volatility. Holding the dividend steady signals management's confidence in cash flows despite the profit dip.
What we're watching
- Whether investment losses spill into FY27.
- Jute goods demand trajectory.
- Any change to dividend policy going ahead.
The full read
Cheviot's annual numbers are a mixed bag. Revenue jumped 24.6% to ₹54,740.51 lakhs, powered by stronger jute goods sales — a solid operating performance. Yet net profit slipped to ₹5,169.15 lakhs from ₹5,774.19 lakhs in the prior year, partly because fair value losses on investments dragged earnings; those same losses also pushed the standalone fourth quarter into the red. The board recommended a final dividend of ₹25 per share, unchanged from last year, implying cash generation remains adequate. The results themselves are not a surprise — core numbers had already been disclosed. What stands out is that the operating engine is gaining speed while the investment side is adding unwanted turbulence.