Cochin Minerals profit drops 47% as impairment charge hits bottom line
A ₹5.05 crore impairment on a stalled project dragged full-year profit to ₹12.50 crore, even as the board declared an 80% dividend.
— 2 earlier stories on Cochin Minerals & Rutile Ltd. →What's new
- Full-year profit fell 47% to ₹12.50 cr after a ₹5.05 cr impairment charge.
- Quarterly revenue rose 13% to ₹85.54 cr, but quarterly profit dropped 40% to ₹3.30 cr.
- Board declared a final dividend of ₹8 per share, an 80% payout.
Why this matters
The impairment charge on a long-suspended metallisation project shows the drag of idle assets on earnings. While the dividend payout signals confidence, profitability remains under pressure from raw material shortages.
What we're watching
- Progress on the suspended metallisation project.
- Whether raw material shortages continue to impact margins in FY27.
- The impact of the new KSIDC nominee director on board governance.
The full read
Cochin Minerals and Rutile Limited ended the fiscal year with a 47% drop in net profit to ₹12.50 crore.
The decline stems from a ₹5.05 crore impairment charge taken against a metallisation project that has been suspended due to raw material shortages. While quarterly revenue grew 13% to ₹85.54 crore, the bottom line remains under pressure, with quarterly profit falling 40% to ₹3.30 crore. Despite the earnings hit, the board declared a final dividend of ₹8 per share, an 80% payout on the ₹10 face value. Governance changes were also finalized, with the appointment of Rajesh Jacob as a KSIDC nominee director and the extension of promoter director Mathew M Cherian’s tenure past age 75.
Profitability is falling.
Questions answered
- What caused the sharp decline in annual profit?
- The primary driver was a ₹5.05 crore impairment provision for a metallisation project that remains suspended due to raw material shortages.
- How did the company perform on a quarterly basis?
- Revenue grew 13% to ₹85.54 crore for the quarter ending March 31, 2026, but net profit fell 40% to ₹3.30 crore.
- What is the dividend payout?
- The board recommended a final dividend of ₹8 per equity share, which represents an 80% payout on the ₹10 face value.
- Were there any changes to the board of directors?
- The board appointed Rajesh Jacob as a nominee director from the Kerala State Industrial Development Corporation and approved the continuation of promoter director Mathew M Cherian beyond the age of 75.
Story so far
All notes on COCHINM →- 28 May 2026 · 6:47 PM IST Cochin Minerals profit drops 47% as impairment charge hits bottom line
- today Cochin Minerals profit drops 47% as project impairment hits bottom line
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