Outcome of Board Meeting
CMI Limited has officially communicated the outcome of its Board Meeting regarding the approval and declaration of its unaudited financial results for the quarter ended September 30, 2025 (Q2 FY26). The Board of Directors—operating under suspended powers while being managed by Resolution Professional Deepak Maini pursuant to the Corporate Insolvency Resolution Process (CIRP)—reviewed and approved the quarterly performance figures. The financial disclosure highlights ongoing operational challenges as the company navigated debt resolution and insolvency proceedings during 2025 and 2026.
During the quarter ended September 30, 2025 (Q2 FY26), CMI Limited reported total revenue of ₹1.76 Crore, reflecting a decline compared to ₹1.79 Crore in the previous quarter ended June 30, 2025 (Q1 FY26). In comparison to the corresponding quarter from the previous year ended September 30, 2024 (Q2 FY25), revenue dropped significantly from ₹7.44 Crore. The net loss for Q2 FY26 widened to ₹4.79 Crore, compared to a net loss of ₹1.29 Crore in Q1 FY26 and a net loss of ₹2.08 Crore in Q2 FY25.
Below is the comparative analysis of the financial results for the current quarter against the previous quarter (QoQ) and the corresponding quarter of the previous year (YoY):
| Financial Indicator | Current Quarter (Q2 FY26) | Previous Quarter (Q1 FY26) | Same Quarter Last Year (Q2 FY25) | QoQ Variance (Amount in Cr) | QoQ Variance (%) | YoY Variance (Amount in Cr) | YoY Variance (%) |
|---|---|---|---|---|---|---|---|
| Total Revenue | ₹1.76 Cr | ₹1.79 Cr | ₹7.44 Cr | -₹0.03 Cr | -1.68% | -₹5.68 Cr | -76.34% |
| Net Profit / (Loss) | -₹4.79 Cr | -₹1.29 Cr | -₹2.08 Cr | -₹3.50 Cr | -271.32% | -₹2.71 Cr | -130.29% |
About CMI Limited
CMI Limited (formerly known as Choudhari Metal Industries) is an Indian manufacturer specializing in specialty cables, including railway signaling cables, control cables, instrumentation cables, and power cables used across defense, telecommunications, infrastructure, and industrial sectors. In 2025, the company operated under the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code (IBC) while undergoing efforts to restructure its liabilities and operational framework. Public institutional and individual shareholding patterns in 2025 indicated domestic financial institutions held significant equity stakes, alongside substantial public holding.
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