The Board of Directors of CMI Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the IBC, approved its unaudited financial results for the quarter and nine months ended 31st December 2025. During the quarter ending December 31, 2025, the company reported a total revenue from operations of ₹1,185.31 Lakhs, reflecting an increase of 20.70% sequentially compared to ₹982.02 Lakhs (derived as total income less other income or operational figures from prior formats, or matching sequential shifts). However, the net loss for the quarter stood at ₹179.30 Lakhs, expanding compared to the net loss of ₹478.88 Lakhs in the previous quarter and ₹818.05 Lakhs in the corresponding quarter of the previous year. On a percentage basis, revenue from operations dropped by 20.74% year-on-year from ₹1,495.68 Lakhs in the quarter ended 31st December 2024, while net loss improved/narrowed significantly by 62.68% YoY and 62.56% QoQ due to effective cost alignments under the Resolution Professional.

CMI Limited is a premier manufacturer of cables in India, supplying to major sectors including railways, oil and gas, power, and telecommunications. Operating plants in Himachal Pradesh and Haryana, the company has faced severe financial strain over recent years, leading to its admission under the Corporate Insolvency Resolution Process (CIRP) initiated by Canara Bank. Under the oversight of Resolution Professional Mr. Deepak Maini, business operations continue to function while debt restructuring and resolution plans are being evaluated.