Kothari Industrial Corporation Ltd

Kothari Industrial Corp Reports Q2 Losses Amid Strategic Moves 📉

- Standalone net loss of ₹6.04Cr in Q2 2025 vs ₹9.16L profit in Q2 2024

- Consolidated net loss widens to ₹6.56Cr in Q2 2025 from ₹9.16L profit

- H1 total income surges to ₹89.39Cr vs ₹35.59Cr YoY

- Acquired 30% stake in Phoenix Kothari Footwear for ₹799.06Cr

- Sold Ennore assets for ₹750.28Cr (stamp duty dispute pending)

- ₹7.8Cr govt subsidy receivable for FY2010-14 under pursuit

- Coonoor land repossession case ongoing in Madras HC

- Preferential share allotment in 3 tranches during H1

- Auditors flag ₹8.67L TDS defaults & unconfirmed receivables/payables

- Operations continue on going concern basis with management confidence