Synopsis:
Indo Cotspin Limited Q2 results show a 245% QoQ rise in revenue to ₹6.59 crore, while net profit surged 150%.
The shares of the Penny stock company specializing in the manufacturing and trading of non-woven textile products, such as non-woven fabrics, carpets, and felts, jumped by upto 5 percent following their Q2 results with a 245 percent rise in revenue QoQ.
With a market capitalization of 19.29 Crores on Tuesday, the shares of Indo Cotspin Ltd jumped by upto 5.1 percent, reaching a high of Rs. 29.49 compared to its previous close of Rs. 28.05.
What Happened
Indo Cotspin Ltd, engaged in the manufacturing and trading of non-woven textile products, such as non-woven fabrics, carpets, and felts, has announced its Q2 results as follows:
Its Revenue from operations rose by 25 percent YoY from Rs. 5.26 Crores in Q2FY25 to Rs. 6.59 Crores in Q2FY26, and it rose by 245 percent QoQ from Rs. 1.91 Crores in Q1FY26 to Rs. 6.59 Crores in Q2FY26.
Its Net Profit YoY declined by 96 percent from Rs. 0.26 Crores in Q2FY25 to Rs. 0.01 Crores in Q2FY26, and it rose by 150 percent QoQ from a lower profit in Q1FY26 to Rs. 0.01 Crores in Q2FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 0.01, compared to Rs. 0.27 in the previous quarter.
The company shows a ROCE of 7.62% and ROE of 5.39%, with a low debt-to-equity ratio of 0.28, reflecting a conservative capital structure. Efficiency has improved, as debtor days have reduced from 25.0 to 18.7, indicating better collection and working capital management.
Company Overview & Others
Indo Cotspin Limited, established in 1995, is a leading manufacturer, exporter, importer, and supplier of non-woven products, including fabrics, carpets, felts, and designer carpets. Known for their quality, attractive designs, vibrant colors, and varied sizes, the company serves customers both domestically and internationally, earning a strong reputation for excellence and affordability worldwide.
Indo Cotspin Limited has a strong infrastructure that supports the production of high-quality non-woven products, earning a leading position with customers both in India and abroad. Their well-designed range—including plain, printed, and felt non-woven fabrics, geo textiles, hand-tufted shaggy and woollen carpets, and door mats—enhances homes, offices, and other spaces with style, durability, and functionality.
Written by Sridhar J
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