Kohinoor Foods has approved a rights issue of up to ₹105 crore to raise additional capital for business expansion and growth initiatives. The company's board has sanctioned this fundraising exercise to strengthen its financial position and support future growth strategies. The board meeting was held on August 13, 2026, to review Q1 results, AGM details, book closure, and fundraising options.
Kohinoor Foods achieved a significant financial turnaround in the June 2026 quarter, reporting a consolidated net profit of ₹2.10 crore compared to a net loss of ₹2.05 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a complete reversal of the company's financial position during the same period last year.
The company's operational metrics showed remarkable improvement with EBITDA rising to ₹2.7 crore from ₹0.8 crore in the previous year, representing a 251.3% increase. The EBITDA margin expanded significantly to 9.3% from 4.8% in the corresponding quarter of the previous year, marking a 450 basis points improvement. This substantial margin expansion demonstrates enhanced operational efficiency and cost management capabilities.
The company's financial performance was driven by robust revenue growth, with sales rising 81.82% to ₹29.60 crore in the quarter ended June 2026, as compared to ₹16.28 crore during the same period in the previous year. Other income also increased substantially to ₹2.2 crore from ₹1.0 crore, showing a 115.7% growth. The company's operating profit margin (OPM) improved to 1.82% in the current quarter, compared to a negative margin of -2.33% in the corresponding quarter of the previous year.
The company has scheduled its 37th Annual General Meeting for September 30, 2026, with book closure from September 24-30, 2026. The company's auditors have issued a qualified conclusion over unprovided interest on a revoked corporate guarantee, amounting to ₹0.9 crore for the quarter and ₹16.1 crore cumulatively. Additionally, Kohinoor Foods faces a DRT-directed claim of ₹926.1 crore, which it is currently contesting in legal proceedings. The company has confirmed that no recent events have occurred that could materially impact its financial position or operations.
