Cranex Limited reported a net profit of ₹241.36 lakh for the financial year ended March 31, 2026, representing a 24% increase compared to ₹194.62 lakh in the previous year. Revenue from operations for FY26 stood at ₹5,537.02 lakh, up from ₹5,153.76 lakh in FY25. The company’s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The results were published in newspapers on May 30, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹118.38 lakh on revenue from operations of ₹2,190.67 lakh. Total income for the quarter was ₹2,207.16 lakh, while total expenses amounted to ₹2,043.14 lakh. The basic earnings per share (EPS) for the quarter was ₹1.80, while diluted EPS stood at ₹1.48. For the full year, basic EPS increased to ₹3.67 from ₹3.21 in the previous year.

Consolidated Results

On a consolidated basis, net profit for FY26 was ₹241.14 lakh, compared to ₹194.63 lakh in the previous year. Revenue from operations remained consistent with standalone figures at ₹5,537.02 lakh. The consolidated results include the financials of associate company IFE Cranex Elevators and Escalators India Private Limited, which reported a net loss of ₹0.22 lakh for the year.

Audit Qualifications

V.R. Bansal & Associates, the statutory auditors, issued a qualified opinion on the standalone and consolidated financial results. The qualifications included the absence of a Property, Plant and Equipment (PPE) register for verification, with depreciation provided based on management-certified figures. Additionally, balances under trade receivables and payables were subject to confirmations and adjustments. The auditors noted that financial assets and liabilities, specifically trade receivables and long-term borrowings from IFE Cranex Elevators and Escalators India Private Limited, were not measured at fair value as required by Ind AS-109. The inventory register was also not produced for verification.

In the consolidated report, auditors further highlighted that the parent company did not apply the equity method of accounting for its investment in the joint venture M/s Shree-Cranex (JV), resulting in non-compliance with Ind AS 28. Management stated that the financial impact of the joint venture is insignificant and its financial statements are yet to be finalized.

Financial Position

As of March 31, 2026, the company’s total assets stood at ₹5,951.76 lakh, up from ₹5,671.47 lakh in the previous year. Total equity increased to ₹2,693.16 lakh from ₹2,440.74 lakh. Cash and cash equivalents improved significantly to ₹13.86 lakh from ₹0.81 lakh, driven by net cash inflows from investing activities. The company’s net worth was recorded at ₹2,693.16 lakh.

Cranex Limited has announced that its board of directors will meet on Friday, May 29, 2026, to consider and approve the audited financial results for the fourth quarter and the fiscal year ended March 31, 2026. The meeting is scheduled to take place at 3:00 P.M. at the company's corporate office located in Sahibabad, Uttar Pradesh.

Agenda for the Meeting

The primary agenda for the upcoming board meeting is the consideration and approval of the audited financial results. The board will review both standalone and consolidated financial statements for the specified periods.

Trading Window Closure

In compliance with regulatory requirements, the company has informed that the trading window for dealing in the equity shares of Cranex Limited shall remain closed. This closure will be in effect until 48 hours after the declaration of the financial results for the fourth quarter and the financial year ended March 31, 2026. The closure period includes both days of the results declaration and the subsequent 48-hour timeframe.