Cranex has announced a historic business milestone with the securing of a ₹3.66 crore order from BHEL-Bhopal for a 220/80 ton double girder EOT (Electric Overhead Traveling) crane. This significant contract represents a breakthrough moment for the company, marking its first high capacity crane order in over five decades.

Order Details and Specifications

The contract involves the supply of a specialized 220/80 ton double girder EOT crane to BHEL-Bhopal, one of India's leading heavy engineering companies. The updated order value of ₹3.66 crore reflects the substantial nature of this business win for Cranex.

Strategic Significance and Historic Milestone

This order holds particular significance as it represents Cranex's first high capacity crane order in 53 years of operations. The milestone achievement demonstrates the company's capability to secure substantial contracts in the heavy engineering sector and marks a notable expansion in their business portfolio.

According to the company's regulatory filing under SEBI Regulation 30, this achievement demonstrates strong confidence of customers in the company's engineering excellence, manufacturing capabilities, and technological expertise in the heavy-duty crane segment.

Regulatory Compliance and Disclosure

The company has made the announcement pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order includes standard terms related to quality, delivery schedule, and pricing as mutually agreed by both parties.

Market Position and Future Outlook

This development strengthens Cranex's position in the high-capacity industrial crane market and marks a significant step toward expanding its presence in advanced and heavy-duty lifting solutions. The management believes this development will contribute positively to the company's growth trajectory and long-term value creation.

The successful securing of this order from BHEL-Bhopal positions Cranex for significant revenue recognition and establishes a foundation for potential future collaborations with major industrial clients in the heavy engineering sector.

Cranex Limited delivered impressive financial performance in Q3FY26, with net profit jumping significantly compared to the previous year. The company, which specializes in manufacturing EOT cranes and installation of escalators, announced its unaudited financial results for the quarter and nine months ended December 31, 2025.

Strong Quarterly Performance

The company's Q3FY26 results showed remarkable improvement across key financial metrics. Net profit for the quarter reached ₹32.40 lakhs, representing a substantial 262% increase from ₹8.94 lakhs reported in Q3FY25.

Nine-Month Financial Highlights

For the nine-month period ended December 31, 2025, Cranex maintained its growth trajectory with consistent performance improvements. The company reported net profit of ₹122.98 lakhs for the nine-month period, marking a 24.24% increase from ₹98.98 lakhs in the corresponding period of the previous year.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency during Q3FY26. Cost of raw materials and components consumed increased to ₹812.42 lakhs from ₹458.56 lakhs in Q3FY25. However, the company benefited from favorable changes in inventories, which showed a positive variance of ₹157.37 lakhs compared to an adverse variance of ₹160.29 lakhs in the previous year quarter.

Employee benefits expenses remained relatively stable at ₹159.96 lakhs in Q3FY26 compared to ₹155.10 lakhs in Q3FY25. Finance costs increased marginally to ₹40.44 lakhs from ₹36.93 lakhs year-on-year.

Capital Structure and Share Information

Cranex Limited maintained its paid-up equity share capital at ₹657.00 lakhs with face value of ₹10 per share. The company's diluted earnings per share for Q3FY26 stood at ₹0.37 compared to ₹0.10 in Q3FY25. For the nine-month period, diluted EPS reached ₹1.40 versus ₹1.13 in the previous year.

Comprehensive Income and Other Developments

Total comprehensive income for Q3FY26 reached ₹36.03 lakhs compared to ₹5.98 lakhs in Q3FY25. The company reported other comprehensive income of ₹3.63 lakhs, primarily driven by re-measurement gains on defined benefit plans of ₹4.86 lakhs, net of tax effects.

The Board of Directors approved these unaudited financial results at their meeting held on February 10, 2026. The company operates primarily in India and is considered as operating in a single geographical segment according to Ind AS 108 Operating Segments.