Cresanto Global FY26 net loss widens to ₹43.03 lakh

1 min read     Updated on 28 May 2026, 01:54 PM
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AI Summary

Cresanto Global Limited reported a widened net loss of ₹43.03 lakh for FY26, compared to ₹18.05 lakh in the previous year. Revenue from operations was ₹5.39 lakh, while total income fell to ₹7.56 lakh. Statutory auditors issued an unmodified opinion on the results.

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Cresanto Global Limited reported a net loss of ₹43.03 lakh for the financial year ended March 31, 2026, widening from a loss of ₹18.05 lakh in the previous year. The company's Board of Directors approved the audited financial results for the fourth quarter and fiscal year at a meeting held on May 28, 2026. Revenue from operations for FY26 stood at ₹5.39 lakh, compared to nil in the prior year, while total income decreased to ₹7.56 lakh from ₹52.59 lakh in FY25.

Financial Performance

The company's expenses for the year totaled ₹50.58 lakh, a decrease from ₹70.64 lakh in FY25. Finance costs for FY26 were reported at ₹15.86 lakh, while employee benefits expenses amounted to ₹14.00 lakh. For the quarter ended March 31, 2026, Cresanto Global recorded a net loss of ₹23.54 lakh on a total income of ₹0.17 lakh. Basic and diluted earnings per share for FY26 were negative at ₹1.01, compared to a negative ₹0.42 in the previous year.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹0.99 lakh, a significant reduction from ₹3.12 lakh in the previous year. Equity share capital remained unchanged at ₹427.35 lakh, while other equity decreased to a negative ₹729.16 lakh from a negative ₹686.14 lakh. Non-current liabilities, primarily borrowings, increased to ₹280.64 lakh from ₹237.12 lakh. Cash and cash equivalents improved to ₹0.62 lakh from ₹0.01 lakh at the end of FY25.

Auditor's Report

Statutory auditors M/s. K T P S & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026. The audit report confirms that the financial statements present a true and fair view in conformity with Indian Accounting Standards (Ind AS). The trading window for dealing in the company's securities, which was closed since April 1, 2026, is set to reopen on May 30, 2026, in compliance with SEBI regulations.

Financial Metric (INR in Lakhs) FY26 FY25
Revenue from Operations 5.39 -
Total Income 7.56 52.59
Total Expenses 50.58 70.64
Net Profit/(Loss) (43.03) (18.05)
Basic EPS (₹) (1.01) (0.42)

What strategic initiatives will Cresanto Global implement to reverse the widening net losses and improve operational revenue in FY27?

How does the company plan to manage the increased non-current liabilities and borrowings given the significant reduction in total assets?

Will the company seek additional equity infusion or restructuring to address the negative equity balance of ₹729.16 lakh?

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