Crystal Business System FY26 Net Profit at ₹11.67 Lakh; Auditors Issue Qualified Opinion
Crystal Business System Limited reported audited FY26 financial results with net profit of ₹11.67 lakh on revenue of ₹868.32 lakh, both declining sharply from the prior year. Auditors BAS & CO. LLP issued a qualified opinion citing non-compliance with ESI, EPF, and Gratuity Acts, with management noting the financial impact is unascertained but material. The results were subsequently published as a newspaper advertisement under Regulation 33.

*this image is generated using AI for illustrative purposes only.
Crystal Business System Limited has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 15, 2026, at the company's registered office in New Delhi. The statutory auditors conducted a limited review of the financial results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company subsequently published the audited financial results as a newspaper advertisement, confirming the figures under Regulation 33.
Financial Performance
For the financial year ended March 31, 2026, Crystal Business System reported a net profit of ₹11.67 lakh, a significant decrease from ₹90.55 lakh in the previous year. Revenue from operations for the year stood at ₹868.32 lakh, down from ₹1772.18 lakh in FY25. Total income for the year was ₹914.44 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹318.57 lakh compared to a loss of ₹126.56 lakh in the corresponding quarter of the previous year.
Key Financial Metrics
The following table summarizes the key financial figures for the year ended March 31, 2026:
| Parameter: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations: | 868.32 | 1772.18 |
| Total Income: | 914.44 | 1760.94 |
| Total Expenses: | 879.89 | 1625.02 |
| Net Profit for the Period: | 11.67 | 90.55 |
| Earnings Per Share (Basic): | 0.01 | 0.09 |
Audit Qualification
BAS & CO. LLP, Chartered Accountants, issued a qualified opinion on the standalone annual financial results. The qualification arises because the company has not complied with the provisions of the Employees' State Insurance Act, 1948, the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and the Payment of Gratuity Act, 1972. Consequently, the company has not recognized employee benefit obligations in accordance with Ind AS 19. The management stated that the financial impact is presently unascertained due to the absence of historical employee data but believes the effect is material and not pervasive.
Trading Window Update
In a separate intimation, the company informed the exchanges that the trading window for equity shares shall reopen on May 18, 2026. The intimation was signed by Bal Mukund Tiwari, Managing Director, on behalf of Crystal Business System Limited.
Historical Stock Returns for Crystal Business System
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.94% | -9.48% | +9.95% | 0.0% | -22.51% | +90.91% |
Will Crystal Business System face regulatory penalties or enforcement action from ESIC and EPFO authorities for non-compliance, and what could be the estimated financial liability once historical employee data is reconstructed?
Given the ~51% revenue decline in FY26, what strategic measures is Crystal Business System's management planning to reverse the revenue contraction and restore profitability to FY25 levels?
How might the unresolved audit qualification regarding employee benefit obligations under Ind AS 19 impact the company's ability to raise capital or secure credit facilities in the near term?






























