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.

Cranex Limited has announced the receipt of significant purchase orders worth ₹7.43 crores from multiple major clients, marking a substantial boost to its order book. The company disclosed these developments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on January 20, 2026.

Order Portfolio Overview

The total order value of ₹7,42,98,925 comprises contracts from four major domestic entities, demonstrating the company's strong market position in the crane manufacturing sector. All orders are from established public sector undertakings and railway organizations, reflecting the company's credibility in serving critical infrastructure clients.

Major Contract Details

The largest single contract comes from S.E.C.RLY-Bilaspur, valued at ₹2,86,68,100 for five units of 15/5T Main Hoist/Aux Hoist capacity equipment. This order has the longest delivery timeline, scheduled for completion by January 25, 2027.

BHEL-Haridwar has placed two identical orders, each worth ₹1,56,00,000, for 50/10T D/G EOT Cranes. These orders are scheduled for delivery by June 13 and June 17, 2026, respectively.

Service and Product Diversification

The order portfolio demonstrates Cranex Limited's diverse capabilities across manufacturing and services:

• Manufacturing Orders: EOT cranes of various capacities, hoisting equipment, and specialized wheels
• Service Orders: Crane shifting and relocation services, showcasing the company's technical expertise
• Specialized Equipment: Coach lifting tackle for railway applications

Delivery Timeline and Execution

The contracts span delivery periods from May 2026 to January 2027, providing the company with a structured revenue pipeline over the next 12-18 months. The shortest delivery timeline is for BHEL Jhansi's wheel order, due by May 6, 2026.

Corporate Governance and Compliance

The company has confirmed that all orders are arm's length transactions with no related party involvement. None of the promoter groups or group companies have any interest in the entities awarding these contracts, ensuring transparent business operations. All contracts include standard commercial terms covering quality specifications, delivery schedules, and mutually agreed pricing structures.