Cressanda Railway Solutions Reports Revenue Decline and Appoints New Secretarial Auditors

Cressanda Railway Solutions Limited , a company operating in the railway solutions sector, has released its financial results for the fiscal year ended March 31, 2025, revealing a significant decline in revenue and profit. The company has also announced the appointment of new secretarial auditors for the next five years.

Financial Performance

The company reported a substantial decrease in its revenue from operations for the fiscal year 2024-25. Here's a breakdown of the key financial metrics:

The company experienced a sharp decline of 74.7% in its revenue from operations, which fell to ₹2,493.78 crore from ₹9,854.93 crore in the previous year. This significant drop in revenue had a cascading effect on the company's profitability, with net profit after tax plummeting by 95.4% to ₹43.17 crore, compared to ₹944.58 crore in the prior year.

Despite the decline in revenue and profit, Cressanda Railway Solutions saw an increase in its total assets, which grew by 20.4% to ₹19,955.46 crore. The company's total equity also showed a modest increase of 5.4%, reaching ₹15,417.61 crore.

Appointment of New Secretarial Auditors

In a separate development, the Board of Directors has approved the appointment of M/s. Mehul Raval & Associates as the company's Secretarial Auditors. The appointment is for a five-year term, spanning from the financial year 2025-26 to 2029-30, subject to shareholder approval at the upcoming Annual General Meeting.

M/s. Mehul Raval & Associates is a peer-reviewed firm led by Mr. Mehul K. Raval, who has been a member of the Institute of Company Secretaries of India since May 2011. The firm brings over a decade of experience in corporate secretarial and compliance advisory services for large and medium-scale Indian corporations.

Board Meeting Details

The financial results and the appointment of new auditors were approved during a Board of Directors meeting held on July 31, 2025. The meeting commenced at 7:30 P.M. and concluded at 8:30 P.M.

Cressanda Railway Solutions Limited has submitted these developments to the BSE Limited in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the company faces challenges in its financial performance, stakeholders will be closely watching how Cressanda Railway Solutions adapts its strategies to navigate the current market conditions and improve its revenue and profitability in the coming quarters.