Croissance Limited has announced its Q3FY26 financial results, demonstrating a remarkable turnaround from losses to profitability. The company reported a net profit of ₹1.87 lakhs for the quarter ended December 31, 2025, marking a significant improvement from the loss of ₹27.18 lakhs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance shows substantial improvement across key metrics:

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, reflects the company's sustained recovery trajectory:

Expense Management

The company demonstrated effective cost control during Q3FY26. Employee benefit expenses increased to ₹12.00 lakhs from ₹9.28 lakhs in the previous year quarter, while other expenses decreased significantly to ₹5.34 lakhs from ₹11.02 lakhs. Finance costs remained minimal at ₹0.05 lakhs, and the company reported no depreciation or exceptional items during the quarter.

Corporate Governance

The Board of Directors meeting was held on January 6, 2026, at 4:00 PM at the company's registered office, concluding at 8:45 PM. The board approved both standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI regulations.

Earnings Per Share

With a paid-up equity share capital of ₹685.48 lakhs, the company reported basic and diluted earnings per share of ₹0.00 for Q3FY26, compared to ₹-0.04 in the corresponding previous quarter. For the nine-month period, earnings per share improved to ₹0.01 from ₹-0.06 in the previous year.

Auditor's Review

YCRJ & Associates, Chartered Accountants, conducted a limited review of the financial results. The auditors confirmed that nothing came to their attention suggesting the financial statements contained material misstatements or failed to comply with applicable disclosure requirements under SEBI regulations.

Croissance Limited has witnessed further changes in its promoter shareholding pattern, with Hemant Bahri conducting additional share sale transactions in mid-December. The promoter has sold equity shares through open market transactions on two consecutive days, significantly reducing his ownership stake in the BSE-listed company.

Latest Transaction Details

According to the disclosure filed on December 19, 2025, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Hemant Bahri sold equity shares on two separate dates. The transactions involved the sale of 2,60,230 equity shares on December 16, 2025, and 3,60,072 equity shares on December 17, 2025.

Updated Shareholding Pattern

The recent sales have substantially reduced Hemant Bahri's ownership position in Croissance Limited. The updated shareholding details reflect a continued decline in his promoter stake:

Transaction History Timeline

This latest sale follows a series of transactions by Hemant Bahri over recent weeks. Earlier in December, he had sold 3,25,003 equity shares on December 10, 2025, which reduced his shareholding from 4.99% to 4.52%. Prior to that, he had sold 5,17,038 equity shares between December 3-4, 2025, reducing his stake from 5.75% to 4.99%.

Company Profile

Croissance Limited operates in the realty sector and is classified as a small-cap company with a market capitalization of ₹25.23 crores. The company is listed on BSE with scrip code 531909 and ISIN INE587J01027. The total equity share capital of the company stands at ₹6,85,48,000, which remains unchanged after these transactions.

The disclosure was filed in compliance with regulatory requirements for substantial acquisition and disposal of shares by promoters and persons acting in concert.