Cranex Q1 FY27 results: revenue up 10%, PAT up 33%, auditor flags qualified opinion
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Cranex Ltd Q1 FY27 (June 2026) results: revenue from operations rose 10% to Rs 989.44 lakhs (from Rs 898.31 lakhs YoY). Net profit grew 33% to Rs 32.49 lakhs (from Rs 24.40 lakhs). EPS at Rs 0.43 vs Rs 0.28. Consolidated PAT was Rs 32.37 lakhs. During the quarter, 14.5 lakh convertible warrants converted to equity shares at Rs 102 each, and 7.6 lakh warrants were forfeited. Auditors gave a qualified opinion citing unconfirmed receivables/payables, fair value measurement issues, and unverified inventory.
Strong profit growth is positive, but auditor qualified opinion on both standalone and consolidated books raises governance and reporting quality concerns.