Please find the attached Audited Financial Results (Standalone and Consolidated) of the Company for the Fourth Quarter and Year ended on 31.03.2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cranex Ltd reported total income of Rs 5,591.80 lakhs for FY26 (up from Rs 5,196.36 lakhs in FY25), reflecting ~7.6% revenue growth. Net profit stood at Rs 241.36 lakhs (standalone), up 24% from Rs 194.62 lakhs previously. The auditors issued a Qualified Opinion on both standalone and consolidated financials due to: (i) PPE and inventory registers not produced for verification, (ii) trade receivables/payables awaiting confirmation, (iii) failure to measure financial assets/liabilities at fair value per Ind AS-109, and (iv) JV with Shree Construction not accounted for using equity method. The company operates in EOT crane manufacturing and escalator installation, with total assets of Rs 5,951.76 lakhs and net worth of Rs 2,693.16 lakhs.
The qualified audit opinion raises concerns about internal controls and asset verification. Shareholders should note the inability to confirm key balance sheet items and non-compliance with Ind AS standards, which could affect the reliability of reported figures.