Please find the attached Outcome of the Board Meeting held today i.e. Thursday, 13th November, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cranex Limited's Board, meeting on November 13, 2025, approved its unaudited standalone and consolidated financial results for Q2 and H1 FY26 (quarter and half-year ended September 30, 2025). Standalone revenue from operations for Q2 FY26 stood at Rs 1,336.50 lakhs vs Rs 1,323.41 lakhs in Q2 FY25, while net profit was Rs 66.18 lakhs vs Rs 69.62 lakhs — a slight year-on-year dip. For H1 FY26, revenue rose marginally to Rs 2,234.81 lakhs (from Rs 2,214.88 lakhs) and net profit was nearly flat at Rs 90.58 lakhs vs Rs 90.05 lakhs. Basic EPS for Q2 was Rs 1.01 and for H1 was Rs 1.38, both lower than the prior year. The statutory auditor issued a qualified opinion, flagging issues such as non-production of PPE/inventory registers, unreconciled trade receivables and payables, fair-value/impairment measurement gaps under Ind AS-109, and non-application of the equity method for the Shree-Cranex joint venture under Ind AS-28.
Results are broadly flat with marginal revenue growth and a slight dip in quarterly profit, plus a qualified auditor opinion on multiple accounting/control gaps — likely a mild negative for the stock as governance and audit concerns may weigh on investor confidence, though improved operating cash flow is a small positive.