Please find the attached Outcome of the Board Meeting held today i.e Friday, 30th May, 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 approved audited financial results for Q4 and FY25 on May 30, 2025. Standalone revenue from operations fell to Rs 5,153.76 lakhs in FY25 from Rs 6,211.41 lakhs in FY24, a decline of about 17%. However, net profit rose to Rs 194.62 lakhs from Rs 151.88 lakhs, with EPS improving to Rs 3.21 from Rs 2.53. Total assets stood at Rs 5,671.47 lakhs and net worth more than doubled to Rs 2,440.74 lakhs. During the quarter, 5,70,000 convertible warrants were converted into equity shares at Rs 102 per share, part of the 27,80,000 warrants issued to promoters in October 2024. The statutory auditor issued a qualified/modified opinion flagging issues like non-production of PPE and inventory registers, unconfirmed receivables/payables, and non-compliance with Ind AS-109 fair value measurement. Operating cash flow remained negative at Rs -177.88 lakhs.
Mixed signals for shareholders - top-line shrank but bottom-line improved on cost control and lower exceptional items. The qualified audit opinion and persistent negative operating cash flow are red flags on financial controls and asset quality. Warrant conversion has expanded the equity base, partially diluting shareholders, though the Rs 102 issue price is well above the Rs 10 face value.