Result of September 2025
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Awaiting price reaction for this filing.
Cressanda Railway Solutions reported weak numbers for Q2 FY26 with standalone revenue from operations of just Rs 86.19 lakhs, down sharply from Rs 356.75 lakhs in Q1 FY26. Consolidated H1 FY26 revenue fell to Rs 442.94 lakhs from Rs 1,640.40 lakhs in H1 FY25, a steep drop. The company slipped into a standalone loss of Rs 358.24 lakhs in Q2 and Rs 402.39 lakhs for H1 FY26, compared to a profit of Rs 43.17 lakhs for the full FY25. Standalone operating cash flow was negative at Rs (212.23) lakhs. The auditor flagged serious qualifications: lack of supporting documents for loans and advances of Rs 8,422.59 lakhs, unconfirmed trade payables/receivables, non-compliant use of Rs 4,106.10 lakhs Right Issue proceeds (deployed as unsecured loan instead of working capital), and a Rs 1,697.08 lakhs WIP reversal due to client project failure.
Shareholders should note widening losses, a >70% consolidated revenue decline, negative operating cash flows, and multiple auditor qualifications including misuse of IPO proceeds. These red flags suggest serious operational and governance concerns that could weigh negatively on the stock and investor confidence.