Crizac Q1 FY27 results: standalone profit up 29%, new Chairman named
CRIZAC · price
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Crizac posted Q1 FY27 results with a mixed picture. Standalone revenue rose about 23 percent YoY to Rs 8,201 lakhs and standalone net profit jumped about 29 percent to Rs 5,286 lakhs. Consolidated revenue declined about 4 percent to Rs 20,121 lakhs; consolidated PAT was Rs 4,617 lakhs (nearly flat YoY). Depreciation method was changed from WDV to SLM, lowering Q1 depreciation by Rs 125 lakhs. Dr. Vikash Agarwal stepped down as Chairperson; Mr. Christopher Flood Nagle was appointed new Chairman from August 4, 2026. AGM set for September 11, 2026.
Standalone growth was strong while consolidated stayed flat. Accounting change boosted reported profit by about 125 lakhs. New Chairman appointed; small UK acquisition planned.