Outcome of Board Meeting and Submission of Un-audited financial results for the quarter ended on 30-06-2026 for the F.Y 2026-27
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Virat Crane Industries' board approved standalone unaudited financial results for Q1 FY27 (quarter ended 30 June 2026). Revenue from operations stood at Rs. 4,467.64 lakhs, up about 10% from Rs. 4,049.86 lakhs in Q1 FY26. The company reported a net loss of Rs. 97.01 lakhs, slightly narrower than the Rs. 107.91 lakh loss in the same quarter last year. Total expenses rose to Rs. 4,565.02 lakhs, driven mainly by higher other expenses (Rs. 684.92 lakhs vs Rs. 395.79 lakhs) and finance costs. The company operates in a single segment — dairy products — and the newly started Adawinekkalam plant continues to drag margins due to higher operating and depreciation costs. Management expects the plant to reach operational breakeven in Q3 FY27.
Loss-making trend continues for a fifth straight quarter, but the narrowing loss and revenue growth hint at gradual improvement as the new dairy plant scales up. Shareholders should watch for the promised Q3 FY27 breakeven — until then, profitability remains elusive and the stock may stay under pressure.