Outcome of the Board Meeting & Submission of un-Audited Financial Results for the 1st quarter period ended on 30-06-2025 for the F.Y 2025-26.
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Virat Crane Industries reported Q1 FY26 revenue from operations of Rs. 4,049.86 lakhs, up about 30.7% from Rs. 3,098.18 lakhs in Q1 FY25. Despite the strong top-line growth, the company slipped into a net loss of Rs. 107.91 lakhs compared to a net profit of Rs. 220.52 lakhs a year ago. Total expenses jumped to Rs. 4,162.20 lakhs (vs Rs. 2,803.97 lakhs), driven by higher raw material costs, depreciation and other expenses. The loss is attributed to the new Adavinekkalam dairy plant, which began commercial operations in early January 2025 and is incurring ramp-up costs. Management expects the new plant to break even by Q3 FY26. Loss per share stood at Rs. 0.53, and the statutory auditor issued an unqualified review report. The company reported zero outstanding debt and no loan defaults.
Negative near-term – strong revenue growth is being offset by new-plant costs, leading to a second consecutive quarterly loss; sentiment may stay weak until the Adavinekkalam plant hits breakeven as guided in Q3 FY26.