Re appointment of Internal Auditor for the F.Y 2026-27
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Virat Crane Industries reported audited FY 2025-26 results. Revenue from operations grew 27.5% to Rs 17,748.85 lakhs from Rs 13,919.95 lakhs in FY 2024-25. However, the company posted a net loss of Rs 771.19 lakhs compared to a profit of Rs 466.55 lakhs in the previous year. EPS turned negative at Rs 3.78 per share. Operating cash flow was negative at Rs 638.75 lakhs. The Board also re-appointed Sri V.V.A. Sesha Giri Rao as internal auditor for FY 2026-27. Statutory auditors gave an unmodified (clean) opinion. Total borrowings increased from Rs 710.47 lakhs to Rs 1,635.84 lakhs year-on-year.
Despite strong revenue growth, the company swung to a loss due to higher raw material costs, finance costs, and inventory buildup. Negative operating cash flow and increased debt raise concerns about financial health. Shareholders should monitor the company's path to profitability.