Submission of Un-Audited financial results for the 2nd quarter and first half of the financial year ended on 30-09-2025 for the F.Y 2025-26.
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Virat Crane Industries, which now operates in the Dairy Products segment, reported H1 FY26 revenue of Rs. 7,866.41 lakhs, up about 31% from Rs. 6,006.58 lakhs in H1 FY25. Q2 FY26 revenue rose to Rs. 3,816.55 lakhs vs Rs. 2,908.40 lakhs a year ago. Despite strong top-line growth, the company slipped into a net loss of Rs. 367.75 lakhs in Q2 FY26 and Rs. 479.86 lakhs for H1, compared to profits of Rs. 208.38 lakhs and Rs. 428.90 lakhs respectively a year earlier. The loss is attributed to higher operating expenses and sharply higher depreciation following the commercial launch of its new Adavinekkalam plant, which had its trial run in late 2024 / early 2025. EPS for H1 turned negative at Rs. (2.35) vs Rs. 2.10 last year. The statutory auditor issued an unqualified review report.
The profit swing is driven by new-plant ramp-up costs rather than weak demand, and management says the plant should break even in Q3 FY26. Short-term sentiment is negative due to losses and weak cash flows, but if the plant hits breakeven as guided, earnings could recover in coming quarters.