Virat Crane Industries posts Rs 97 lakh net loss in Q1 FY27
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Virat Crane Industries posted Q1 FY27 results with revenue of Rs 4,467.64 lakhs vs Rs 4,049.86 lakhs YoY (up about 10 percent) but down about 11.5 percent from Q4 FY26. Net loss stood at Rs 97.01 lakhs vs Rs 107.91 lakhs YoY. EPS was negative Rs 0.47. The newly commissioned Adawinekkalam plant is driving higher costs; management expects operational breakeven by Q3 FY27. Auditor gave an unqualified review report.
Losses continue but are narrowing YoY. Plant ramp-up is key to recovery; investors should watch capacity utilisation and progress towards breakeven.