Financial Results - Standalone (₹ in lakhs)

Quarterly Performance (Q1 FY2026)

  • Total Income: ₹998.42
  • Revenue from operations: ₹989.44
  • Other Income: ₹8.98
  • Total Expenses: ₹955.24
  • Cost of raw materials and components consumed: ₹897.59
  • Changes in inventories: (₹349.57)
  • Employee benefits expenses: ₹164.04
  • Finance costs: ₹27.71
  • Depreciation and amortization: ₹6.96
  • Other expenses: ₹208.51
  • Profit before tax: ₹43.18
  • Total Tax Expenses: ₹10.69
  • Current tax: ₹11.37
  • Tax for earlier period: ₹0.00
  • Deferred tax assets: (₹0.68)
  • Net profit for the period: ₹32.49
  • Other Comprehensive Income (net of tax): ₹0.55
  • Total Comprehensive Income: ₹33.04
  • Paid-up Equity Share Capital: ₹802.00 (Face value ₹10 each)
  • Earnings Per Share (EPS)
  • Basic EPS: ₹0.43
  • Diluted EPS: ₹0.43

Comparative Performance

Vs. Q4 FY2026 (Audited):

  • Total Income decreased from ₹2,207.16 to ₹998.42
  • Net profit decreased from ₹118.38 to ₹32.49
  • Basic EPS decreased from ₹1.80 to ₹0.43

Vs. Q1 FY2025 (Unaudited):

  • Total Income increased from ₹910.63 to ₹998.42
  • Net profit increased from ₹24.40 to ₹32.49
  • Basic EPS increased from ₹0.37 to ₹0.43

Financial Results - Consolidated (₹ in lakhs)

Quarterly Performance (Q1 FY2026)

  • Total Income: ₹998.42
  • Revenue from operations: ₹989.44
  • Other Income: ₹8.98
  • Total Expenses: ₹955.24
  • Profit before tax and share of associate: ₹43.18
  • Share of Loss of associate (net of tax): (₹0.12)
  • Profit before tax: ₹43.06
  • Total Tax Expenses: ₹10.69
  • Net profit for the period: ₹32.37
  • Total Comprehensive Income: ₹32.92
  • Paid-up Equity Share Capital: ₹802.00
  • Earnings Per Share (EPS)
  • Basic EPS: ₹0.42
  • Diluted EPS: ₹0.42

Auditor's Qualified Opinion

Standalone Financials

V.R. Bansal & Associates issued a qualified opinion citing:

  • Balances under Trade Receivables and Trade Payables are subject to confirmations and adjustments
  • Financial Assets and Liabilities not measured at fair value as required by Ind AS-109
  • Impairment provisions not measured using Expected Credit Loss method
  • Inventory register not produced for verification, value based on management certification

Consolidated Financials

Additional qualifications for consolidated statements:

  • Parent company has not applied Equity method of accounting for investment in joint venture Shree-Cranex (JV) formed with Shree Construction
  • Balances under loans and advances subject to confirmations and adjustments
  • Includes financial information of associate (IFE Cranex Elevators & Escalators India Private Limited) with net loss of ₹0.12 lakhs, not reviewed by their auditors

Capital Structure Changes

During the quarter ended June 30, 2026:

  • 14,50,000 Convertible Warrants converted into equal number of Equity Shares of face value ₹10 each at issue price of ₹102 per share
  • 7,60,000 Convertible Warrants forfeited due to non-exercise of conversion option and non-payment of balance consideration

Governance and Approval Process

  • Board meeting held on August 13, 2026 from 3:00 PM to 5:00 PM
  • Results reviewed by Audit Committee and approved by Board of Directors
  • Signed by Chaitanya Agarwal, Whole Time Director (DIN: 05108809)
  • Company Secretary: Heena Sharma (Membership No.: A65512)

Segment Information

  • Company operates in one reportable business segment: manufacturing of EOT cranes and installation of escalators
  • Primary geographical segment: India