Virat Crane Industries Limited has announced its un-audited financial results for the first quarter ended June 30, 2026. The company reported a net loss of ₹97.01 lakh for the period. This follows a review and approval by the Board of Directors on August 13, 2026. The results reflect the operational phase of a new plant and potential challenges in achieving breakeven.
Q1 FY27 Financial Performance
Virat Crane Industries Limited has released its un-audited financial results for the first quarter of the Financial Year 2026-27, which concluded on June 30, 2026. The Board of Directors reviewed and approved these results on August 13, 2026. During this period, the company reported a net loss of ₹97.01 lakh.
Operational Context
The company’s management attributes the current financial performance to the initial operational phase of its new plant, which commenced commercial operations after undergoing trial runs. Factors such as increased operational expenses and depreciation have contributed to negative profits in recent quarters. Management anticipates achieving operational breakeven during the third quarter of FY 2026-27, driven by anticipated improvements in capacity utilization, production efficiency, and cost management.
Key Financial Figures (Unaudited – Q1 FY27)
Total Income for the quarter stood at ₹4,468.01 lakh, while total expenses amounted to ₹4,565.02 lakh. This resulted in a loss before tax of ₹97.01 lakh, with no tax expenses recorded for the period, leading to the aforementioned net loss of ₹97.01 lakh.
Equity and Earnings per Share
The company’s paid-up equity share capital remains at ₹2,042.38 lakh. Basic and diluted earnings per equity share for the quarter were recorded at (₹0.47).
Source: BSE
