Cranex Ltd

Cranex Limited announced it has received a Letter of Award for a new order valued at approximately Rs 1,87,44,300 from Eastern Railway, West Bengal, for the supply, installation, and commissioning of Traverser (Surface Type) - 80 TON. The order, awarded on 27th August 2026, requires the delivery of products by 25th May 2027 and does not involve any related party transactions; Cranex intends to fulfill the contract at arm’s length.

Cranex Limited announced it has received a Letter of Award for a new order valued at Rs 1,02,15,850 from North Central Railway, Jhansi, for the manufacture and supply of 50T EOT Cranes with accessories, with delivery expected by February 17, 2028. The order is considered a domestic contract and does not involve any related party transactions or interest from the company’s promoters or group entities.

Cranex Ltd share price declined by 2.40% to Rs 92.18 after the company's net profit tanked by 72.88% to Rs 0.32 crore, while revenue from operations dropped sharply 54.86% to Rs 9.89 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 2.7 lakh crore, gaining 3.63%. It has slipped by 0.28% over last one week and spiked sharply by 41.59% in last one month while the market capitalization of Cranex Ltd has eased by 0.90% and 36.83% in the same period respectively. Profit before tax (PBT) of Cranex Ltd stood at Rs 0.43 crore in Q2 FY26, jumping 38.71% year-on-year, and plunging by 73.78% quarter-on-quarter. EBITDA came in at Rs 1 crore, rising 3.45% YoY and tanking 65.91% sequentially. Total expenses slumped by 53.74% to Rs 9.28 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 8.98 crore, contracting by 16.39% YoY, while employee benefits expense was at Rs 1.64 crore, seeing a marginal contraction of 6.82% YoY. For the TTM ended FY26, revenue from operations fell 17.02% to Rs 51.54 crore, while net profit soared by 30% to Rs 1.95 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 93% to Rs 3.71 crore, and PBT expanded by 17.21% to Rs 2.52 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1.78 crore in FY26, as against Rs 1.12 crore in FY25. Cranex Ltd rallied 13.41% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

Cranex Limited will hold a meeting of its Board of Directors on Thursday, August 13, 2026, at 3:00 P.M. to consider and approve the unaudited financial results (standalone and consolidated) of the company along with a limited review report from auditors for the first quarter ended June 30, 2026, in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; the trading window for equity shares will remain closed for 48 hours after the declaration of the financial results.

Cranex has received fresh orders aggregating to approximately Rs. 18,52,38,040/- for manufacturing and supply of various EOT Cranes and related products. The fresh orders received by the Company include orders from BHEL and Indian Railways for workshop infrastructure projects. In addition, the Company's existing order book includes orders from BEML for railway projects including the Vande Bharat programme and orders for defence sector projects across India. With the addition of the aforesaid orders, the Company's total order book has crossed Rs. 100 crore.

Net profit of Cranex rose 22.92% to Rs 1.18 crore in the quarter ended March 2026 as against Rs 0.96 crore during the previous quarter ended March 2025. Sales rose 18.69% to Rs 21.91 crore in the quarter ended March 2026 as against Rs 18.46 crore during the previous quarter ended March 2025. For the full year,net profit rose 23.59% to Rs 2.41 crore in the year ended March 2026 as against Rs 1.95 crore during the previous year ended March 2025. Sales rose 7.43% to Rs 55.37 crore in the year ended March 2026 as against Rs 51.54 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales21.9118.46 19 55.3751.54 7 OPM %8.769.21 -8.208.01 - PBDT1.711.37 25 3.542.86 24 PBT1.641.26 30 3.232.52 28 NP1.180.96 23 2.411.95 24 Powered by Capital Market - Live

Cranex will hold a meeting of the Board of Directors of the Company on 29 May 2026.

Cranex has received purchase orders for manufacturing and supply of various products with order value amounting to Rs 6.30 crore.

Cranex has received a prestigious order worth Rs 3.65 crore from BHEL-Bhopal for the manufacture and supply of a 220/80 Ton Double Girder Electric Overhead Travelling (EOT) Crane. This order represents a historic milestone for the Company, as it is the first time in the Company's 53 year history that it has secured an order for the manufacturing of a crane of such high lifting capacity. Powered by Capital Market - Live

Cranex has received purchase orders from customers for manufacturing and supply of various products with order value amounting to Rs. 5,88,32,115/-. Powered by Capital Market - Live