Harig Crankshafts Ltd (500178)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Harig Crankshafts' revenue was ₹14.0 Cr, and net profit ₹10.0 Cr (against a loss a year earlier); the operating margin was 78.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹14.0 | — | +133.3% |
| Operating profit | ₹11.0 | — | +83.3% |
| Net profit | ₹10.0 | from loss | +150.0% |
| EPS (₹) | 9.65 | from loss | +137.7% |
| Operating margin | 78.6% | — | — |
📢 Recent Corporate Announcements
Harig Crankshafts Ltd has issued the notice for its 3rd Annual General Meeting (Post CIRP) scheduled for September 29, 2026, alongside releasing its FY26 Annual Report. Following the NCLT-approved resolution plan implemented by Palika Towns LLP, the company transitioned its core business from legacy crankshaft manufacturing to real estate development and civil engineering. For FY26, the company reported revenue from operations of ₹20.86 Cr and a Profit After Tax of ₹10.33 Cr, recovering from a net loss of ₹54.33 Cr in FY25.
- 3rd Post-CIRP AGM scheduled to be held on September 29, 2026 via video conferencing.
- Reported FY26 net revenue from operations of ₹20,85,880.39 hundreds (₹20.86 Cr) vs Nil in FY25.
- FY26 Profit After Tax reached ₹10,32,847.17 hundreds (₹10.33 Cr) against a net loss of ₹54,33,408.95 hundreds in FY25.
- Paid-up share capital stood at ₹10.50 Cr against an authorized share capital of ₹50.00 Cr.
- Core business objects amended to real estate development and civil engineering services post CIRP resolution.
Harig Crankshafts Ltd has been penalized ₹5,000 (plus 18% GST) by BSE Limited for a one-day delay in filing Related Party Transaction (RPT) disclosures for the half-year ended March 31, 2026. The disclosure was due on May 28, 2026, but was filed on May 29, 2026, due to technical issues. The Board of Directors reviewed the matter on August 13, 2026, and advised strengthening internal processes. Given the company's TTM revenue of ₹20 Cr, the financial impact of this fine is negligible.
- Penalty of ₹5,000 levied under Regulation 23(9) of SEBI LODR Regulations
- Delay of exactly 1 day in filing the XBRL disclosure (Due May 28, 2026; Filed May 29, 2026)
- Total fine payable including 18% GST is ₹5,900
- Board of Directors formally noted the delay in a meeting held on August 13, 2026
Harig Crankshafts approved its unaudited standalone financial results for the quarter ended June 30, 2026, in a board meeting held on August 13, 2026. The company is in a critical recovery phase, having reported Rs 21 Cr revenue in FY26 after a zero-revenue FY25. Despite a TTM PAT of Rs 10 Cr, the company faces significant financial stress with a negative net worth of Rs -52 Cr and total debt of Rs 65 Cr. The high promoter holding of 90% indicates tight control as the company attempts to sustain its recent operational turnaround.
- Board meeting approved unaudited standalone results for the quarter ended June 30, 2026
- Company carries a significant debt of Rs 65 Cr against a small market cap of Rs 16 Cr
- Net worth remains deeply negative at Rs -52 Cr as per latest financial context
- Promoter holding is concentrated at 90.0% as of the June 2026 quarter
- The board meeting concluded at 4:15 P.M. following a 2:15-hour session
Harig Crankshafts has approved its unaudited standalone financial results for the quarter ended June 30, 2026. The company is in a significant turnaround phase, having grown TTM revenue to Rs 20 Cr from zero in the previous year, with a TTM PAT of Rs 10 Cr. However, the financial position remains precarious with a negative net worth of Rs 52 Cr and total debt of Rs 65 Cr. Investors should note the high promoter holding of 90%, which has remained stable through this recovery period.
- Board approved unaudited standalone results for the quarter ended June 30, 2026
- TTM revenue has reached Rs 20 Cr, a sharp recovery from zero revenue in early FY25
- Company maintains a high promoter holding of 90.0% as of June 2026
- Debt levels remain high at Rs 65 Cr against a small market cap of Rs 16 Cr
- The board meeting concluded at 4:15 P.M. following a 2-hour 15-minute session
Harig Crankshafts has scheduled a board meeting for August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a strong FY26 where it reported a PAT of ₹10 cr on revenue of ₹21 cr, a significant turnaround from zero revenue in FY25. However, the company remains financially stressed with a negative net worth of ₹-52 cr and debt of ₹65 cr. Investors should monitor if the ₹14 cr revenue momentum seen in the March 2026 quarter is sustained.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Trading window has been closed since July 1, 2026, per insider trading regulations
- Company reported a TTM PAT of ₹10 cr against a market cap of only ₹14 cr
- Debt stands at ₹65 cr, significantly exceeding the current market capitalization
- Promoter holding remains high at 90.0% as of June 2026
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