Cranes Software International Ltd (512093)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Cranes Software's revenue was ₹1.2 Cr (-1.7% year on year, -51.8% on the previous quarter), and net profit ₹-1.2 Cr (a smaller loss than a year earlier); the operating margin was -98.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.2 | -1.7% | -51.8% |
| Operating profit | ₹-1.2 | loss narrowed | loss widened |
| Net profit | ₹-1.2 | loss narrowed | to loss |
| EPS (₹) | -0.06 | loss narrowed | to loss |
| Operating margin | -98.5% | — | — |
📢 Recent Corporate Announcements
Cranes Software International approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, accompanied by extensive auditor qualifications. Statutory auditors noted that the company should not prepare accounts on a going concern basis given substantial negative net worth and multiple defaults. The qualifications highlight non-provision of interest on overdue debt, including Rs 290.85 cr in FCCBs (defaulted since April 2011) and Rs 390.06 cr in bank loans, as well as unprovided expected credit losses of Rs 9.26 cr on US subsidiary exposure.
- Auditors explicitly stated that the company should not prepare financial statements on a going concern basis.
- Redemption of FCCB debt of Rs 29,085.00 lakh (42 million Euros) remains unpaid and overdue since April 2011.
- Interest was not provided for the quarter on FCCB loans (Rs 29,085.00 lakh), bank loans (Rs 39,006.21 lakh), and UPS Capital borrowings (Rs 696.37 lakh).
- Under Ind AS 109, the company omitted an Expected Credit Loss (ECL) provision of Rs 926.24 lakh on investments and receivables from its US subsidiary.
- CBI chargesheet filed by Bank of India remains stayed under an interim order by the Karnataka High Court.
Cranes Software International approved its unaudited financial results for the quarter ended June 30, 2026, accompanied by severe auditor qualifications. The statutory auditor explicitly stated that accounts should not be prepared on a going concern basis due to deep negative net worth and extensive defaults. Significant unserviced liabilities include Rs 290.85 cr in FCCBs (overdue since April 2011) and Rs 390.06 cr in bank loans where interest was not provided. Furthermore, non-provision of Expected Credit Losses on US subsidiary exposures understated quarterly losses by Rs 9.26 cr.
- Auditor stated accounts should not be prepared on a going concern basis due to deep insolvency and negative net worth
- Overdue Foreign Currency Convertible Bonds (FCCBs) of Rs 29,085.00 lakh (42 million Euros) remain unredeemed since April 2011
- Interest not provided for Bank Loans of Rs 39,006.21 lakh and overdue UPS Capital loan of Rs 696.37 lakh
- Failure to provide lifetime ECL on US subsidiary exposure understated the quarterly loss by Rs 926.24 lakh
- CBI chargesheet filed by Bank of India remains active, subject to an interim stay by the Karnataka High Court
Cranes Software International has scheduled a board meeting for August 14, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is in severe financial distress with a negative net worth of ₹861 Cr and total debt of ₹448 Cr as of the latest filings. While the March 2026 quarter showed a marginal profit of ₹0.25 Cr, the TTM revenue remains extremely low at ₹7 Cr. Investors should monitor if the company can sustain operational viability given its massive debt-to-revenue ratio of approximately 64x.
- Board meeting scheduled for August 14, 2026, to consider Q1 FY27 results.
- Company reported a negative net worth of ₹861 Cr against a market cap of only ₹66 Cr.
- Total debt stands at ₹448 Cr, which is 64 times the TTM revenue of ₹7 Cr.
- Promoter holding remains critically low at 4.64% as of March 2026.
- Operating profit margin for the trailing twelve months is deeply negative at -49.9%.
Cranes Software International Ltd has scheduled a board meeting for August 14, 2026, to approve its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of ₹861 Cr and a massive debt of ₹448 Cr. Despite a small profit of ₹0.25 Cr in the March 2026 quarter, the TTM revenue remains low at ₹7 Cr. Investors should note the extremely low promoter holding of 4.64%, which adds to the risk profile.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Company reports a negative net worth of ₹861 Cr against a market cap of ₹66 Cr
- Total debt stands at ₹448 Cr, which is 64x the TTM revenue of ₹7 Cr
- Promoter holding remains critically low at 4.64% as of March 2026
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