KROWNIQ Ltd (530689)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, KROWNIQ's revenue was ₹127 Cr (+88.7% year on year, -12.9% on the previous quarter), and net profit ₹3.9 Cr (against a loss a year earlier); the operating margin was 3.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹127 | +88.7% | -12.9% |
| Operating profit | ₹3.7 | — | -4.4% |
| Net profit | ₹3.9 | from loss | +99.5% |
| EPS (₹) | 2.01 | from loss | +99.0% |
| Operating margin | 3.0% | — | — |
📢 Recent Corporate Announcements
Krowniq Ltd announced the resignation of its Chief Financial Officer, Mr. Shrigopal Kandoi, effective immediately on September 28, 2026, citing personal reasons. Additionally, the company formalized the resignation of Company Secretary & Compliance Officer Ms. Kinjal Rathod, which was effective retrospectively from August 14, 2026. The exit of key managerial personnel comes at a time when the micro-cap company carries Rs 77 Cr in debt against a net worth of Rs 36 Cr (D/E of 2.14).
- Resignation of CFO Mr. Shrigopal Kandoi effective immediately on 28th September, 2026
- Resignation of Company Secretary Ms. Kinjal Rathod effective from 14th August, 2026
- Board meeting commenced at 01:30 p.m. and concluded at 02:00 p.m. on 28th September, 2026
- Company carries total debt of Rs 77 Cr against TTM revenue of Rs 452 Cr
Krowniq Ltd announced the resignation of its Chief Financial Officer, Mr. Shrigopal Kandoi, effective immediately on September 28, 2026, citing personal reasons. Additionally, the company formalized the resignation of Company Secretary & Compliance Officer Ms. Kinjal Rathod, which was effective retrospectively from August 14, 2026. The exit of key managerial personnel comes at a time when the micro-cap company carries Rs 77 Cr in debt against a net worth of Rs 36 Cr (D/E of 2.14).
- Resignation of CFO Mr. Shrigopal Kandoi effective immediately on 28th September, 2026
- Resignation of Company Secretary Ms. Kinjal Rathod effective from 14th August, 2026
- Board meeting commenced at 01:30 p.m. and concluded at 02:00 p.m. on 28th September, 2026
- Company carries total debt of Rs 77 Cr against TTM revenue of Rs 452 Cr
Lykis Ltd (formerly known as Krowniq Limited) announced the resignation of Ms. Kinjal Rathod (ACS: 64403) from the post of Company Secretary and Compliance Officer, effective closing business hours on August 14, 2026. The intimation was filed pursuant to Regulation 30 of SEBI LODR Regulations. For a company with a market cap of ₹96 Cr and TTM revenue of ₹452 Cr, this secretarial departure is routine and carries no operational or financial disruption.
- Resignation of Company Secretary & Compliance Officer effective from August 14, 2026.
- Outgoing officer Ms. Kinjal Rathod holds membership number ACS: 64403.
- Disclosure submitted pursuant to SEBI LODR Regulation 30 and SEBI Circular dated July 13, 2023.
- Document digitally signed by Managing Director Jitendra Kumar Ranka on August 14, 2026.
Krowniq Limited (formerly Lykis Ltd) reported a strong turnaround in Q1 FY27, posting a consolidated net profit of ₹3.83 Cr compared to a loss of ₹0.46 Cr in the same quarter last year. Revenue from operations grew 48% YoY to ₹99.39 Cr, which accounts for approximately 25% of its TTM revenue. The quarter was marked by a significant change in management control, the appointment of a new Managing Director, and the incorporation of three new wholly-owned subsidiaries. The company also officially rebranded to Krowniq Limited effective July 30, 2026.
- Revenue from operations increased 48% YoY to ₹99.39 Cr from ₹67.15 Cr in June 2025
- Net profit turned positive at ₹3.83 Cr against a loss of ₹0.46 Cr in the year-ago period
- Basic EPS improved to ₹2.01 from -₹0.24 in the corresponding quarter of the previous year
- Incorporated 3 new wholly-owned subsidiaries in June 2026: Parshav Infra Market, Tidagela Industries, and Exnora Trade
- Management transition completed with Jitendra Kumar Ranka appointed as Managing Director effective May 25, 2026
Krowniq Limited (formerly Lykis Ltd) reported a significant financial turnaround in Q1 FY27, posting a consolidated net profit of ₹3.89 Cr compared to a loss of ₹0.46 Cr in the same quarter last year. Consolidated revenue grew 52.6% YoY to ₹102.47 Cr, representing approximately 26% of the company's TTM revenue. The quarter was marked by a change in control, with Mr. Jitendra Kumar Ranka taking over as Managing Director and the company rebranding to Krowniq Limited. Furthermore, the company expanded its footprint by incorporating three new wholly-owned subsidiaries in June 2026.
- Consolidated revenue increased to ₹102.47 Cr in Q1 FY27 from ₹67.15 Cr in Q1 FY26.
- Turnaround to a consolidated net profit of ₹3.89 Cr from a net loss of ₹0.46 Cr in the year-ago period.
- Incorporated 3 new wholly-owned subsidiaries: Parshav Infra Market, Tidagela Industries, and Exnora Trade in June 2026.
- Standalone CSR expenditure of ₹45.60 lakhs recognized in other expenses for the quarter.
- Management transition completed with Mr. Jitendra Kumar Ranka appointed as MD effective May 25, 2026.
Lykis Ltd (now Krowniq Limited) has completed the initial share capital subscription for two new wholly-owned subsidiaries: Parshav Infra Market Private Limited and Exnora Trade Private Limited. This follows earlier disclosures in May and June 2026, marking the formalization of these entities. The subsidiaries are expected to commence business operations shortly. With a current market cap of Rs 90 Cr and a high debt-to-equity ratio of 2.61, the success of these new ventures is important for the company's growth trajectory.
- Completion of initial subscription for 2 wholly-owned subsidiaries.
- Subsidiaries named: Parshav Infra Market Private Limited and Exnora Trade Private Limited.
- Follows previous regulatory disclosures dated May 28, 2026, and June 22, 2026.
- Business operations for both entities to commence in due course.
Lykis Ltd (now Krowniq Limited) has scheduled a board meeting for August 11, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is coming off a growth year in FY26, where revenue reached Rs 393 Cr compared to Rs 297 Cr in FY25. Investors will be monitoring if the high revenue momentum from Q4 FY26 (Rs 145.4 Cr) is sustainable. The company currently operates with a high debt-to-equity ratio of 2.61 and thin operating margins of 2.5%.
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results.
- Results will cover the three-month period ending June 30, 2026.
- Trading window is currently closed and will reopen 48 hours after the results are declared.
- Company reported a TTM PAT of Rs 6 Cr against a market cap of Rs 89 Cr.
- The meeting will be held at the company's registered office in Mumbai.
Lykis Ltd (now Krowniq Limited) has completed an initial investment of Rs 1,00,000 in its new wholly-owned subsidiary, Tidagela Industries Private Limited. The investment, made on July 30, 2026, represents the initial subscription to the subsidiary's share capital. Given the company's TTM revenue of Rs 393 Cr and net worth of Rs 41 Cr, this transaction is financially immaterial at this stage. This follows procedural disclosures initiated in May 2026 regarding the formation of this entity.
- Investment of Rs 1,00,000 for initial share capital subscription
- Transaction completed on July 30, 2026
- Tidagela Industries is a 100% wholly-owned subsidiary
- Investment represents approximately 0.0024% of the company's Rs 41 Cr net worth
Lykis Ltd has received approval from the Registrar of Companies (ROC) to change its name to Krowniq Limited, effective July 30, 2026. A fresh Certificate of Incorporation has been issued, and the company is now updating its Memorandum and Articles of Association. This administrative change requires the company to display its former name alongside the new one for the next two years. The company is currently coordinating with stock exchanges to reflect this change in trading records.
- Name change from Lykis Limited to Krowniq Limited effective July 30, 2026
- Fresh Certificate of Incorporation issued by ROC on July 30, 2026
- Requirement to display the old name for a period of 2 years per Section 12 of the Act
- Company is in the process of filing name change documents with Stock Exchanges
Lykis Ltd has announced the postponement of its Board Meeting originally scheduled for July 24, 2026. The meeting was intended to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company cited the non-availability of directors as the reason for the delay. A revised date for the meeting will be communicated to the exchanges in due course.
- Original board meeting date was scheduled for July 24, 2026
- Meeting purpose is to approve financial results for the quarter ended June 30, 2026
- Postponement is attributed to the non-availability of directors
- Trading window remains closed until 48 hours after the eventual declaration of results
- Company has a market capitalization of Rs 88 Cr and TTM revenue of Rs 393 Cr
Lykis Ltd has scheduled a board meeting for July 24, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this quarter following a strong March 2026 performance where revenue hit Rs 145.4 cr, a significant jump from previous quarters. Investors will be monitoring if the company can sustain this revenue scale while managing its high debt-to-equity ratio of 2.61 and thin operating margins of 2.5%. The trading window for insiders is currently closed and will reopen 48 hours after the results are announced.
- Board meeting scheduled for July 24, 2026, to approve Q1 FY27 results
- Company reported a TTM revenue of Rs 393 Cr against a small market cap of Rs 88 Cr
- March 2026 quarter revenue was Rs 145.4 Cr, significantly higher than the June 2025 quarter of Rs 67.15 Cr
- Debt-to-equity ratio remains high at 2.61 as per latest available context
- Trading window closure is in effect as per SEBI PIT Regulations
Lykis Ltd has approved the re-appointment of J A S S & CO LLP (formerly Singrodia & Co LLP) as its statutory auditors. The decision was finalized during the company's 42nd Annual General Meeting (AGM) held on July 15, 2026. The re-appointment is for a second term of five consecutive years, ensuring continuity in the company's financial oversight through the 47th AGM.
- Re-appointment of J A S S & CO LLP for a second term of 5 consecutive years
- Approval finalized at the 42nd Annual General Meeting held on July 15, 2026
- Auditor tenure extends from the conclusion of the 42nd AGM until the 47th AGM
- The firm was formerly known as Singrodia & Co LLP
Lykis Ltd has received shareholder approval at its AGM on July 15, 2026, to change its name to Krowniq Limited. The company is significantly altering its Memorandum of Association (MOA) by deleting legacy clauses related to tea gardens and partnership businesses. New business objects include wholesale cash and carry for construction materials, packaging manufacturing, and trading in commodities like extra neutral alcohol and government licenses (DFIA, RoDTEP). This represents a strategic pivot toward a broader trading and distribution model.
- Approved name change from Lykis Ltd to Krowniq Limited on July 15, 2026
- Deleted legacy object clauses related to the Iringmara Tea Estate and Sutodiya & Company
- Added new business lines for wholesale construction materials and packaging products
- Authorized trading in government licenses including DFIA and RoDTEP
- Re-adopted Articles of Association to align with the Companies Act, 2013 and SEBI LODR
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