Croissance Ltd (531909)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Croissance's revenue was ₹0.0 Cr, and net profit ₹0.0 Cr (-100.0% year on year); the operating margin was -266.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | -89.3% |
| Operating profit | ₹-0.1 | loss narrowed | to loss |
| Net profit | ₹0.0 | -100.0% | — |
| EPS (₹) | 0.00 | — | — |
| Operating margin | -266.7% | — | — |
📢 Recent Corporate Announcements
Croissance Ltd reported a standalone net profit of ₹0.66 lakhs for the quarter ended June 30, 2026, down from ₹1.36 lakhs in the previous year's corresponding quarter. Total revenue stood at ₹12.29 lakhs, but was heavily supported by 'Other Income' of ₹9.05 lakhs. A major concern is the statutory auditor's qualified opinion, noting a lack of supporting documentation for this ₹9.05 lakhs of income. The company also announced a rebranding of its real estate business to 'CROISSANCE REALTY'.
- Standalone revenue from operations fell to ₹3.24 lakhs from ₹13.02 lakhs in the year-ago quarter.
- Other income of ₹9.05 lakhs accounts for approximately 74% of the total standalone revenue.
- Standalone net profit declined by 51.4% year-on-year to ₹0.66 lakhs.
- Statutory auditors issued a qualified opinion due to lack of documentation for ₹9.05 lakhs of recognized income.
- Promoter holding has decreased from 59.75% in June 2025 to 47.04% as of March 2026.
Statutory auditors M/s. YCRJ & Associates resigned from Croissance Ltd effective July 31, 2026. The auditors cited multiple critical reasons, including outstanding unpaid fees, an inadequate fee structure for the expanded workload, and the inability to carry out audit procedures due to the company's geographical relocation. This governance development occurs against a backdrop of negligible TTM revenue (Rs 0 Cr) and a significant decline in promoter holding from 59.75% in June 2025 to 47.04% in March 2026.
- Statutory Auditor M/s. YCRJ & Associates resigned effective July 31, 2026.
- Auditor cited outstanding unpaid fees and an inadequate fee structure as primary reasons for exit.
- Geographical relocation of operations prevented the auditor from performing necessary audit procedures.
- Promoter holding has dropped by 12.71% over the last four reported quarters (from 59.75% to 47.04%).
- Company reported a very low revenue of Rs 0.61 Cr for FY26 with an operating margin of -21.31%.
Croissance Ltd has scheduled a board meeting for August 5, 2026, to review and approve unaudited financial results for the quarter ended June 30, 2026. The company is currently operating on a very thin financial base, with FY26 total revenue at just ₹0.61 cr and several quarters showing zero revenue. The trading window for insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are announced. Investors should be aware of the significant decline in promoter holding, which dropped from 59.75% in June 2025 to 47.04% by March 2026.
- Board meeting scheduled for August 5, 2026, to approve Q1 FY27 results
- Trading window closed from July 1, 2026, until 48 hours after result declaration
- Company reported a minimal FY26 revenue of ₹0.61 cr
- Promoter holding has decreased by 12.71% over the last four reported quarters
- Operating profit margin remains highly negative at -164.3% on a TTM basis
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