Virat Crane Industries Ltd — Board Meeting, 29-05-2025: Board Meeting

Virat Crane Industries Ltd. has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported revenue from operations of ₹13,919.95 lakh for FY 2024-25, up from ₹13,447.81 lakh the previous year. Profit before tax stood at ₹629.65 lakh versus ₹1,144.39 lakh last fiscal; profit after tax was ₹466.55 lakh against ₹1,012.26 lakh. The decline reflects the absence of a one-time exceptional provision and write-off adjustments seen in the prior year. No defaults on loans or debt securities were reported. The board appointed a new secretarial auditor for five years and reappointed the internal auditor for FY 2025-26. The statutory auditor issued an unmodified opinion on the audited results. Legal action is underway to recover goods valued at ₹4.75 crore held by a cold storage operator, affecting inventory availability but with no impairment provision made yet.