Cressanda Railway Solutions Reports Loss of Rs 358.24 Lacs in Q2 FY2026 Amid Project Setbacks

Cressanda Railway Solutions posted a net loss of Rs 358.24 lacs for the quarter ended September 30, 2025, compared to Rs 382.10 lacs loss in the corresponding quarter last year. The company significantly reduced its Work-in-Progress from Rs 2,454.66 lakhs to Rs 757.58 lakhs due to client non-performance and project milestone failures, while facing ongoing SEBI investigations and audit qualifications on loans and advances worth Rs 8,422.59 lacs.

Cressanda Railway Solutions Reports Quarterly Financial Results for Period Ended June 30, 2025

Cressanda Railway Solutions Limited released its unaudited standalone financial results for the quarter ended June 30, 2025. The company reported a profit of Rs 32.00 lakh for the quarter, compared to Rs 265.61 lakh in the corresponding previous year quarter. The company's equity share capital remained at Rs 4,227.35 lakh. The Audit Committee reviewed and the Board of Directors approved these results at their respective meetings held on August 12, 2025. The company operates under CIN L51900MH1985PLC037036 and was formerly known as Cressanda Solutions Limited.

Cressanda Railway Solutions Reports Audited Results with Multiple Audit Qualifications

Cressanda Railway Solutions Limited approved its audited financial statements for the year ended March 31, 2025, reporting a net profit of Rs 43.17 lakhs with total income of Rs 2,493.78 lakhs on a standalone basis. The consolidated results showed a net profit of Rs 54.08 lakhs with total income of Rs 3,695.87 lakhs. However, the auditors issued qualified opinions citing several concerns including inadequate documentation for loans and advances worth Rs 8,023.76 lakhs, ongoing SEBI investigations, non-compliance in rights issue proceeds utilization of Rs 4,106.10 lakhs, outstanding statutory dues of Rs 25.76 lakhs, and absence of edit log features in accounting software. The company also appointed M/s. Mehul Raval & Associates as Secretarial Auditors for five years from 2025-26 to 2029-30, subject to shareholder approval.

Cressanda Railway Solutions Approves Financial Results and Appoints New Secretarial Auditors

Cressanda Railway Solutions Limited's Board of Directors approved audited financial statements and results for the year and quarter ended March 31, 2025. The company reported revenue from operations of Rs 2,493.78 lakhs for the year compared to Rs 9,854.93 lakhs in the previous year. Net profit after tax stood at Rs 43.17 lakhs versus Rs 944.58 lakhs in the prior year. The Board also appointed M/s. Mehul Raval & Associates as Secretarial Auditors for a five-year term from 2025-26 to 2029-30, subject to shareholder approval. The company's total assets decreased to Rs 19,955.46 lakhs from Rs 16,574.35 lakhs, while total equity increased to Rs 15,417.61 lakhs from Rs 14,633.01 lakhs.