Krowniq Ltd Reports First Quarter Results, Approves Unaudited Standalone and Consolidated Financials
Krowniq Limited, formerly known as Lykis Limited, has released its unaudited financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved these results, which include both standalone and consolidated performance data. The results are presented in Lakhs.The company noted that it had undergone a name change from Lykis Limited to Krowniq Limited, effective July 30, 2026. This transition occurred following the completion of a Share Purchase Agreement and an Open Offer, which resulted in changes to the company's control and management during the quarter.
Standalone Financial Performance (Q1 Ended June 30, 2026)
The standalone results for Krowniq Limited showed total income of 10,246.87 Lakhs. Expenses amounted to 9,725.50 Lakhs.| Particular | Quarter Ended June 30, 2026 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|
| Revenue from Operations | 9,939.09 | 9,208.44 |
| Total Income | 10,246.87 | 9,369.68 |
| Total Expenses | 9,725.50 | 26,176.27 |
| Profit/(Loss) before tax | 521.37 | (98.18) |
| Tax Expense | 138.84 | 173.98 |
| Profit for the period | 382.53 | (98.18) |
The company's earnings per share (EPS), calculated on a basic and diluted basis, was reported at 1.97 (not annualised).
Consolidated Group Results (Q1 Ended June 30, 2026)
The consolidated results reflect the performance of Krowniq Limited and its subsidiaries, including Lykis Export LLC, Goldspan Exports Private Limited, Parshav Infra Market Private Limited, Tidagela Industries Private Limited, and Exnora Trade Private Limited.| Particular | Consolidated Quarter Ended June 30, 2026 | Consolidated Quarter Ended March 31, 2026 |
|---|---|---|
| Revenue from Operations | 12,668.32 | 14,540.08 |
| Total Income | 12,964.56 | 6,774.29 |
| Total Expenses | 12,436.68 | 38,839.68 |
| Profit before exceptional items and tax | 527.88 | (45.87) |
| Profit for the period | 389.03 | 195.39 |
The consolidated EPS attributable to owners of the company was reported at 1.01 (not annualised).
Operational and Management Updates
During the quarter, Krowniq Limited incorporated three new wholly owned companies, amounting to Rs. 45.60 lakhs in standalone results, which are included in Other Expenses in the consolidated results. Furthermore, the registered address of the company was changed from Road, Opp. Gundecha, Symphony, Andheri - West, to Sonawala Lane, Near Goregaon Station, Goregaon (East).The management structure has been updated following the transaction completion. Mr. Nadir Dhrolia ceased to be the Managing Director effective June 15, 2026, and Mr. Jitendra Kumar Ranka was appointed as the Managing Director, effective May 25, 2026.
Stock Price Movement
As of 12:54, Lykis Ltd shares are ticking up at ₹51.40, climbing 5.74% in current trading. The stock has moved within a wide intraday range, fluctuating between a low of ₹48.00 and an intra-day high of ₹52.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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