Crown Lifters Q1 Results Revenue Increase to ₹763.44 Lakh and Profit Before Tax of ₹1,461.94 Lakh

Crown Lifters recently announced its financial results for the first quarter of the 2024-2025 fiscal year. The company, which specializes in providing crane services and construction equipment, reported a significant increase in revenue from operations, reaching ₹763.44 lakh.

This marks a strong performance compared to the same quarter last year, where the revenue stood at ₹506.55 lakh. The overall income for the quarter, including other income, totaled ₹793.30 lakh, showcasing the company's steady growth and its ability to maintain a strong position in the market.

In terms of profitability, Crown Lifters recorded a notable profit before tax of ₹1,461.94 lakh, a substantial rise from ₹117.09 lakh in the previous year's first quarter. This increase was driven by the company's efficient cost management and the absence of any major exceptional items during the period.

The net profit for the quarter, after accounting for tax expenses, was ₹1,095.66 lakh, highlighting the company's continued focus on delivering value to its shareholders and strengthening its financial foundation for future growth.

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Crown Lifters Q1 Results 2024 - 2025

Crown Lifters has released its financial results for the first quarter of the 2024-2025 fiscal year. Below is a summary of the key figures, comparing the current quarter's performance with previous periods:

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Crown Lifters Current Market Overview

Crown Lifters is currently trading at ₹280 per share, reflecting a 2.00% decrease. The company has a market capitalization of ₹314 crore, with its stock reaching a high of ₹325 and a low of ₹44.8 over the past year. The stock has a price-to-earnings (P/E) ratio of 51.6, indicating its valuation in the market.

With a book value of ₹32.1 per share and a dividend yield of 0.14%, Crown Lifters shows solid financial performance, with a return on capital employed (ROCE) of 18.4% and a return on equity (ROE) of 19.3%.

Quarterly Results

Here is a summary of Crown Lifters's financial performance for the quarters ending December 2023, March 2024, and June 2024:

About Crown Lifters 

Crown Lifters is an India-based company that has been a leader in the crane hiring industry since its establishment in 1984. Founded by Shri Kamruddin V Jaria, the company provides a wide range of construction equipment, specializing in crawler-mounted cranes and tire-mounted telescopic boom cranes with lifting capacities ranging from 14 metric tons to 750 metric tons.

Over the years, Crown Lifters has built a strong reputation for reliability and commitment, earning the trust of some of India’s largest and most prestigious companies. Their dedication to quality service has also led them to be listed on India’s National Stock Exchange.