Krowniq Q1 FY26 profit jumps 513% to ₹3.83 cr net

Key takeaway from the quarter

Krowniq Limited, formerly known as Lykis Limited, reported a sharp improvement in profitability for the first quarter of FY26. Standalone net profit rose 513% year-on-year (YoY) to ₹3.83 crore for the quarter ended June 30, 2026. The company is a Mumbai-based exporter of FMCG and cosmetics products. The quarterly update also comes amid corporate actions including a formal name change and board-level compliance filings under SEBI regulations.

Q1 FY26 revenue growth: consolidated numbers in focus

The company reported consolidated revenue from operations of ₹126.68 crore for Q1 FY26, an 89% increase compared with ₹67.15 crore in Q1 FY25. Alongside this, a metric table in the same set of details shows consolidated revenue from operations at ₹12.67 crore versus ₹6.72 crore a year ago. Both revenue figures are explicitly reported in the provided information, even though they differ by a factor of 10. The operating trend described remains that revenue increased materially on a YoY basis.

Profit recovery led by turnaround from last year

On the profitability front, standalone performance swung sharply from the year-ago quarter. Standalone net profit for Q1 FY26 was ₹3.83 crore versus a standalone loss of ₹0.98 crore in Q1 FY25. On a consolidated basis, net profit for Q1 FY26 is shown as ₹3.90 crore versus a consolidated loss of ₹0.46 crore in Q1 FY25. The data indicates a turnaround on both standalone and consolidated lines compared with the previous year.

Tax expense and EPS snapshot

The company disclosed total tax expenses of ₹1.39 crore for the period, after which net profit reached ₹3.83 crore. Earnings per share (EPS) in the metric table is shown at ₹1.97 for standalone Q1 FY26 versus ₹-0.51 in Q1 FY25. Consolidated EPS is shown at ₹2.01 in Q1 FY26 versus ₹-0.24 in Q1 FY25. These numbers point to a return to positive earnings and per-share profitability versus the year-ago quarter.

Board approval, audit review, and SEBI compliance

The Board of Directors approved the unaudited financial results on August 11, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by statutory auditors J A S S & Co. LLP, formerly Singrodia & Co. LLP. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410, as referenced in the provided details. The disclosures also include board meeting intimation language typically filed with stock exchanges.

Corporate developments: name change and subsidiary investment

Krowniq formally changed its name from Lykis Limited to Krowniq Limited, effective July 30, 2026. The change followed shareholder approval on July 15, 2026, at the 42nd AGM held via video conferencing. Separately, the company invested ₹100,000 (₹1 lakh) in Tidagela Industries Private Limited, its wholly-owned subsidiary. These corporate updates were highlighted alongside quarterly financial disclosures.

Board meeting schedule changes and trading window closure

The company had informed BSE that a board meeting was scheduled for July 24, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with limited review reports. It later disclosed that the meeting was postponed due to the non-availability of directors. A revised meeting date was to be announced to the stock exchanges in line with Regulation 29 of SEBI LODR, as per the filing language provided. The trading window was stated to remain closed until 48 hours after the declaration of the unaudited financial results, in line with SEBI PIT Regulations.

Market snapshot: reported prices and session move

The provided information notes that, as of August 2, 2026, Lykis share price was ₹46.3. It also notes that the stock gained 0.73% to close at ₹45.55 at the end of trade on a Monday session referenced in the text. These price points were shared alongside corporate intimation and quarterly-result context. No additional price movement data is included beyond these disclosures.

FY26 context from audited annual numbers

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹6.73 crore (₹672.97 lakh), up from ₹2.61 crore (₹260.99 lakh) in the previous year. Operational revenue including other income stood at ₹396.62 crore (₹39,661.76 lakh), while profit before tax was ₹8.22 crore (₹821.94 lakh). On a standalone basis for FY26, net profit was ₹3.72 crore (₹371.74 lakh) on revenue of ₹262.89 crore (₹26,289.31 lakh). The audited financial statements were prepared in accordance with Ind AS and SEBI Listing Regulations, and J A S S & Co LLP was re-appointed as statutory auditor for a second term of five years.

Key numbers table: Q1 FY26 vs Q1 FY25 (as reported)

Timeline of key disclosures and events

Market impact and why the update matters

The headline operational signal in the disclosures is the sharp improvement in profitability, with Q1 FY26 standalone net profit at ₹3.83 crore after a loss in Q1 FY25. The revenue figures also indicate strong YoY growth, although the provided information contains two different consolidated revenue values for the same quarter. From a compliance standpoint, the approval date of August 11, 2026, and the earlier postponement due to director unavailability highlight how board schedules can directly affect the timing of financial reporting. The trading window closure detail matters for market participants because it sets a clear rule on when trading by insiders can resume, tied to results disclosure.

Conclusion

Krowniq’s Q1 FY26 update combines a large YoY profit jump, higher reported revenue, and several governance and corporate milestones including a name change and board-meeting disclosures. The company has also documented the audit review framework and the SEBI LODR basis for its filings. The next key compliance step referenced in the disclosures is the ongoing flow of exchange communication around board decisions and results-related timelines, including the trading window reopening 48 hours after results are declared.