Crane Infrastructure shares surge on back of firm Q1 numbers

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Crane Infrastructure Ltd’s shares were up by 19.97 per cent after it reported a 683 per cent increase in profit for the quarter ending June 30, 2023, at Rs 83.86 lakh, compared to Rs 10.76 lakh during the corresponding quarter last year. 

Revenues were up 874 per cent at Rs 2.50 crore, compared to Rs 25.74 lakh last year. Sequentially, profits were higher compared to Rs 3.41 lakh in the previous quarter.

The shares of the company were up by 19.96 per cent at Rs 20 at 02.05 pm on the BSE.