In the latest quarter Q1'26, CRNC's Gross Margin reached 86.3%, reflecting a strong recovery and peak performance, while Operating Margin stood at 25.5%, indicating improved operational efficiency. However, Net Profit Margin declined to -4.6%, suggesting persistent challenges in bottom-line profitability despite gains in gross and operating levels. Over the period from Q2'23 to Q1'26, Gross Margin exhibited an overall upward trend, rising from 63.4% to 86.3% with notable peaks in Q1'24 (81.0%) and Q1'26, though it experienced volatility including a dip to 63.7% in Q4'24. Operating Margin showed significant fluctuations, improving from -30.1% in Q2'23 to a high of 42.3% in Q1'24 before plunging to -50.3% in Q3'24 and stabilizing around positive territory in recent quarters like Q1'26. Net Profit Margin followed a volatile path, turning positive briefly at 17.2% in Q1'24 but suffering deep losses of -409.8% in Q2'24 and -444.5% in Q3'24, with the series remaining predominantly negative and highlighting ongoing pressures on net earnings.