Financial Results for the quarter ended 30.09.2025
Awaiting price reaction for this filing.
Leel Electricals, which was under NCLT liquidation proceedings from December 2021 and was sold as a going concern to Krishna Ventures Limited (sale certificate issued June 2024), has reported its first half-year results under the new management. Revenue from operations jumped to ₹623.79 lakhs in H1 FY26 from just ₹0.58 lakhs in H1 FY25, reflecting the takeover-driven restart of operations. The company swung to a profit before tax of ₹50.58 lakhs compared to a loss of ₹9.66 lakhs in the same period last year. Total assets expanded sharply to ₹11,949.60 lakhs from ₹926.34 lakhs, supported by ₹9,718 lakhs raised through share allotment. However, operating cash flow was deeply negative at ₹(2,044.48) lakhs due to large working capital movements and capital expenditure of ₹7,952 lakhs. The statutory auditor issued a modified limited review report, flagging that results remain subject to adjustments as restructuring and share structure finalisation are still incomplete.
The results signal operational revival under the new promoter, but the modified auditor's view, negative operating cash flow, and incomplete capital restructuring leave meaningful uncertainty for shareholders. EPS remains uncomputable until the share base is finalised.