Financial Results for the quarter ending on 31.03.2025
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering) reported its annual audited results for FY ended March 31, 2025, posting a net loss of ₹86.86 lakhs. Total income for Q4 FY25 was ₹71.77 lakhs versus ₹7.75 lakhs in Q3 FY25. The company was under NCLT-initiated liquidation and was sold as a going concern to Krishna Ventures Limited via a sale certificate dated June 12, 2024; the new acquirer is still completing the takeover and restructuring. The statutory auditor issued a modified opinion, noting that prior-period figures were unavailable and that results are 'subject to final adjustment'. The Board approved commencement of factory operations from May 10, 2025, backed by a ₹20 crore investment and an expected turnover of around ₹75 crore in FY26.
Persistent losses, negative equity, and a modified audit opinion are clear red flags, and the lack of prior-year comparable data limits visibility. However, the new management has kicked off factory operations with a ₹20 crore investment and is targeting ₹75 crore revenue in FY26, offering some recovery potential if execution holds up. Both the Company Secretary and CFO have resigned and been replaced, adding short-term governance churn for shareholders to watch.