Outcome of Board meeting held on 11.11.2025
Awaiting price reaction for this filing.
The Board of Leel Electricals approved its unaudited standalone financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 stood at Rs. 475.48 lakhs, a sharp jump from Rs. 0.58 lakhs in Q2 FY25, with total income of Rs. 475.68 lakhs. The company swung to a profit of Rs. 42.75 lakhs in Q2 FY26, compared to a loss of Rs. 9.66 lakhs in the year-ago quarter. For H1 FY26, revenue from operations was Rs. 623.60 lakhs and profit for the period was Rs. 50.58 lakhs, versus a loss of Rs. 86.86 lakhs in H1 FY25. Total assets grew to Rs. 11,949.60 lakhs as on September 30, 2025, driven by capital work-in-progress of Rs. 7,536.28 lakhs. EPS has not been reported as the company's share restructuring under the IBC resolution process is still ongoing. The auditor issued a modified review report citing the ongoing restructuring with Krishna Ventures Limited as the acquirer.
A clear operational revival with revenue and profits returning after the company was under NCLT liquidation. Investors should note the IBC-driven change in management by Krishna Ventures, the heavy capital expenditure underway, and the still-pending share capital restructuring, which means EPS and final shareholder structure remain uncertain.