The Board of Directors at their meeting held today viz 27th May 2026 inter-alia approved Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026
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UCAL Limited reported a standalone net loss of Rs. 9,676.68 Lakhs for FY26 versus a profit of Rs. 2,260.38 Lakhs in FY25. Revenue grew 10.9% to Rs. 64,664.34 Lakhs. Consolidated revenue rose 4.4% to Rs. 83,782.06 Lakhs with a net loss of Rs. 3,332.32 Lakhs (vs loss of Rs. 1,628 Lakhs in FY25). The large loss was primarily due to a Rs. 10,368.27 Lakhs exceptional charge from fair valuation write-down of investments following dilution of the company's stake in its US subsidiary UCAL Holdings Inc. from 100% to 10%. An additional Rs. 239 Lakhs charge related to new labour code implementation was also recorded as exceptional. The statutory auditor issued an unmodified (clean) opinion on the results.
The exceptional investment write-down due to subsidiary dilution significantly distorted FY26 profitability, masking underlying operational performance. Excluding these one-off items, the company would have shown a profit. The stake reduction in the US subsidiary changes the group's structure going forward.