Ujaas Energy Limited has informed the Exchange about General Updates
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Ujaas Energy's board approved unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations dropped sharply to Rs. 264.89 Lakhs from Rs. 628.85 Lakhs in the same quarter last year, a decline of about 58%. However, total income stood at Rs. 920.99 Lakhs (vs Rs. 1,071.57 Lakhs) supported by Rs. 395 Lakhs in bad debts recovered and Rs. 173 Lakhs interest income from an arbitration award related to a 15 MW solar power plant from Hindustan Aeronautics Limited. Net profit was Rs. 248.60 Lakhs (vs Rs. 381.51 Lakhs). The company also allotted 45.06 Lakhs bonus shares during the quarter, with promoters forgoing their entitlement to meet Minimum Public Shareholding norms. The auditor issued a Qualified Opinion due to Rs. 6.70 Lakhs of uncredited interest on Axis Bank fixed deposits, and an Emphasis of Matter flagging that Axis Bank has not given effect to the NCLT-approved resolution plan, leaving Rs. 735.93 Lakhs still outstanding as per the bank's books.
Operational revenue weakness is a concern, though one-off recoveries masked the decline in headline profit. The Axis Bank disputes (both on fixed deposit interest and the NCLT resolution plan) remain unresolved and could be a drag until settled. Bonus shares will dilute existing shareholding, but the promoter sacrifice helps maintain public shareholding compliance.