Ujaas Energy Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
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Ujaas Energy's board approved its Q1FY26 (ended June 30, 2025) unaudited standalone results, reporting revenue from operations of Rs. 264.89 Lakhs, down sharply from Rs. 628.85 Lakhs in the same quarter last year. Total income stood at Rs. 920.99 Lakhs, boosted significantly by Rs. 395 Lakhs in recovered bad debts and Rs. 173 Lakhs in interest income from a HAL arbitration award. Net profit came in at Rs. 248.60 Lakhs (EPS Rs. 0.22) versus Rs. 381.51 Lakhs (EPS Rs. 0.36) a year earlier. The Solar Power Plant segment swung to a Rs. 114.03 Lakh loss from a Rs. 321.21 Lakh profit last year, while the Manufacturing segment improved. The company also allotted 45.06 Lakh bonus shares, with promoters waiving their entitlement to meet minimum public shareholding norms. The Implementation & Monitoring Committee (set up after the NCLT-approved resolution plan in October 2023) was dissolved, and the scope of the Board's Management Committee was widened.
Core operating revenue nearly halved year-on-year and the solar power business turned loss-making, raising concerns about underlying business health even as headline profit looks healthy. The auditor flagged a qualified opinion on Rs. 6.70 Lakhs of uncredited Axis Bank FD interest and an emphasis-of-matter on Rs. 735.93 Lakhs still shown outstanding by Axis Bank despite the NCLT resolution plan — these unresolved bank issues remain a lingering risk for shareholders.