Ujaas Energy Limited has informed the Exchange regarding 'financial results for the period ended 31-Mar-2025 in Machine Readable Form / Legible copy'.
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Ujaas Energy's board approved audited standalone results for Q4 and FY25 on May 28, 2025, with a qualified opinion from auditor Ashok Khasgiwala & Co. LLP. FY25 revenue from operations was Rs. 2,693.51 lakhs (vs Rs. 2,672.64 lakhs in FY24), but total revenue dropped to Rs. 3,435.52 lakhs from Rs. 5,287.28 lakhs largely due to the demerger of the transformer and power trading businesses. Profit after tax stood at Rs. 885.04 lakhs, sharply lower than Rs. 2,895.57 lakhs in FY24, which had benefited from one-time exceptional gains of Rs. 2,891.65 lakhs linked to the NCLT resolution plan. The auditor flagged two qualifications: unconfirmed trade receivables of Rs. 2,874.88 lakhs and Axis Bank FD interest of Rs. 25.81 lakhs not credited by the bank. An emphasis of matter notes that SBI and Axis Bank have not implemented the NCLT-approved resolution, leaving Rs. 3,546.07 lakhs still showing as outstanding. The company appointed a new internal auditor and secretarial auditor and plans to sell a vacant shed in Indore.
The qualified opinion, combined with unresolved bank confirmations and Rs. 2,874.88 lakhs of unconfirmed receivables, raises red flags on financial reporting quality and could weigh on investor sentiment. Operating cash flows remained positive at Rs. 277.62 lakhs, but shrinking core revenue and pending bank reconciliations may keep the stock under pressure until these issues are resolved.