Ujaas Energy Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ujaas Energy Limited reported audited standalone financial results for the year ended March 31, 2026. Total revenue declined to Rs. 2,602.20 Lakhs from Rs. 3,435.52 Lakhs in the previous year, representing approximately a 24% drop. Profit after tax fell to Rs. 316.26 Lakhs compared to Rs. 885.04 Lakhs in FY2025, a decline of about 64%. The auditors issued a qualified opinion due to two issues: (1) trade receivables of Rs. 2,855.44 Lakhs without external confirmations from debtors, and (2) a discrepancy of Rs. 80.21 Lakhs between book records and bank confirmations for accrued interest on fixed deposits with Axis Bank. The company also announced appointment of a new internal auditor and reconstitution of its Management Committee.
The qualified auditor opinion raises concerns about the reliability of certain balance sheet items, particularly the large unreconciled trade receivables. The significant revenue and profit decline may weigh on investor sentiment, though the company remains profitable on a standalone basis.