Ujaas Energy Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Ujaas Energy reported unaudited Q1FY26 (quarter ended 30 June 2025) results. Revenue from operations fell sharply to Rs. 264.89 lakhs from Rs. 628.85 lakhs in Q1FY25, a drop of about 58%. However, total income stood at Rs. 920.99 lakhs (vs Rs. 1,071.57 lakhs) helped by a steep jump in other income to Rs. 656.10 lakhs, which included a one-time Rs. 395 lakhs in recovered bad debts and Rs. 173 lakhs as interest on an arbitration award from HAL Nashik. Net profit came in at Rs. 248.60 lakhs (vs Rs. 381.51 lakhs), with EPS of Rs. 0.22. The Solar Power Plant segment swung from a Rs. 321.21 lakh profit to a Rs. 114.03 lakh loss, while the Solar Power Systems segment improved to Rs. 414.25 lakh profit. The Board also dissolved the NCLT Implementation and Monitoring Committee (set up after the 2023 resolution plan) with effect from 4 June 2025, and expanded the scope of the in-house Management Committee. The auditor issued a qualified conclusion on accrued Axis Bank FD interest of Rs. 6.70 lakhs not credited, and an Emphasis of Matter noting that Axis Bank has still not implemented the NCLT resolution plan, leaving an Rs. 735.93 lakh disputed balance.
The headline profit figure is flattered by Rs. 568 lakhs of non-operating, one-time income; underlying operations are weak with a steep fall in core revenue and a segment-level loss in solar power generation. Shareholders should note the qualified auditor report, the ongoing Axis Bank reconciliation issue, and the 45.06 lakh bonus shares issued to public shareholders (promoters waived their entitlement) which will dilute shareholding.