Audited Financials results for the year ended 31.03.2024
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Awaiting price reaction for this filing.
Unipro Technologies reported zero revenue from operations for FY24, with no income from any source. Total expenses surged to ₹259.27 lakhs in FY24 from just ₹11.63 lakhs in FY23, driven mainly by a sharp jump in 'Other Expenses' to ₹256.61 lakhs. The company posted a net loss of ₹259.27 lakhs in FY24, massively wider than the ₹11.63 lakh loss in FY23, translating to a loss per share of ₹4.26. On the balance sheet, total equity turned negative at ₹(54.19) lakhs as accumulated losses ballooned to ₹662.68 lakhs, while cash and equivalents remained negligible at ₹0.14 lakhs. The statutory auditor issued an unqualified (clean) opinion on the results.
This is a deeply negative filing for shareholders — the company is loss-making, burning cash, has wiped out its equity base, and generated no operating revenue in FY24. With negative net worth and persistent losses, the stock carries significant solvency risk and is likely to remain under pressure until a credible revenue stream emerges.