Result for the quarter and half year ended 30.09.2023
Price
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Awaiting price reaction for this filing.
Unipro Technologies Ltd reported its Q2 FY24 (ended 30.09.2023) and H1 FY24 results under SEBI Regulation 33. The company posted a net loss of Rs. 5.31 lakhs in Q2 FY24, compared to a loss of Rs. 2.65 lakhs in Q2 FY23, while H1 FY24 loss widened to Rs. 7.96 lakhs versus Rs. 5.34 lakhs in H1 FY23. Revenue from operations appears nil/missing for the quarter, which is unusual for an IT and software services company (its stated segment). The auditor V Ravi & Co. issued an unqualified limited review report with no qualifications. Balance sheet shows negative reserves and surplus of Rs. (411.37) lakhs (vs Rs. (403.42) lakhs as at 31.03.2023), indicating accumulated losses far exceed the equity share capital of Rs. 608.49 lakhs. Borrowings stood at Rs. 86.01 lakhs (up from Rs. 80.06 lakhs).
Persistent losses, negative net worth, and apparently zero operating revenue point to ongoing financial stress; the stock is risky for shareholders and the company shows no clear path to profitability in the near term.