Results for the quarter and half year ended 30.09.2023
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Unipro Technologies reported unaudited results for Q2 FY24 and H1 FY24, filed over a year late due to the company's prior delisting from BSE and subsequent SAT-ordered reinstatement. The company showed zero revenue from operations for all reported periods, with only other income and expenses recorded. Net loss for Q2 FY24 was Rs. 5.31 lakhs and for H1 FY24 was Rs. 7.96 lakhs, against a full-year FY23 loss of Rs. 11.63 lakhs. The balance sheet as of September 2023 shows total assets of Rs. 562.07 lakhs, with negative reserves of Rs. 411.37 lakhs against equity capital of Rs. 608.49 lakhs, and a cash balance of just Rs. 0.35 lakhs. Auditor V. Ravi & Co. issued an unmodified limited review report.
This is a significant red flag for shareholders — the company has effectively no operating revenue, deeply negative reserves, and minimal cash, raising serious doubts about its ability to continue as a going concern. The stock has been through a delisting-SAT-reinstatement cycle, meaning shareholders have already faced liquidity and compliance disruption, and the underlying business fundamentals appear extremely weak.