Results for the quarter and half year ended 30.09.2024
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Unipro Technologies reported zero revenue from operations for Q2 FY25 (Jul-Sep 2024) as well as for the first half (H1 FY25). The company posted a net loss of Rs. 1.80 lakh in Q2 FY25, slightly narrower than the Rs. 2.06 lakh loss in Q1 FY25. For the half year ended September 2024, the total loss stood at Rs. 3.86 lakh versus Rs. 7.86 lakh in the same period last year, showing some improvement from a very low base. Total expenses for the quarter were just Rs. 1.80 lakh, almost entirely made up of small employee costs (Rs. 0.50 lakh) and other expenses (Rs. 1.25 lakh). The company's operating cash flow for H1 FY25 was sharply negative at Rs. (149.56) lakh, and it funded itself through Rs. 63.79 lakh in borrowings from related parties. The statutory auditor (M M Reddy & Co.) issued an unmodified limited review report with no qualifications or concerns flagged.
The company continues to report no revenue and persistent losses, indicating it is operationally dormant or in turnaround mode. Shareholders should note the heavy reliance on related-party borrowings and the large negative operating cash flow, which raise questions about the company's ability to sustain operations independently. Despite the auditor's clean report, the business fundamentals remain very weak for retail investors.