Results for the quarter ended 31.03.2023
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Unipro Technologies Ltd filed its audited financial results for Q4 and FY ended March 31, 2023. Revenue from operations was nil across all reported periods, and the company reported a net loss of ₹11.63 lakhs for FY23, narrower than the ₹20.09 lakh loss in FY22. Total expenses stood at ₹11.63 lakhs vs ₹20.09 lakhs in the previous year, giving a basic EPS of (₹0.19). On the balance sheet, total assets were ₹562.14 lakhs, with equity share capital of ₹608.49 lakhs but deeply negative other equity of (₹403.42 lakhs), leaving total equity at just ₹205.07 lakhs. Cash and cash equivalents were extremely low at ₹0.14 lakh (vs ₹4.24 lakh a year earlier), with non-current borrowings of ₹80.06 lakhs and trade payables of ₹193.06 lakhs. The auditor (V Ravi & Co.) issued an unmodified/unqualified opinion on the results. The filing was also accompanied by a later clarification noting the company had been delisted, faced suspension, and obtained a Securities Appellate Tribunal order in February 2025 reinstating its listing and unfreezing promoter demat accounts, with compliances being completed to revoke the suspension.
The company continues to post losses with effectively zero operating revenue and a deeply eroded net worth (negative other equity), which raises red flags for retail investors despite the unqualified audit opinion. The ongoing SAT-driven reinstatement process adds uncertainty around trading liquidity and regulatory standing.