Please find enclosed herewith Un-Audited Financial Results for the Quarter ended 20th JUne, 2025.
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United Leasing & Industries Ltd reported weaker Q1 FY26 results. Revenue from operations fell to Rs 143.45 lakhs from Rs 153.48 lakhs in Q1 FY25, a decline of about 6.5%. Total revenue stood at Rs 143.74 lakhs vs Rs 154.57 lakhs. The company slipped into a small loss with a Profit After Tax of Rs (0.35) lakhs compared to a profit of Rs 10.63 lakhs a year ago. EPS turned negative at Rs (0.01) vs Rs 0.35. The auditor (R K Bhalla & Co.) issued an unmodified review report but highlighted several matters: no interest income booked on Rs ~1.67 lakhs of loans given to group companies, no interest expense booked on Rs ~1.58 lakhs of borrowings from group companies and key management personnel, and that land revaluation was last done in FY22. There was also a change in statutory auditor from M/s Ravi Ranjan & Co. LLP to R K Bhalla & Co.
The shift from a profit to a small loss and revenue decline suggest near-term pressure on earnings, while the unbooked interest items and related-party loans indicate governance and disclosure weaknesses that shareholders should watch. The auditor change may warrant attention to consistency in future reporting.