The Un-Audited Financial Results of the Company for the quarter and Nine months ended December 31, 2025
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United Leasing & Industries reported Q3 FY26 revenue from operations of Rs 262.83 lakhs, up about 14% from Rs 229.77 lakhs in Q3 FY25. The company swung to a net profit of Rs 11.93 lakhs in Q3 from a loss of Rs 7.84 lakhs a year earlier, translating to EPS of Rs 0.40. However, nine-month profit fell sharply to Rs 3.75 lakhs from Rs 29.49 lakhs, weighed down by an exceptional item of Rs 10.08 lakhs booked in Q2. The auditor flagged three matters: (1) non-booking of about Rs 5.42 lakhs in interest income on loans given to group companies, (2) non-booking of about Rs 4.96 lakhs in interest expense on borrowings from group companies and key management personnel, and (3) the carrying value of land based on a valuation last done in FY 2021-22. The company also confirmed it lends to and borrows from its group companies and KMP relatives at 9.25% interest.
The quarterly return to profit is a positive sign, but the sharp drop in nine-month earnings and the auditor's flags on unrecorded interest from related-party lending and borrowing raise concerns about earnings quality and governance that shareholders should watch closely.