Uravi Defence and Technology Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
URAVIDEF · price
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Uravi Defence and Technology Limited reported FY26 standalone revenue of Rs. 3,862.05 Lakhs, down 6.6% from Rs. 4,134.54 Lakhs in FY25. Standalone net profit declined to Rs. 131.70 Lakhs from Rs. 178.58 Lakhs (down 26%), with EPS falling to Rs. 1.16 from Rs. 1.62. On a consolidated basis, net profit from continuing operations dropped to Rs. 111.54 Lakhs from Rs. 177.87 Lakhs (down 37%). The company completed the sale of its 50.01% stake in SKL India (Private) Limited during Q4, resulting in Rs. 91.23 Lakhs profit from discontinued operations. The statutory auditors issued an un-modified opinion on standalone results but a modified opinion on consolidated results. Additionally, Spafax International Holding Limited became an associate with Rs. 72.05 Lakhs share of profit included based on unaudited management accounts.
Revenue and profit declined year-on-year, indicating weaker performance. The modified audit opinion on consolidated results and reliance on unaudited management accounts for the associate represent auditor concerns that may concern investors. However, operating cash flow turned positive and the share warrant conversions injected Rs. 1,881 Lakhs in financing.