Urja Global Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
URJA · price
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Urja Global Limited reported standalone revenue of Rs. 1,763.15 lakhs for FY 2025-26, up 26.7% from Rs. 1,391.52 lakhs in the previous year. Profit before tax grew 43.7% to Rs. 198.68 lakhs from Rs. 138.21 lakhs. The statutory auditor issued a QUALIFIED OPINION citing two key issues: (1) non-reversal of GST input tax credits worth Rs. 34.25 lakhs due to unpaid sundry creditors, and (2) absence of documentary evidence for Rs. 46.35 crore invested in Mines Projects (classified as capital work in progress) and Loans and Advances, following a GST department raid in July 2021 that seized all records. Additionally, the company failed to accrue interest on loans from promoter company Nandanvan Commercial Pvt Ltd (outstanding Rs. 23.17 crore) and other loans of Rs. 4.32 crore. The company also announced multiple management changes including appointment of new CEO, Company Secretary, and Internal Auditor, while the CFO and previous Company Secretary resigned.
The qualified auditor opinion raises concerns about documentation reliability and potential compliance issues, which could negatively impact investor confidence. However, strong revenue and profit growth indicate improved operational performance. Shareholders should monitor the unresolved GST and mining investment documentation issues.