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Ujaas Energy Ltd
| Audited Standalone Financial Results – Q4 & FY 2025-26
Summary : Ujaas Energy Limited reported qualified standalone financial results for FY26, highlighting unconfirmed receivables and interest income discrepancies, alongside board committee reconstitution and capital raising plans.
Quarterly Report Analysis & Insights
Financial Disclosures
- Total Expenses: Rs. 2,119.61 Lakhs (FY26)
- Cost of materials consumed: Rs. 511.94 Lakhs
- Employee benefits expense: Rs. 348.13 Lakhs
- Other expenses: Rs. 1,195.41 Lakhs
- Trade receivables of Rs. 2855.44 Lakhs unconfirmed
- Total Revenue: Rs. 2,602.20 Lakhs (FY26)
- Solar Power Plant Operation: Rs. 1,707.04 Lakhs
- Manufacturing and sale of Solar Power Systems: Rs. 573.45 Lakhs
- EV: Rs. 27.87 Lakhs
- Net Cash from Operating Activities: Rs. 437.58 Lakhs (FY26)
- Net Cash from Investing Activities: (Rs. 402.15) Lakhs (FY26)
- Net Cash from Financing Activities: (Rs. 15.40) Lakhs (FY26)
- Total Assets: Rs. 11,710.48 Lakhs (FY26)
- Total Equity: Rs. 8,866.54 Lakhs (FY26)
- Total Liabilities: Rs. 2,843.94 Lakhs (FY26)
- NCLT approved resolution plan by SVA Family Welfare Trust
- Preferential issue to SVA Family Welfare Trust
- Standalone Audited Financial Results
Corporate Overview
- Registered Office: Indore, Madhya Pradesh, India
- Qualified audit opinion on financial results for FY26
- Significant unconfirmed trade receivables
- Discrepancy in accrued interest income
- Solar Power Plant Operation
- Manufacturing and sale of Solar Power Systems
- EV (Electric Vehicles)
- Formal, compliant, and factual in reporting regulatory outcomes.
- Solar Power Plant Operation
- Manufacturing and sale of Solar Power Systems
- Un-allocable Income
- Proposal for preferential issue of equity shares
- Allotment of shares against convertible RA loan
- Management Committee empowered for strategic projects/investments
Risk Factors
- Qualified audit opinion on financials
- Significant unconfirmed trade receivables
- Discrepancy in accrued interest income
- Uncertainty from new labor codes
Key Drivers
- Preferential issue to raise capital
- Allotment of shares against RA loan
- Management Committee for strategic ventures
- Recovery of bad debts and interest
Auditor’s Report
- Qualified Opinion
- Unconfirmed trade receivables aggregating Rs. 2855.44 Lakhs
- Discrepancy in accrued interest income of Rs. 80.21 Lakhs
Board Commentary
- Reconstitution of the Management Committee
- Qualified audit opinion on financial results
- Unconfirmed trade receivables
- Discrepancy in accrued interest income
- Compliance with SEBI Listing Regulations
- NCLT approved resolution plan implementation
- Impact assessment of new Labour Codes
- Preferential issue of 1,275.70 Lakhs equity shares
- Allotment of 2,400 Lakhs equity shares against RA loan
Corporate Governance
- Auditors adhere to Code of Ethics
- Independent Director on Management Committee (Mr. Nilesh Kumar Rathi)
- Management Committee reconstituted
- Audit Committee reviewed financial results
- Qualified audit opinion on financial results
- Lack of external confirmation for significant receivables
Management Discussion & Analysis
Future Strategy
- Raising capital through preferential issue
- Implementing NCLT approved resolution plan
- Management Committee to pursue strategic ventures
Performance Drivers
- Increased revenue from Solar Power Plant Operation
- Other income includes recovered bad debts and interest
Critical Risks
- Audit qualifications on financial statements
- Unconfirmed trade receivables of Rs. 2855.44 Lakhs
- Discrepancy in accrued interest income of Rs. 80.21 Lakhs