Ujaas Energy Limited3 Months ended Results & Financial Update

Ujaas Energy Limited: 3 Months ended standalone results and company financials – revenue ₹5.19 Cr, PAT ₹2.75 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: UELPublished 30 Oct 2026Reported 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹5.19 CrReported 3 Months ended
Profit after tax₹2.75 CrReported 3 Months ended
Sequential change-15.3%Quarter-on-quarter

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Quarterly Results AnalysisExplore Ujaas Energy 3 Months ended quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Ujaas Energy Limited reported operating revenue of INR 5.19 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter.

02

Total income for the quarter stood at INR 7.87 crore, supported by other income items during the period.

03

Profit before tax (PBT) for the quarter was recorded at INR 3.60 crore, while profit after tax (PAT) came in at INR 2.75 crore, reflecting a sequential moderation from the preceding quarter.

04

Basic earnings per share (EPS) for the standalone un-audited quarter was INR 0.21, compared to INR 0.24 in the quarter ended June 30, 2026.

05

The statutory auditors issued a qualified conclusion regarding an uncredited accrued interest amount on fixed deposits with Axis Bank, resulting in a difference between the books of account and bank confirmation.

06

Solar power plant operations remained the primary revenue and segment result contributor during the quarter, offset by operating losses in the manufacturing and EV segments.

01 · Business model

What does Ujaas Energy do?

Ujaas Energy Limited operates primarily in the solar power sector, with business activities encompassing solar power generation and the manufacturing and sale of solar power systems.

Headquartered in Indore, Madhya Pradesh, the company serves industrial and commercial customers while managing a portfolio of utility-scale and rooftop solar assets.

02 · Financial snapshot

Current quarter vs the available comparable

Metric3 Months endedPrevious quarter
Revenue from operations₹5.19 Cr₹3.03 Cr
Total income₹7.87 Cr₹10.22 Cr
Profit before tax₹3.60 Cr₹4.26 Cr
Profit after tax₹2.75 Cr₹3.25 Cr
EPS₹0.21₹0.24

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 53.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 69.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹2.68 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Solar Power Plant Operations

Solar power plant operations generated net segment revenue of INR 6.65 crore for the quarter ended September 30, 2026.

Other Income

Other income contributed INR 2.68 crore to the total income of the company during the quarter.

What drove margins

Cost of Materials Consumed

Cost of materials consumed stood at INR 0.80 crore for the quarter.

Employee Benefits and Other Expenses

Employee benefits expense was reported at INR 0.79 crore, while other expenses formed a major cost component at INR 2.54 crore.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Solar Power Plant Segment

The solar power plant operation segment reported net segment revenue of INR 6.65 crore and a segment profit of INR 3.46 crore before finance costs.

Manufacturing and Sale of Solar Power Systems

The manufacturing and sale of solar power systems segment recorded net revenue of INR 0.01 crore and a segment loss of INR 0.45 crore.

Electric Vehicles (EV) Segment

The EV segment registered revenue of INR 0.02 crore with a segment loss of INR 0.07 crore.

05 · Reported developments

What changed operationally

Profitable Operations

The company maintained positive net profitability with a PAT of INR 2.75 crore for the September 2026 quarter.

06 · Items worth noticing

The line items that can distort a quick read

Fixed Deposit Interest Reconciliation

Note 2 of the financial results highlights an unreconciled difference of INR 89.37 lakh between books of account and bank confirmation regarding accrued interest on fixed deposits with Axis Bank.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹3.90 CrHalf Year ended 30th September 2026
Capital expenditure₹-0.01 CrHalf Year ended 30th September 2026

Capital allocation & funding

Current Borrowings

Current borrowings stood at INR 24.00 crore as of September 30, 2026, unchanged from March 31, 2026.

Finance Costs

Finance costs for the quarter were recorded at INR 0.02 crore.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

The financial results were subjected to a limited review by statutory auditors Ashok Khasgiwala & Co. LLP, leading to a qualified conclusion.

09 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue and Profit Movement

Revenue from operations increased from INR 3.03 crore in Q1 FY27 to INR 5.19 crore in Q2 FY27, while PAT moderated from INR 3.25 crore to INR 2.75 crore over the same period.

10 · Key Q&A

The quarter, answered directly

What does Ujaas Energy do?

Ujaas Energy Limited operates primarily in the solar power sector, with business activities encompassing solar power generation and the manufacturing and sale of solar power systems.

What is the clearest takeaway from 3 Months ended?

Ujaas Energy Limited reported operating revenue of INR 5.19 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter.

What drove revenue or demand?

Solar power plant operations generated net segment revenue of INR 6.65 crore for the quarter ended September 30, 2026.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 0.80 crore for the quarter.

What changed operationally beyond the headline numbers?

The financial results were subjected to a limited review by statutory auditors Ashok Khasgiwala & Co. LLP, leading to a qualified conclusion.

What should the next disclosure help confirm?

Resolution of the bank confirmation difference of INR 0.89 crore regarding fixed deposit interest with Axis Bank.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Resolution of Audit Qualification: Resolution of the bank confirmation difference of INR 0.89 crore regarding fixed deposit interest with Axis Bank.

  2. 02

    Segment Turnaround: Performance trajectory of the manufacturing and EV segments relative to the core solar power generation business.

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Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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