Leel Electricals Limited reported a significant turnaround in its standalone financial results for the quarter ended June 30, 2026, with net profit rising sharply to ₹96.01 lakh from ₹7.82 lakh in the corresponding period of FY25. Revenue from operations jumped 766% year-on-year to ₹1,281.71 lakh, up from ₹148.11 lakh in Q1FY26.

The results reflect the company’s transition phase following the National Company Law Tribunal (NCLT) Allahabad Bench’s approval of its sale as a going concern to Krishna Ventures Limited (KVL). The acquirer has initiated the takeover process, with the liquidator having issued a sale certificate in June 2024.

Financial Performance

The company’s total income stood at ₹1,281.99 lakh, driven primarily by operational revenue. Other income remained minimal at ₹0.28 lakh. Total expenses were recorded at ₹1,185.98 lakh, including purchase of stock-in-trade of ₹1,133.03 lakh and employee benefits expense of ₹57.75 lakh. A credit of ₹113.65 lakh from changes in inventories contributed to reducing the net expense burden.

Earnings per share (basic) were reported at ₹0.89, compared to nil in the prior year period. The company incurred no finance costs in the current quarter, a shift from ₹5.39 lakh in Q1FY26. Deferred tax expenses were nil for the quarter.

What the Numbers Show

The surge in revenue and profit is directly linked to the resumption of normal business operations post-liquidation proceedings. The absence of finance costs in Q1FY27, compared to the previous year, suggests improved liquidity or restructuring of debt obligations during the transition to the new ownership. The high proportion of stock-in-trade purchases relative to revenue indicates active inventory management in the early stages of the takeover.

Regulatory and Audit Details

The Board of Directors approved the unaudited standalone financial results on August 13, 2026. The results were reviewed by Vivek Mittal & Associates, Chartered Accountants, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor noted that the company is in the process of obtaining the latest shareholding data from its Registrar & Transfer Agent.

LEEL Electricals Limited has published its Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, through newspaper advertisements in Financial Express and JanSatta, dated May 16, 2026. The publication was communicated to BSE Limited and the National Stock Exchange of India Limited by Managing Director Neeraj Gupta. The results, approved by the Audit Committee and Board of Directors on May 14, 2026, confirm a decisive return to profitability for the company, with a net profit of ₹213.85 lacs for the full year, compared to a net loss of ₹76,111.00 lacs in the previous year.

Financial Performance Overview

The company's Standalone Audited Financial Results, prepared in accordance with Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules, 2015, reflect a significant operational turnaround. Revenue from operations for the full year stood at ₹2,891.93 lacs, while total income reached ₹2,910.28 lacs. Total expenses for the year were ₹2,695.22 lacs. Profit Before Tax for the year was recorded at ₹215.06 lacs, against a loss of ₹76,111.00 lacs in the prior year. The following table presents the key financial metrics for the full year:

Quarterly Performance

For the quarter ended March 31, 2026, the company reported total income from operations of ₹1,695.68 lacs, compared to ₹1.25 lacs in the corresponding quarter of the previous year. The quarterly financial highlights are presented below:

Operational Highlights and Auditor's Report

The Statutory Auditors, M/s Vivek Mittal & Associates, issued an audit report with an unmodified opinion on the standalone financial results. The company operates in a single business segment, the 'Manufacturing of Part of Air Conditioning Machines'. Segment revenue for the year totalled ₹2,910.28 lacs, with segment results at ₹215.06 lacs. The Board has not recommended any dividend for the financial year ended March 31, 2026.

Corporate Governance Updates

During the Board meeting held on May 14, 2026, the Board also approved a change in the address where the books of accounts are kept. The location has been moved from Greater Noida to Plot No. 5, 6-7, Sector-4, IIE SIDCUL, Pant Nagar, Rudrapur, Uttarakhand-263153. The Board additionally took note of the disclosures of interest by directors and the annual affirmation regarding compliance with the code of conduct. The full format of the financial results is available on the websites of BSE ( www.bseindia.com ), NSE ( www.nseindia.com ), and the company's website at www.leelelectric.com .