United Heat Transfer reported a revenue from operations of ₹7,287.91 lakh for the financial year ended March 31, 2026, an increase from ₹6,681.45 lakh in the previous year. Net profit for the period stood at ₹500.62 lakh, compared to ₹530.29 lakh in FY25. The Board of Directors approved the audited standalone financial results during a meeting held on May 27, 2026.

The statutory auditors, M/s Kayde & Associates, issued an unmodified opinion on the audited standalone financial statements for the year ended March 31, 2026. The company’s earnings per equity share (basic and diluted) for the year were reported at 2.63.

Financial Performance

Total expenses for the year increased to ₹6,242.01 lakh from ₹5,542.72 lakh in the prior year. Profit before tax for the year stood at ₹678.93 lakh, a decrease from ₹711.70 lakh in the previous year. Finance costs for the year were ₹260.73 lakh, down from ₹337.07 lakh in the previous year.

Key Financial Metrics (Year Ended March 31, 2026)

Corporate Governance and Appointments

The Board reviewed and approved the Internal Audit Report for the period from October 1, 2025, to March 31, 2026. Based on the recommendation of the Audit Committee, the Board appointed M/s Anuj Joshi & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27. The appointment is effective for one year from April 1, 2026, to March 31, 2027.

The Board also noted the recommendations of the Stakeholders' Relationship Committee and the Audit Committee. Additionally, the Board approved the certificate issued by the Chief Financial Officer and Managing Director pursuant to Regulation 33(2)(A) and 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

IPO Proceeds Utilization

The company confirmed that the entire net proceeds of ₹27.083 crore raised through its Initial Public Offer have been utilized for the original objects as stated in the offer document. There was no deviation in the utilization of funds. The proceeds were used for repayment of loan, funding working capital requirements, and general corporate purposes.

Utilization of IPO Proceeds

The Board provided general authority to the directors for e-filing during FY 2026-27 and incorporated a circular resolution passed on April 27, 2026, regarding the application for a Director Identification Number (DIN) for Mr. Sandeep Bodake. The company also approved applications to the Maharashtra Pollution Control Board for 'Consent to Establish' and for obtaining licences from the Industrial Safety and Health Department.

united heat transfer has announced the receipt of a purchase order from Ingersoll-Rand (India) Limited for the manufacturing and supply of heat exchangers. The order, valued at approximately ₹30,08,000 excluding tax, is scheduled for execution at the company's domestic plant. The intimation was made to the National Stock Exchange of India Ltd. on May 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The purchase order entails the manufacturing and supply of heat exchangers to a domestic client. The transaction has been classified as a domestic order and is not a related party transaction. The company confirmed that neither the promoters nor the promoter group has any interest in the entity awarding the order.

Delivery Schedule

The execution of the order is to be completed according to a specific delivery timeline. The schedule for the supply of items is as follows:

Financial and Commercial Terms

The broad consideration for the contract stands at approximately ₹30,08,000, excluding taxes. The significant terms and conditions outlined in the order specify that the payment terms are net 45 days. This order represents a new business engagement for United Heat Transfer Limited, contributing to its order book for the financial year.