United Leasing & Industries reported a standalone net loss of ₹14.24 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹0.35 lakh in the same period last year. Operating revenue from operations declined to ₹107.71 lakh from ₹143.45 lakh in Q1FY26, reflecting a contraction in core business activity.

The Board of Directors approved the unaudited financial results on August 14, 2026. The company operates primarily in the textile embroidery segment and has recently ventured into sports academies.

Financial Performance

Revenue from operations fell significantly year-on-year, while total expenses remained relatively stable, widening the operational deficit. Other income was negligible at ₹0.00 lakh compared to ₹0.29 lakh in the prior year quarter.

Cost of materials consumed stood at ₹64.04 lakh, down from ₹77.31 lakh in the previous year quarter. Employee benefit expenses decreased to ₹12.73 lakh from ₹15.16 lakh. Finance costs were recorded at ₹5.78 lakh, lower than the ₹8.18 lakh incurred in Q1FY26. Depreciation and amortization expenses increased slightly to ₹16.62 lakh from ₹14.81 lakh.

What the Numbers Show

The primary driver of the company’s financial position this quarter was a non-operating gain rather than operational performance. While the core business posted a pre-tax loss of ₹14.24 lakh, the company recorded a ₹149.06 lakh gain (net of tax) in other comprehensive income due to the revaluation of a land parcel. This revaluation gain completely offset the operational loss, resulting in a total comprehensive income of ₹149.06 lakh for the quarter. Without this one-time accounting adjustment, the company would have reported a comprehensive loss consistent with its operating deficit.

Auditor Notes

R K Bhalla & Co., the independent auditors, noted that the company adopted the revaluation model for a land parcel which may fall under green belt or road widening areas. The management recorded the gain based on an independent expert’s fair value assessment. Additionally, the auditors highlighted that loans provided to and borrowings from related parties are short-term and demand-based, with no interest accrued or charged respectively.

United Leasing and Industries Limited has scheduled a meeting of its Board of Directors for Wednesday, May 27, 2026. The meeting will be held at the corporate office situated at D-41, South Extension, Part II, Delhi-110049. The primary agenda includes the consideration and approval of the standalone audited financial results of the company for the quarter and financial year ended March 31, 2026.

Agenda Details

The board will deliberate on the financial performance for the specified period. Apart from the financial results, the directors will consider any other matter with the permission of the Chair. This includes any business deemed fit or incidental and ancillary to the operations of the company.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for dealing in equity shares. This restriction applies to directors, officers, and designated employees. The window closed on April 1, 2026, and will remain closed until the end of 48 hours after the declaration of the audited financial results for the quarter and financial year ended March 31, 2026.

Meeting Information