United Leasing & Industries Reports Q2 Loss, Appoints New Independent Director

United Leasing & Industries Limited (ULIL) has announced its financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance. The company also appointed a new independent director to its board.

Financial Performance

For the quarter ended September 30, 2025, ULIL reported:

The company's revenue from operations for Q2 2025 stood at Rs 170.81 lakhs, showing an increase from Rs 143.45 lakhs in the previous quarter. However, ULIL reported a loss of Rs 7.84 lakhs for the quarter, compared to a smaller loss of Rs 0.35 lakhs in Q1 2025.

For the half-year period ended September 30, 2025:

• Revenue from operations was Rs 314.26 lakhs, down from Rs 326.40 lakhs in the corresponding period of the previous year.
• The company reported a loss of Rs 8.19 lakhs, contrasting with a profit of Rs 24.85 lakhs in the same period last year.

New Independent Director Appointment

ULIL announced the appointment of Mr. Karm Sawhney as an Additional Director in the category of Non-Executive Independent Director. Key details of the appointment include:

• Appointment Date: November 12, 2025
• Term: Five consecutive years, until November 11, 2030
• Background: Mr. Sawhney is described as an aspiring Practicing Company Secretary with strong business acumen and experience in providing consultancy on various projects.

Auditor's Observations

The independent auditor's review report highlighted several points:

1. The company has not booked interest income of approximately Rs 3.56 lakhs on loans provided to group companies for the quarter ended September 30, 2025.
2. Interest expense of approximately Rs 3.23 lakhs on borrowings from group companies has not been recorded for the same period.
3. The company has adopted a revaluation model for its land under IND AS 16, with the last valuation conducted in FY 2021-22.

Outlook

While ULIL has shown an increase in quarterly revenue, the shift from profit to loss year-over-year indicates challenges in maintaining profitability. The appointment of a new independent director may bring fresh perspectives to the company's governance and strategic direction.

Investors and stakeholders should note the auditor's observations regarding unbooked interest income and expenses, which may impact the company's financial statements in future periods.