Universus Photo Imagings Limited (UPIL) has released its financial results for the second quarter and half-year ended September 30, 2025, presenting a mixed picture with standalone profit but consolidated loss.

Standalone Performance

On a standalone basis, UPIL reported a profit of ₹620.00 lakhs for Q2 FY2026, showing a decrease from ₹893.00 lakhs in the previous quarter. The company's revenue from operations declined to ₹497.00 lakhs in the current quarter from ₹899.00 lakhs in the preceding quarter.

Consolidated Results

The consolidated financial results paint a different picture:

While the consolidated loss has improved quarter-over-quarter, the significant decline in revenue indicates challenging market conditions.

Key Financial Metrics (Standalone)

Based on the income statement data:

The standalone figures show improvement across key metrics compared to the previous quarter, despite the overall decline in revenue reported earlier.

Investment in Foreign Associate

During the quarter, UPIL made a significant investment:

• Amount invested: ₹12,518.00 lakhs
• Purpose: Subscription towards a rights issue of shares offered by JPF Netherlands BV
• Status: Allotment pending as of September 30, 2025

Audit Status of Foreign Associate

It's important to note that the audit of the foreign associate company, JPF Netherlands BV, for the financial year 2024-25 remains incomplete. The consolidated results were prepared based on unaudited figures certified by management.

Conclusion

Universus Photo Imagings Limited's Q2 FY2026 results present a complex financial picture. While the standalone entity shows profitability and improvement in key metrics, the consolidated results reflect ongoing challenges. The significant investment in JPF Netherlands BV and the pending audit status of this foreign associate add layers of complexity to the company's financial position. Investors and stakeholders may want to closely monitor the completion of the foreign associate's audit and the impact of the rights issue subscription on future consolidated results.

Universus Photo Imagings Limited (UPIL) has successfully defended itself against allegations of oppression and mismanagement in a recent case before the National Company Law Tribunal (NCLT). The NCLT Allahabad Bench dismissed a petition filed by shareholder Mr. Ankit Jain under Sections 241-242 of the Companies Act, 2013, ruling in favor of the company on October 15, 2025.

Case Details

The petition, filed by Mr. Jain, alleged instances of oppression and mismanagement in the affairs of Universus Photo Imagings. However, after careful consideration, the NCLT dismissed the petition without imposing any costs on either party.

Company's Response

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Universus Photo Imagings provided additional disclosures regarding the NCLT order. The company's Company Secretary, Mr. Suresh Kumar, confirmed the following details:

Implications for Investors

The dismissal of the petition by the NCLT is a positive outcome for Universus Photo Imagings. The company has stated that there are no expected financial implications, penalties, or restrictions resulting from this order. This resolution may help alleviate any concerns among shareholders regarding the alleged mismanagement issues.

Universus Photo Imagings Limited, formerly known as Jindal Photo Imaging Limited, is listed on both the National Stock Exchange and the Bombay Stock Exchange. The company's corporate office is located in Gurugram, Haryana, with its registered office in Bulandshahr, Uttar Pradesh.

Investors and stakeholders can access the full NCLT order on the tribunal's website for more detailed information about the case and its resolution.