Uravi Defence and Technology Limited , a player in the automotive and defence sectors, has reported a narrowed loss for the quarter ended September 30, 2025, showcasing improvements in its financial performance.

Financial Highlights

The company's unaudited financial results for Q2 FY2026 reveal:

All figures in lakhs

Improved Performance

Uravi Defence and Technology has shown progress in reducing its losses compared to the same period last year. The net loss for Q2 FY2026 stood at ₹51.76 lakh, down from ₹78.05 lakh in Q2 FY2025, marking a 33.7% improvement.

Segment-wise Revenue

The company's revenue breakdown for Q2 FY2026 highlights a strong performance in the defence segment:

• Defence Segment: ₹200.85 lakh
• Automotive Segment: ₹0.54 lakh

This indicates that the defence sector is currently the primary revenue driver for the company.

Half-Year Results

For the half-year ended September 30, 2025:

• Standalone net loss: ₹74.56 lakh (vs ₹78.05 lakh in H1 FY2025)
• Consolidated net loss: ₹108.08 lakh

Corporate Actions

The Board of Directors approved these results in a meeting held on November 10, 2025. The company has also disclosed that during FY 2024-25, it issued 15,00,000 partly paid share warrants on a preferential basis, convertible into equity shares. As of the latest report, 2,60,000 warrants were converted into equity shares at an average price of ₹165 per share.

Looking Ahead

While Uravi Defence and Technology continues to face challenges, the reduction in losses and the strong performance of its defence segment suggest potential for future growth. The company's focus on the defence sector, which contributed significantly to its revenue this quarter, may indicate a strategic shift or emphasis on this higher-performing segment. However, it remains to be seen how the automotive segment will develop and contribute to the overall business in future periods.

Uravi Defence and Technology Limited , formerly known as Uravi T and Wedge Lamps Limited, has submitted revised financial results for the first quarter of the fiscal year 2026 due to an inadvertent error in the previously filed unaudited financial results. The company has requested stakeholders to disregard the earlier submission.

Standalone Performance

The revised standalone results show a decline in both revenue and profitability compared to the previous quarter:

Consolidated Performance

On a consolidated basis, the company also reported lower figures:

Segment-wise Performance

Uravi Defence and Technology operates in two segments:

1. Automotive Segment: Contributed Rs. 909.77 lakhs to consolidated revenue
2. Defence Segment: Contributed Rs. 92.40 lakhs to consolidated revenue

Share Warrant Conversion

During the quarter, the company converted 1,00,000 share warrants into equity shares at an average price of Rs. 330 per share. This follows the conversion of 2,60,000 warrants in the previous fiscal year, out of a total of 15,00,000 warrants issued.

Management Commentary

Kaushik Damji Gada, Whole-time Director & CFO, signed off on the revised financial results. The company's board meeting to approve these results was held on August 12, 2025, commencing at 4:18 P.M. and concluding at 4:45 P.M.

Auditor's Review

GBCA & Associates LLP, the company's statutory auditors, conducted a limited review of the financial results for the quarter ended June 30, 2025. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Investors and stakeholders are advised to refer to these revised results for an accurate representation of Uravi Defence and Technology Limited's financial performance for the first quarter of FY2026.