Urja Global Limited, a player in the electric vehicle and renewable energy sector, has announced its unaudited financial results for the first quarter of fiscal year 2026, along with significant corporate developments and ongoing regulatory challenges.

Financial Performance

For the quarter ended June 30, 2025, Urja Global reported:

• Standalone revenue of ₹1,129.08 lakh
• Net profit of ₹60.51 lakh

On a consolidated basis, the company's performance showed:

• Revenue from operations of ₹1,901.15 lakh
• Net profit of ₹96.86 lakh

The company's segment-wise revenue breakdown reveals:

Corporate Developments

The Board of Directors has made several key decisions and appointments:

1. New Leadership: Mrs. Saumya Srivastava has been appointed as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval. Mr. Manish Kumar joins as the new Company Secretary, Compliance Officer, and Key Managerial Personnel.

2. Fundraising Plans: The board granted in-principle approval to raise up to $500 million through various securities, including convertible instruments, warrants, and debt instruments. This move aims to propel growth, finance business opportunities, and augment long-term resources.

3. Annual General Meeting: The 33rd Annual General Meeting is scheduled for September 24, 2025, to be held virtually through video conferencing or other audio-visual means.

Regulatory Challenges and Auditor Concerns

The company faces several regulatory issues and auditor concerns:

1. SEBI Penalties: Urja Global has been imposed with penalties totaling ₹90 lakh by SEBI for non-compliance with disclosure norms under the LODR Regulations. The company has filed an appeal against this order.

2. GST Demands: Multiple GST-related demands and notices have been received, including:

   • A demand of ₹44.17 lakh for ITC mismatch
   • A penalty of ₹17.21 crore under Section 122(1)(ii) and ₹17.02 crore under Section 122(1)(vii) of the CGST Act
   • Various other GST demands totaling several crores

3. Auditor Concerns: The limited review report highlighted several issues:

   • Lack of documentary evidence for mine project investments worth ₹46.35 crore
   • Outstanding receivables of ₹73.18 crore, with ₹65.62 crore aged over 180 days
   • Pending liabilities of ₹36.04 crore outstanding for more than two years
   • Non-reversal of GST input tax credits amounting to ₹36.04 crore

4. Income Tax Matters: The company has outstanding tax liabilities of ₹6.71 crore for various years, as per the Income Tax Portal.

Management Response

The company management has stated that they have responded to all notices within the provided time limits and are actively pursuing appeals and resolutions for the various regulatory challenges.

Urja Global's ability to navigate these regulatory hurdles while executing its ambitious growth plans will be crucial for its future performance and investor confidence.

Urja Global Ltd , a key player in the renewable energy sector, has reported robust financial results for the fourth quarter, showcasing significant growth in both revenue and profit.

Revenue Surge

The company announced a substantial increase in its revenue, which climbed to ₹171.80 crore in Q4. This marks a notable rise from ₹130.00 crore recorded in the same quarter of the previous year, representing an impressive year-over-year growth of approximately 32%.

Profit Boost

Urja Global's consolidated net profit for the quarter also saw a considerable uptick. The company reported a net profit of ₹8.10 crore, up from ₹5.00 crore in the corresponding quarter last year. This translates to a remarkable year-over-year increase of about 62%.

Quarter-on-Quarter Improvement

The financial results also indicate a positive trend in the company's quarter-on-quarter performance. The net profit of ₹8.10 crore in Q4 shows a significant improvement from ₹5.30 crore reported in the previous quarter, marking a growth of approximately 53%.

Financial Performance Overview

To better illustrate Urja Global's financial performance, here's a breakdown of the key figures:

The strong financial results demonstrate Urja Global's continued growth trajectory and its ability to enhance both top-line and bottom-line performance. The significant improvements in revenue and profit figures suggest that the company's strategies and market positioning are yielding positive outcomes in the competitive renewable energy sector.