Ujaas Energy Limited — Important, 04-02-2025: Updates

Ujaas Energy Limited's Board has approved the financial results for the quarter and nine months ending December 31, 2024. Total revenue for the quarter stands at ₹1,187.98 Cr, up from ₹622.49 Cr year-on-year, while revenue for the nine months reached ₹2,889.84 Cr, compared to ₹2,087.89 Cr in the previous year. The company recorded costs totaling ₹499.12 Cr for the quarter and ₹1,597.48 Cr for the nine-month period.

The profit before tax from continuing operations for the quarter is ₹688.86 Cr, a remarkable rebound from a loss of ₹1,676.61 Cr in the same quarter of the previous year. Overall profit from continuing operations after tax for the quarter is ₹393.27 Cr, showcasing a strong performance.

On the segment front, solar power plant operations generated significant revenue of ₹1,132.39 Cr. This operational strength points to a positive outlook for Ujaas Energy, with potential growth opportunities ahead. In contrast, some concerns linger regarding outstanding balances related to prior borrowings, totaling ₹3,546.07 Cr, as confirmations from banks are still awaited.