United Leasing & Industries Ltd — Results, 13-05-2025: Result

United Leasing & Industries Ltd has announced a board meeting on which approved the revised audited financial results for the quarter and half-year ended March 31, 2024. The audit report carries a qualified opinion due to an unexecuted land sale agreement of Rs 2.80 Cr, where the sale consideration was incorrectly adjusted against the gross block of land instead of being recognized as a liability. This understatement affects both assets and liabilities. The company has not declared or paid any dividend during the year. Total revenue stood at Rs 719.58 lakh with a profit of Rs 8.39 lakh and earnings per share of Rs 0.28. Current borrowings rose to Rs 28.05 Cr from Rs 7.29 Cr, indicating increased financial leverage. The management plans to execute the sale deed to resolve the audit qualification.