Elango Industries Ltd — Results, 23-05-2025: Integrated Filing

Elango Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported revenue of Rs. 1.09 lakh for the latest quarter, down sharply from Rs. 90.32 lakh in the previous quarter, with a consolidated loss after tax of Rs. 5.53 lakh versus Rs. 3.44 lakh earlier. The annual loss widened to Rs. 21.69 lakh. Key assets stood at Rs. 471.10 lakh with net worth at Rs. 377.23 lakh. Audit highlights a qualified opinion due to uncertainty over recoverability of a long-pending electricity subsidy receivable of about Rs. 1.1 Cr and unconfirmed related party balances of Rs. 3.17 Cr, which are under corporate insolvency proceedings. Management expects recovery and believes these will not materially impact financials. The company maintains a going concern status.