Urja Global reports Q2 profit and revenue growth amid audit concerns

For the quarter ended September 30, 2025, Urja Global Limited reported a consolidated profit before exceptional items and tax of INR 41.50 Lakh, an increase from INR 35.18 Lakh in the same quarter last year. Total income for the quarter reached INR 1,552.83 Lakh, up from INR 1,977.16 Lakh in Q2 2024. Half-year consolidated profit before tax stood at INR 138.35 Lakh, compared to INR 68.60 Lakh for the half year ended September 30, 2024.

Total consolidated income for the half year ended September 30, 2025, was INR 3,513.57 Lakh, an increase from INR 3,033.55 Lakh in the corresponding period last year. Revenue from operations for the quarter was INR 1,549.75 Lakh, contributing to a half-year total of INR 3,450.90 Lakh. The company's managing director, Mohan Jagdish Agarwal, approved these results following a review by the audit committee.

However, the audit review also highlighted several concerns, including a lack of documentary evidence for investments in Mines Projects and outstanding loans, non-reversal of GST Input Tax Credit against dues of INR 34,24,65,614/-, and unaccrued interest on significant loans. Total outstanding receivables amounted to INR 67.82 Crores and payables of INR 41.20 Crores as of September 30, 2025, with a substantial portion aged over 180 days.