Paisa Paisa Kahan Gaya? (The Profit Plunge)
Urja Global ne apne Q3 FY26 ke results announce kiye hain, aur numbers dekh kar lagta hai investors thode pareshan ho jayenge. Company ka consolidated net profit 40.55% toot kar ₹24.67 Crore pe aa gaya hai, jo pichhle saal isi quarter mein ₹41.50 Crore tha. Revenue bhi 25.06% gir kar ₹1161.42 Crore ho gaya. Earnings Per Share (EPS) bhi ₹0.005 ho gaya hai, jo pehle ₹0.009 tha. Haalanki, nine months ka total profit thoda 1.37% badha hai, jo ₹115.30 Crore hai, lekin Q3 ka drop bahut bada hai.
Auditor Ki Report: Sab Gadbad Hai Kya? (Governance Gaps)
Asli drama toh auditor ki report mein hai! Auditor ne kuch aise points uthaye hain jo bilkul bhi normal nahi lag rahe:
- Documents Gayab: Company ne mines projects mein kiye gaye investments aur loans & advances ke liye koi sahi documents dikhaye hi nahi. Mines projects mein ₹46.35 Crore invest kiye gaye hain, lekin unka recover hona mushkil hai kyunki papers missing hain. Ye sab shayad 2021 mein hue GST raid ke baad hua hai.
- GST Ka Chakkar: Company ne ₹34.24 Crore ka GST Input Tax Credit (ITC) reversal nahi kiya hai, jo karna chahiye tha kyunki suppliers ko payment nahi hui thi. Ye tax regulations ko follow na karne ka issue hai.
- Promoter Ka Loan: Promoter company se liye gaye loan par ₹24.02 Crore ka interest accrue nahi hua hai. Iske alawa, company ne khud bhi kaafi loans diye hue hain, jiske baare mein details clear nahi hain.
- Ugly Debtors: Trade Receivables mein ₹70.59 Crore hain, jisme se ₹67.15 Crore 180 din se zyada purane hain. Party ya invoice wise details nahi hone se ye bhi pata nahi chal raha ki paisa wapas aayega ya nahi.
- Purani Liabilities: ₹34.25 Crore ki liabilities do saal se zyada samay se pending hain aur abhi tak solve nahi hui hain.
Aur Kya Tension Hai? (Regulatory Woes)
Profit girne ke alawa, company kuch aur problems mein bhi phansi hui hai:
- SEBI Ka Fine: SEBI ne Urja Global aur uski related companies par disclosure norms follow na karne ke liye ₹90 Lakh ka penalty lagaya hai. Company ne iske against appeal kiya hai.
- GST & DGGI Ke Maamle: GST aur DGGI departments ke saath ₹100 Crore se zyada ke disputes chal rahe hain, jaise ki ITC ko lekar. Company is par bhi appeals file kar rahi hai.
- Tax Ki Liabilities: Income Tax ke ₹6.23 Crore aur TDS ke ₹5.38 Lakh ka tax bhi pending hai.
Ab Urja Global ko apni governance issues solve karni hongi aur ye saare legal challenges se bahar nikalna hoga, warna investors ka trust aur bhi kam ho sakta hai.