XL Energy Limited Approves Audited Financial Results for Year Ended March 31, 2026
XL Energy Limited announced that its Monitoring Committee, along with the newly constituted board of directors/Successful Resolution Applicant, considered and approved the Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2026, along with the associated Audit Report. The approvals were formalized during the committee meeting held on May 30, 2026.The statutory auditors, M/s. Pavuluri & Co., Chartered Accountants, issued the audit report confirming the financial results.
Financial Performance Summary
The company's financial performance metrics for the year ended March 31, 2026, reveal the following figures (in Rs. Lakhs, excluding EPS):| Particulars | 3 months ended 31.03.2026 | Previous 3 months ended 31.12.2025 | Corresonding 3 months ended 31.03.2025 | Year to date figures for current period ended (12M) 31.03.2026 | Previous Accounting year ended 31.03.2025 |
|---|---|---|---|---|---|
| Other Income | 8.20 | 0.14 | 28.29 | 30.70 | 56.26 |
| Total Income | 8.20 | 0.14 | 28.29 | 30.70 | |
| Expenses (Cost of material consumed, etc.) | 252.51 | 252.51 | - | ||
| Total Expenses | 15.94 | ||||
| Profit/(Loss) for the period from continuing operations | (253.78) | 0.02 | 27.88 | (308.11) | 15.94 |
| Profit/(loss) for the period | (253.78) | 0.02 | 27.88 | (308.11) | 15.94 |
For the year ended March 31, 2026, the financial statements showed an Earnings Per Equity Share (EPS) of (19.24) Basic and (19.24) Diluted, compared to 0.07 in the previous period.
Balance Sheet and Cash Flow Highlights
The Statement of Assets and Liabilities as of March 31, 2026, and the Cashflow Statement for the year ended March 31, 2026, provide a comprehensive view of the company’s financial position.Statement of Assets and Liabilities (Rs. in Lakhs)
| PARTICULARS | As at 31/03/2026 | As at 31/03/2025 |
|---|---|---|
| TOTAL ASSETS | 3,441.94 | 1,071.22 |
| Equity Share Capital | 160.11 | 2,277.44 |
| Other Equity | (74,625.62) | (73,458.73) |
| TOTAL EQUITY & LIABILITIES | 3,441.94 | 1,071.22 |
| Borrowings | 75,068.84 | 74,493.17 |
| Creditors other than micro Enterprises and small Enterprises | 2,996.83 | 1.83 |
Cashflow Statement Summary (Rupees in Lakhs)
| Item | Amount |
|---|---|
| Net cash flow from operating activities | (531.88) |
| Net cash flow from financing activities | 531.84 |
| Cash and cash equivalents as at end of the year | 0.01 |
Corporate Restructuring and Status
The financial results are viewed against the backdrop of the company's Corporate Insolvency Resolution Process (CIRP), which commenced after the National Company Law Tribunal (NCLT), Hyderabad Bench, admitted an application on March 27, 2023.In February 2024, the Committee of Creditors approved a Resolution Plan submitted by a consortium of applicants. This Resolution Plan was subsequently approved by the NCLT, Hyderabad Bench, vide order dated April 19, 2024.
During the current financial year, the company underwent several structural changes as per the Resolution Plan and NCLT directions:
- Share Capital Reduction: The preference shareholder's shares were cancelled without consideration. Furthermore, the entire equity shareholding of existing promoters/promoter group/relatives was cancelled without consideration.
- Allotment: The Successful Resolution Applicants (SRA) were allotted 15,21,000 equity shares of Rs. 10 each, fully paid up, against infused funds. Additionally, 80,100 equity shares of Rs. 10 each were issued to existing public shareholders in lieu of their current shareholding.
However, the Resolution Plan had not been fully implemented as of March 31, 2026, citing pending directions or outcomes from the NCLAT, procedural delays, and the suspension of trading by NSE and BSE.
The company's status changed from Delisted to Suspended effective May 28, 2025, on both BSE and NSE, due to pending legal matters, including an appeal filed by the National Stock Exchange Ltd before the NCLAT.
Audit Opinion
The independent auditor issued an audit report stating that the Statement of Standalone Financial Results gives a true and fair view in conformity with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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