XL Energy Limited Approves Unaudited Financial Results for First Quarter of Fiscal Year 2026
XL Energy Limited announced that its Monitoring Committee reviewed and approved the Unaudited Financial Statements and Limited Review Report for the first quarter ended June 30, 2026. The meeting, held on August 12, 2026, saw the company review results across various financial metrics, which include significant changes in revenue, expenses, and profitability indicators.The company’s performance figures for Q1 FY2026 are detailed below:
| Particulars | 3 months ended 30.06.2026 (Unaudited) | 3 months ended 30.06.2025 (Audited) | 3 months ended 31.03.2026 (Unaudited) | 3 months ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 2,642.27 | - | - | - |
| Total Income | 2,642.59 | 8.20 | 0.35 | 30.70 |
| Changes in inventories | 2,282.43 | 252.51 | - | 252.51 |
| Finance Costs | 29.59 | 0.92 | - | 0.92 |
| Total Expenses | 2,371.31 | 261.98 | 5.38 | 338.81 |
| Profit/(Loss) for the period | 271.27 | (253.78) | (5.03) | (308.11) |
The Unaudited Financial Results for the quarter also provided comprehensive insight into shareholder equity and capital structure. The results noted that XL Energy Limited's Paid up Equity share capital stood at 160.11, while the Successful Resolution Applicants (SRA) were allotted 15,21,000 equity shares of Rs. 10 each against funds infused under the approved Resolution Plan.
Corporate Status and Resolution Plan Updates
The company confirmed that it is primarily engaged in 'Other financial service activities, except insurance and pension funding activities.'A review of corporate actions revealed steps taken subsequent to the balance sheet date regarding the restructuring process:
- Share Capital Reduction: Preference shareholder's shares were cancelled without consideration. Furthermore, the entire equity shareholding of the existing promoter/promoter group/relatives was cancelled without any compensation.
- Public Shareholding: The Resolution Applicant issued 80,100 equity shares of Rs. 10 each to the existing public shareholders on a proportionate basis to retain the company’s status as a listed entity in compliance with regulations.
Despite the restructuring steps undertaken, the materials noted that the overall Resolution Plan had not been implemented as of June 30, 2026, due to pending directions from the NCLT and procedural delays, including suspension of trading. The National Stock Exchange Ltd has preferred an appeal against the order dated May 02, 2025, before the National Company Law Appellate Tribunal Chennai Bench.
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