United Heat Transfer quarterly results and financials

United Heat Transfer (UHTL)₹160.15−4.98%(9 Nov 2026 close)Other Industrial Products

Key facts

In the Mar 2026 quarter (standalone), United Heat Transfer reported sales of ₹51.42 Cr, up 34.1% from Mar 2025, and net profit of ₹4.16 Cr, up 84.9% year on year. For the year to Mar 2026, sales were ₹72.85 Cr and net profit ₹5 Cr.

Sales (Mar 2026): ₹51.42 Cr
Net profit (Mar 2026): ₹4.16 Cr
Sales (FY Mar 2026): ₹72.85 Cr
Net profit (FY Mar 2026): ₹5 Cr
EPS (Mar 2026): ₹2.18
Borrowings (Mar 2026): ₹18.84 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

United Heat Transfer quarterly results

₹ crore unless stated; each column is a quarter.

United Heat Transfer Quarterly results
	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Sales	39.88	28.38	38.35	21.43	51.42
Expenses	35.84	21.87	33.40	18.82	43.41
Operating Profit	4.02	6.47	4.90	2.56	7.89
OPM %	10.1%	22.8%	12.8%	12.0%	15.4%
Other Income	3.79	0.57	0.52	0.86	0.15
Interest	2.12	1.99	1.36	1.27	1.32
Depreciation	0.91	0.97	0.98	1.00	1.04
Profit before tax	4.75	4.07	3.07	1.14	5.67
Tax %	21.3%	24.8%	26.4%	25.6%	26.3%
Net Profit	3.72	3.07	2.25	0.85	4.16
EPS (Rs)	—	2.19	1.17	0.43	2.18

United Heat Transfer profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

United Heat Transfer Profit and loss
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	36.77	33.08	47.47	69.51	59.96	66.42	72.85
Expenses	32.64	28.96	41.23	61.65	49.92	54.96	62.23
Operating Profit	4.06	4.06	6.16	7.77	10.00	11.38	10.45
OPM %	11.1%	12.3%	13.0%	11.2%	16.7%	17.2%	14.4%
Other Income	0.17	0.19	0.16	0.45	3.91	1.08	1.01
Interest	1.11	1.35	2.95	3.91	4.19	3.36	2.60
Depreciation	0.83	0.88	1.20	1.47	1.82	1.96	2.05
Profit before tax	2.28	2.01	2.16	2.83	7.87	7.13	6.80
Tax %	27.7%	24.9%	28.8%	24.8%	20.6%	25.5%	26.2%
Exceptional items	0.00	0.00	−0.12	0.00	2.92	0.00	0.00
Net Profit	1.65	1.49	1.52	2.11	6.23	5.31	5.00
EPS (Rs)	—	—	—	—	—	2.78	2.63
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

United Heat Transfer balance sheet

₹ crore, at each year end.

United Heat Transfer Balance sheet
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.24	4.23	4.24	4.24	12.72	18.95	18.94
Reserves	4.76	6.27	7.80	9.92	7.72	39.56	44.56
Borrowings	9.54	31.22	37.54	32.85	36.81	17.79	18.84
Other Liabilities	4.83	7.71	13.03	17.77	13.21	11.52	11.56
Total Liabilities	23.37	49.43	62.61	64.78	70.46	87.82	93.90
Fixed Assets	0.00	0.00	23.78	24.56	34.65	34.98	35.91
CWIP	0.00	15.22	10.65	11.26	0.99	0.99	4.31
Investments	0.00	0.00	1.70	1.58	1.71	1.98	2.65
Other Assets	23.37	34.21	26.48	27.38	33.11	49.87	51.03
Inventories	5.55	7.94	15.55	14.87	14.08	22.86	25.85
Trade receivables	6.36	6.91	7.87	7.32	13.15	18.62	16.77
Cash & equivalents	1.20	1.15	1.17	0.85	0.27	0.36	0.05
Total Assets	23.37	49.43	62.61	64.78	70.46	87.82	93.90

United Heat Transfer cash flow

₹ crore, for each year.

United Heat Transfer Cash flow
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	3.24	0.00	2.40	7.65	3.28	−6.84	8.09
Cash from investing activity	−0.35	−21.64	−5.12	−2.75	−1.74	−2.57	−7.10
Cash from financing activity	−2.18	21.67	3.65	−5.21	−2.11	9.52	−1.29
Net cash flow	0.71	−0.01	0.91	−0.31	−0.56	0.08	−0.30
Capex	0.14	21.42	0.00	0.00	1.63	2.29	6.32
Free cash flow	3.11	−21.51	−2.02	4.78	1.64	−9.17	1.76
CFO / OP %	94.9%	12.9%	48.9%	106.9%	32.9%	−60.1%	76.9%

United Heat Transfer ratios

Working-capital days and returns, by year.

United Heat Transfer Ratios
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	64	77	61	39	81	103	85
Inventory days	87	142	213	135	152	258	263
Days payable	45	93	147	105	68	55	63
Cash conversion cycle	105	125	126	68	164	304	284
Working capital days	83	111	19	8	12	155	127
ROCE %	—	11.2%	11.6%	14.0%	16.2%	15.8%	11.9%

United Heat Transfer: frequently asked questions

What are the latest quarterly results of United Heat Transfer?

For the Mar 2026 quarter, United Heat Transfer reported sales of ₹51.42 Cr, up 34.1% year on year and net profit of ₹4.16 Cr, up 84.9% year on year. The operating margin was 15.4%.

What is the annual revenue of United Heat Transfer?

United Heat Transfer's sales for the year to Mar 2026 were ₹72.85 Cr.

What is the net profit of United Heat Transfer?

Net profit for the year to Mar 2026 was ₹5 Cr. Earnings per share over the same trailing period were ₹2.63.

How much debt does United Heat Transfer have?

United Heat Transfer reported borrowings of ₹18.84 Cr at Mar 2026, against cash and equivalents of ₹0.05 Cr.

What is the free cash flow of United Heat Transfer?

Cash from operations was ₹8.09 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.76 Cr.

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