Digjam Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Digjam Limited reported FY2026 total income of Rs 3,350.79 lakhs, an 82% increase from Rs 1,839.92 lakhs in FY2025. Revenue from operations grew to Rs 3,327.94 lakhs from Rs 1,819.83 lakhs. The company posted a net loss of Rs 99.80 lakhs compared to a loss of Rs 1,060.49 lakhs in the prior year. Continued operations showed profit before tax of Rs 232.55 lakhs, but discontinued operations (the Jamnagar manufacturing facility closed on March 31, 2025) reported a loss of Rs 332.35 lakhs. The statutory auditor has issued an unmodified opinion but highlighted a material uncertainty regarding going concern, noting that current liabilities exceed current assets by Rs 2,191.48 lakhs. The company has appointed new internal and cost auditors for FY2026-27.
The stock faces significant risk due to the auditors' going concern warning, negative equity of Rs 1,558.30 lakhs, and negative operating cash flows of Rs 461.28 lakhs. While revenue has doubled, the company remains loss-making overall and is heavily reliant on asset sales and restructuring plans. Shareholders should monitor the proposed scheme of arrangement with Reid and Taylor International and the company's ability to realize assets held for sale valued at Rs 5,318.53 lakhs.