Earnings Press Release Q4 and FY26
Awaiting price reaction for this filing.
JTL Defence Ltd reported its first full quarter of operations after completing the NCLT process and transitioning to new management. Q4 FY26 revenue stood at Rs. 152 Mn (75x YoY growth), with EBITDA at Rs. 37 Mn and PAT at Rs. 17 Mn, all turning positive from losses in prior periods. For FY26, revenue was Rs. 193 Mn (18.3x YoY growth from Rs. 10 Mn), with EBITDA of Rs. 42 Mn and PAT of Rs. 3 Mn, recovering from losses of Rs. 12 Mn and Rs. 64 Mn respectively in FY25. The turnaround was driven by higher capacity utilisation, improved operating efficiencies, and a ramp-up in operations. Management highlighted focus on increasing value-added products in the portfolio to support margin expansion going forward.
The company has demonstrated a strong operational turnaround after the NCLT process, with profitability restored in Q4 FY26. The sharp revenue scale-up and management's emphasis on value-added products suggest potential for sustained improvement, though investors should monitor execution of these plans.