Investor Presentation for the Quarter and Financial Year Ended 31.03.2026
Awaiting price reaction for this filing.
JTL Defence Limited (formerly RCI Industries & Technologies) reported a strong turnaround in FY26, with revenue jumping to Rs. 193 Mn from just Rs. 10 Mn in FY25—an 18.3x increase. The company returned to profitability with PAT of Rs. 3 Mn versus a loss of Rs. 64 Mn in FY25, while EBITDA reached Rs. 42 Mn (21.8% margin). Q4 FY26 showed particularly strong performance with revenue of Rs. 152 Mn and PAT of Rs. 17 Mn. Production formally commenced in January 2026, moving beyond the job-work phase of the prior nine months. The company is transitioning from non-ferrous metals manufacturing toward defence manufacturing, with support from promoter group JTL Industries for capital expenditure to improve capacity utilization by end of FY27.
The sharp revenue recovery and return to profitability indicate operational turnaround, though the absolute revenue base remains small at Rs. 193 Mn. The focus on moving to full production from January 2026 and targeting higher value-added products should support margins going forward.