Submission of the approved Audited Financial Results for the quarter and year ended 31st March, 2026 along with the Auditors Report.
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JJ Finance Corporation Ltd reported a sharp turnaround from profit to loss for FY2026. Total income collapsed to negative Rs 41.06 lakh from Rs 78.39 lakh in the previous year, driven primarily by a near-total wipeout of loan income (from Rs 549.65 lakh to Rs 25.22 lakh). The company posted a net loss of Rs 19.06 lakh versus a profit of Rs 26.18 lakh in FY2025. Cash reserves also halved from Rs 95.23 lakh to Rs 24.23 lakh. The statutory auditor A K Dubey & Co. issued an unmodified (clean) opinion on the financial statements, and the company confirmed this with an unqualified declaration under SEBI regulations.
The dramatic decline in loan portfolio and shift to losses signals serious operational challenges for this NBFC. Shareholders should be concerned about the sustainability of the financing business model. The clean audit opinion provides some comfort on reporting accuracy, but the underlying business deterioration is the key concern.