Integrated Filing (Financial) for the quarter and yeawr ended 31st March, 2026
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Jagatjit Industries reported standalone net profit of Rs 1,006 lakhs for FY26 compared to a loss of Rs 2,328 lakhs in FY25, turning profitable despite a 43% revenue decline from Rs 64,225 lakhs to Rs 36,385 lakhs. The profit turnaround was largely driven by an exceptional gain of Rs 9,530 lakhs from sale of investment property and Rs 430 lakhs write-back of security deposits. However, the company continues to face operational challenges with negative operating cash flow of Rs 7,493 lakhs. The balance sheet shows improved equity of Rs 6,248 lakhs (vs Rs 5,304 lakhs) after high-cost bank borrowings of Rs 10,700 lakhs were repaid. Segment-wise, Beverages and Ethanol segments reported losses while Food also remained in loss.
The company returned to profitability helped by one-time asset sale gains, but the underlying business remains under stress with declining revenues and negative cash flows. The going concern note indicates continued risk despite management's reassurance about future operations and funding plans.