Integrated Filing (Financial) - Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended on 30th September, 2025
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Jagatjit Industries reported sharply weaker results for Q2 FY26 and H1 FY26. Standalone revenue from operations fell to Rs 9,921 lakhs in Q2 FY26 vs Rs 17,794 lakhs in Q2 FY25 (a ~44% drop), while H1 FY26 revenue came in at Rs 22,398 lakhs vs Rs 33,159 lakhs in H1 FY25 (~32% decline). The company swung to a standalone net loss of Rs 2,787 lakhs in Q2 FY26 and Rs 3,768 lakhs in H1 FY26, compared to losses of Rs 791 lakhs and Rs 1,211 lakhs in the prior-year periods, with EPS of Rs (5.95). The Beverages segment (largest contributor) saw revenue halve, while a new Ethanol segment generated Rs 554 lakhs. Other equity is now negative at Rs (3,140) lakhs standalone, confirming negative net worth. Management explicitly flagged going concern dependence on higher revenue, improved margins, lower finance costs, monetisation of surplus assets and promoter funding, though it concluded no material uncertainty exists. Operating cash flow was negative at Rs (548) lakhs consolidated. Auditor V.P. Jain & Associates issued an unmodified limited review report.
Shareholders face deepening losses, falling top line, negative net worth and negative operating cash flow, with management relying on monetisation of surplus land and ethanol plant ramp-up to turn things around. Near-term stock sentiment is likely weak given the scale of revenue contraction and growing losses, though the pending Rs 8,762 lakh land deal at Sahibabad could provide a future cushion once recognised.