Unaudited standalone and consolidated financial results for the quarter ended on 30.06.2025
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Jagatjit Industries reported a standalone net loss of Rs 987 lakhs in Q1 FY26, wider than the Rs 431 lakhs loss in the same quarter last year. Revenue from operations fell about 19% year-on-year to Rs 12,477 lakhs from Rs 15,365 lakhs. Total expenses at Rs 14,034 lakhs exceeded total income of Rs 13,051 lakhs, pushing the pre-tax loss to Rs 983 lakhs. Other income included a Rs 387 lakhs write-back of old security deposits. The company also disclosed contingent liabilities of Rs 1,252 lakhs and negative other equity of Rs 23,842 lakhs against share capital of Rs 4,678 lakhs. The auditor (V.P. Jain & Associates) issued an unmodified limited review report on both standalone and consolidated results.
Losses are mounting on shrinking top-line sales, and the deeply negative reserves signal serious balance-sheet stress that could weigh on the stock. However, the Rs 5,787 lakhs already received from the Sahibabad land sale remains unrecognised and could provide a future earnings boost once plots are transferred.