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Jagsonpal Finance & Leasing reported a weak Q1 FY26 (quarter ended 30 June 2025) with revenue from operations falling to ₹9.33 lakhs from ₹11.99 lakhs in the same quarter last year. Total expenses surged to ₹115.67 lakhs (from ₹75.96 lakhs), driven by higher finance costs, employee expenses, depreciation, and rent. The company swung to a net loss of ₹107.09 lakhs compared to a small profit of ₹6.10 lakhs in Q1 FY25, with loss per share at ₹0.59. The auditor (Jain Vinay & Associates) issued an unmodified limited review opinion. Separately, the Board approved altering the company's main objects to remove the lending and financing business and will change the company name accordingly, subject to shareholder approval.
The results signal deteriorating fundamentals with widening losses and no revenue growth, while the exit from the core finance/leasing business marks a significant strategic pivot that could leave future revenue streams uncertain until a new business direction is announced.