Financial Results for December 31, 2025

Jagsonpal Services reported a loss of Rs 164.60 lakhs for Q3 FY26 (quarter ended Dec 31, 2025), widening sharply from a loss of Rs 12.24 lakhs in Q3 FY25. For the nine months ended Dec 31, 2025, the company posted a loss of Rs 370.37 lakhs, compared to a small profit of Rs 4.95 lakhs in the same period last year. Revenue from operations was nil in both the quarter and nine-month period, down from Rs 25.63 lakhs in 9M FY25; total income of Rs 10.51 lakhs in Q3 came entirely from other income. Expenses surged to Rs 171.29 lakhs in Q3, driven mainly by rent (Rs 65.02 lakhs), legal and professional fees (Rs 46.93 lakhs), depreciation (Rs 17.33 lakhs) and employee costs (Rs 16.27 lakhs). The board also approved the appointment of Mr. Dhiraj Saxena as Chief Technology Officer effective February 18, 2026, and noted a pending 100% acquisition of Welcost Finstocks Private Limited, where 18% of consideration has been paid and RBI approval is awaited.