34th Annual Report for Financial Year ending 31/03/2025
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Jainco Projects (India) Ltd, a BSE-listed NBFC (code: 526865) based in Kolkata, filed its 34th Annual Report for FY ending March 31, 2025. Total revenue rose sharply to Rs. 73.80 lakhs from Rs. 22.08 lakhs in FY24, while operating profit (before interest, depreciation and tax) jumped to Rs. 54.93 lakhs from Rs. 4.81 lakhs. However, fresh finance costs of Rs. 52.79 lakhs (nil in the prior year) eroded the gains, leaving profit before tax at just Rs. 0.97 lakhs and net profit at Rs. 0.73 lakhs (vs Rs. 0.08 lakhs). The Board did not recommend any dividend, citing the need to conserve resources for future growth. The 34th AGM is scheduled for September 27, 2025 via video conferencing, with agenda items including adoption of financial statements, re-appointment of Managing Director Sumit Bhansali (who retires by rotation), and appointment of two new independent directors — Ms. Pushpa Nahata and Mr. Udit Maloo. Management flagged long-pending debtor disputes and ongoing legal recovery actions as material concerns for the company.
Strong revenue growth is a positive sign, but heavy finance costs wiped out almost all operating gains, leaving shareholders with negligible profit growth and no dividend. Investors should watch the AGM voting outcomes and the recovery of disputed long-pending debts, which the company has identified as a key risk.