Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we are hereby submitting the Un-audited Financial Results for the Quarter ended ....
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Jattashankar Industries Limited submitted its unaudited Q2/H1 FY26 results on 14 November 2025, reviewed (not audited) by K.K. JhunJhunwala & Co. Operating revenue nearly vanished, falling to Rs. 8.00 lakhs in Q2 FY26 from Rs. 395.00 lakhs a year earlier — about a 98% year-on-year drop. Despite the weak top line, the company reported a net profit of Rs. 14.24 lakhs for H1 FY26 (vs a loss of Rs. 46.63 lakhs in H1 FY25), with the swing driven largely by a Rs. 176.38 lakh profit on sale of mutual fund investments rather than core operations. Operating cash flow, however, was deeply negative at Rs. (1,982.77) lakhs, mainly due to a Rs. 1,759.82 lakh build-up in short-term loans and advances. Cash and cash equivalents collapsed to Rs. 0.05 lakhs (from Rs. 32.31 lakhs at March 2025) and total assets nearly halved to Rs. 1,860.50 lakhs as the firm unwound its mutual fund book. The auditor gave a clean limited review report but flagged an 'Other Matters' note that loans/advances and trade payable balances await formal confirmation.
The headline return to profit is misleading — it is propped up by investment-sale gains, while core sales have collapsed and operating cash is bleeding. For shareholders, this is a yellow flag: the business is essentially relying on unwinding its investment portfolio to stay profitable, raising sustainability questions despite the small positive bottom line.