The Board has considered and adopted the audited Financial Results for the quarter and Year ended on March 31, 2026, and has noted the Report of the Auditors of the Company thereon
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Jattashankar Industries Ltd reported a significant turnaround, posting a profit before tax of ₹123.45 Lacs for FY2026 compared to a loss of ₹116.11 Lacs in the previous year. The statutory auditors issued an unmodified (clean) audit opinion. However, the company reported a deeply negative operating cash flow of ₹2,015.29 Lacs, which was offset by redemption of mutual fund investments (₹1,940.55 Lacs) and interest income (₹126.98 Lacs). Trade receivables increased sharply to ₹1,138.06 Lacs, while current investments dropped from ₹1,940.55 Lacs to zero, suggesting the company liquidated investments to fund operations. The board also appointed M/s Babubhai Patel & Associates as internal auditor for FY2026-27.
While the company returned to profit, the severely negative operating cash flow and liquidation of investments raise concerns about the sustainability of operations and earnings quality, despite the clean audit opinion.