Board approves Rs 1,500 Cr fund raising plan, Q1 results
JBMA · price
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Board approved raising up to Rs 1,500 Cr via QIP, FPO or private placement, subject to shareholder nod at AGM on Sep 16. Q1 FY27 results: standalone revenue Rs 1,355.72 Cr (up 9.8% YoY), net profit Rs 31.84 Cr. Consolidated revenue Rs 1,442.45 Cr (up 15%), net profit Rs 44.26 Cr (up 13.4%). Re-appointed Nishant Arya as Vice Chairman MD for 3 years.
Possible equity dilution ahead as Rs 1,500 Cr raise awaits shareholder nod; Q1 shows steady growth in consolidated earnings.