Audited Financial Results for the Quarter and Year ended 31st March, 2026 approved by Board of Directors at its meeting held on today i.e. 27th May, 2026
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Jeet Machine Tools Ltd reported a net profit of Rs. 347.37 Lakhs for FY2026, a dramatic turnaround from a net loss of Rs. 65.01 Lakhs in FY2025. Total income surged to Rs. 418.17 Lakhs from just Rs. 12.68 Lakhs the prior year. However, this exceptional performance is largely attributable to a one-time, non-recurring gain of Rs. 402.56 Lakhs from the sale of an investment property in Q3 FY26. Excluding this windfall, operating income was minimal. The company posted negative operating cash flow of Rs. 220.27 Lakhs, raising questions about operational sustainability. The statutory auditor, Agrawal Jain & Gupta, issued an unmodified (clean) opinion. EPS for the year stands at Rs. 17.72 per share.
The headline profit number looks impressive, but investors should note that over 95% of the profit came from a one-time asset sale, not core operations. The negative operating cash flow and tiny revenue from operations (£8.5L) suggest the business is not yet self-sustaining.