Outcome of Board Meeting Audited Financial Results (Standalone) for the year ended 31st March, 2026.
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Jeet Machine Tools Ltd reported audited standalone financial results for FY2026 with net profit of Rs 347.37 Lakhs, a significant turnaround from a loss of Rs 65.01 Lakhs in FY2025. However, the profit was primarily driven by a non-recurring gain of Rs 402.56 Lakhs from sale of investment property included in other income. Core operating revenue declined from Rs 12.68 Lakhs to Rs 8.50 Lakhs year-on-year. The company reported a negative operating cash flow of Rs 220.27 Lakhs despite positive cash generation of Rs 440.23 Lakhs from investing activities. Total assets increased to Rs 513.99 Lakhs from Rs 372.45 Lakhs. Statutory auditors Agrawal Jain & Gupta issued an unmodified opinion confirming clean audit.
While the company returned to profitability, shareholders should note that the profit is inflated by a one-time property sale and core revenue declined significantly. The negative operating cash flow raises concerns about the sustainability of the business model without asset sales.