Financial Results for Half Year and Year Ended 31st March, 2025
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Jet Solar Limited posted FY25 revenue from operations of ₹35.32 lakhs, down from ₹54.41 lakhs in FY24 — a drop of about 35%. Total income fell sharply to ₹60.87 lakhs from ₹130.50 lakhs, but most of the company's income now comes from 'Other Income' (₹25.55 lakhs) rather than core operations. Full-year profit after tax was ₹4.04 lakhs (EPS ₹0.04), down from ₹5.95 lakhs (EPS ₹0.14) last year. The second half (H2 FY25) was actually a loss-making period, with revenue from operations turning negative at -₹12.55 lakhs and a PAT loss of -₹16.44 lakhs. Operating cash flow was deeply negative at -₹246.14 lakhs versus -₹29.46 lakhs a year ago. The auditor (Mittal & Associates) issued an unmodified opinion, and the board also appointed Pooja Malkan & Co. as secretarial auditor for five years.
The numbers paint a weak picture — shrinking top line, negative operating cash flow, and a loss in the second half suggest the core business is not generating meaningful revenue. Shareholders should note the dilution from preferential allotments (share capital rose from ₹419 lakhs to ₹1,005 lakhs), which significantly reduced EPS.