Outcome of Board Meeting dated 08..05.2026 to approve Audited Financial Results of the Company for the Half Year and Financial Year ended on March 31, 2026 & other matters as mentioned in attachment.
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Jet Solar Limited reported audited financial results for FY2026 ending March 31. Revenue from operations was flat at ₹54.50 Lakhs (vs ₹54.41 Lakhs in FY2025), showing marginal 0.17% growth. However, profit after tax declined 12.9% to ₹3.52 Lakhs from ₹4.04 Lakhs, while EPS dropped to ₹0.03 from ₹0.04. Other income doubled to ₹154.36 Lakhs. The company operates primarily in real estate development. The statutory auditor Mittal & Associates issued an unmodified (clean) opinion, and the board also approved reappointment of Mr. Dipesh Maru as Independent Director for a second 5-year term. Operating cash flow remains significantly negative at ₹416.92 Lakhs, though improved from ₹246.14 Lakhs outflow in the prior year.
The flat revenue growth and PAT decline despite higher other income suggests operational challenges. The negative operating cash flow is a concern but the clean audit opinion provides comfort. Shareholders may see limited near-term upside given the small profit base and cash burn.