Outcome of Board Meeting held on November 13, 2025 to approve Unaudited Financial Results for the Half Year ended 30th September, 2025.
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The Board of Jet Solar Ltd (formerly Jet Infraventure Ltd) approved unaudited financial results for H1 FY26 (April-September 2025). Revenue from operations fell sharply to Rs. 34.50 lakh from Rs. 66.96 lakh in the same period last year, a drop of roughly 48%. However, total income was supported by other income of Rs. 31.95 lakh, bringing total income to Rs. 66.45 lakh. Profit before tax stood at just Rs. 2.59 lakh (vs Rs. 27.68 lakh earlier), and profit after tax came in at Rs. 1.93 lakh versus Rs. 20.48 lakh earlier, reflecting a steep earnings decline. The auditor (Mittal & Associates) issued a clean limited review report with no qualifications. During the half year, the company converted 18,24,000 warrants into equity shares at Rs. 21 each, raising Rs. 2.87 crore via preferential allotment, fully utilised as per stated objects with no deviations.
The sharp drop in core operations revenue and earnings is a clear negative for shareholders, though the small absolute size of the business limits materiality. Net cash used in operating activities was deeply negative at about Rs. 311 lakh, raising short-term liquidity concerns that the recent warrant conversion proceeds appear to be helping bridge. The stock may see pressure given weak operating performance, though the clean audit and nil fund-use deviation remove governance overhang.