Outcome of the Board Of Directors Meeting held on 22nd May, 2025 approving subject to required approvals, if any, Half Yearly & FY 31.03.2025 Accounts.
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Jet Solar's board approved audited financial results for H2 and FY ended March 31, 2025, with statutory auditor Mittal & Associates issuing an unmodified opinion. Revenue from operations grew about 54% YoY to Rs 54.41 lakh (vs Rs 35.32 lakh in FY24), but H2 alone (Oct-Mar 2025) showed negative revenue of Rs -12.55 lakh, indicating a sharp slowdown in the second half. FY25 net profit came in at Rs 4.04 lakh, down about 32% from Rs 5.95 lakh in FY24, while EPS fell to Rs 0.04 from Rs 0.14. Total income jumped to Rs 130.50 lakh largely due to a spike in other income (Rs 76.09 lakh, mostly interest of Rs 75.80 lakh on investments funded by preferential allotments). Operating cash flow was deeply negative at Rs -246.14 lakh. The board also appointed M/s. Pooja Malkan & Co. as secretarial auditor for five years (FY26-FY30), subject to shareholder approval.
The strong revenue growth headline masks weak H2 execution and a Rs 246 lakh operating cash outflow, while profits now lean heavily on interest income rather than core business. Existing shareholders face continued dilution from recent preferential allotments and warrant conversions, so the fundamentals look weak despite the clean audit opinion.