Audited Financial Results for the quarter and year ended March 31, 2026 are attached herewith.
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Jhaveri Credits & Capital Ltd reported FY26 revenue of Rs 11,121 lakh, up 22.6% from Rs 9,070 lakh in FY25. However, profit after tax declined 41% to Rs 195 lakh (FY25: Rs 331 lakh) despite Q4 showing strong recovery with PAT of Rs 289 lakh after a Q3 loss of Rs 717 lakh. The company completed amalgamation of UR Energy (India) Pvt Ltd effective April 1, 2024, with financials restated under pooling of interests method. Exceptional item of Rs 85 lakh was recorded. Operating cash flow remained negative at Rs -470 lakh (consolidated), indicating working capital pressures. EPS dropped from Rs 3.13 to Rs 1.66. The company also amended a Rs 27 crore loan to Praveg Limited to include an equity conversion option.
Revenue growth of 22.6% is encouraging, but the 41% decline in profitability and negative operating cash flow are concerning. The significant Q4 recovery suggests temporary factors impacted earlier quarters. Shareholders should monitor the related party loan to Praveg Limited and cash conversion ability going forward.