Enclosed herewith the outcome of the Board meeting held today i.e., Thursday, May 21, 2026, under Regulation 30 of the SEBI LODR Regulations, 2015.
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Jigar Cables reported a significant revenue decline for FY2025-26. Consolidated revenue dropped to Rs. 5,818.98 lakhs from Rs. 10,522.21 lakhs in FY2024-25 (a ~45% decline). However, PAT remained relatively stable at Rs. 179.98 lakhs (vs Rs. 182.18 lakhs), suggesting cost management despite lower sales. EPS declined from Rs. 2.59 to Rs. 2.20. The company raised equity via share warrant conversion (19.8 lakh shares at Rs. 50.35) and significantly increased borrowings - long-term debt rose sharply from Rs. 49.98 lakhs to Rs. 609.44 lakhs. Capital expenditure was substantial at Rs. 2,484.43 lakhs (consolidated). Operating cash flow turned negative at Rs. -143.06 lakhs versus Rs. +681.86 lakhs previously. Auditors issued unmodified opinions on both standalone and consolidated results.
The sharp revenue decline raises concerns about business performance, though cost controls maintained profitability. The large debt increase and negative operating cash flow indicate significant financial strain and heavy investment activity. Shareholders should monitor the company's ability to grow revenue and manage its expanded debt burden.