BSEJSL Industries LtdHighNeutral
Announced Tue, 10 Feb · 15:18 IST

have considered, approved and took on record the following matter: 1. Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2025, as received ....

Revenue DeclineEbitda Margin CompressionResults View source PDF

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Awaiting price reaction for this filing.

AI summary

JSL Industries' board approved its Q3 FY26 and 9M FY26 unaudited results on February 10, 2026. Revenue from operations stood at Rs. 1,376 lakhs in Q3 FY26 versus Rs. 1,399 lakhs in Q3 FY25, a slight dip of about 1.6%. For the nine months, revenue fell to Rs. 3,914 lakhs from Rs. 4,012 lakhs, a decline of roughly 2.5% year-on-year. EBITDA for Q3 came in at Rs. 127 lakhs versus Rs. 170 lakhs in the year-ago quarter, showing margin compression from around 12% to about 9%. Profit after tax dropped sharply to Rs. 74 lakhs in Q3 from Rs. 99 lakhs, and to Rs. 210 lakhs for 9M from Rs. 664 lakhs — but the bulk of this PAT decline is accounting-driven. The company reclassified its quoted investment in Jyoti Limited from FVTPL to FVTOCI effective April 1, 2025, so unrealised gains/losses now flow through Other Comprehensive Income instead of the P&L, with OCI showing a negative Rs. 105 lakhs in Q3. Statutory auditor Talati & Talati LLP issued an unmodified limited review report. The company is also evaluating the impact of New Labour Codes effective November 21, 2025.

Likely market impact

Mild revenue decline and margin pressure at the operating level; the dramatic PAT drop looks worse than it is because investment reclassification shifted mark-to-market swings out of the P&L into OCI. Watch for margin recovery and clarity on New Labour Code provisions in coming quarters.