JTL Defence Q1 FY27 loss narrows; revenue resumes post-CIRP

JTL Defence (formerly RCI Industries) posted Q1 FY27 revenue of Rs 2,124.47 lakhs versus Rs 0 in Q1 FY26, as operations resumed after the CIRP exit in December 2025. Net loss narrowed to Rs 267.16 lakhs from Rs 296.72 lakhs. Excluding Rs 277.9 lakhs extra depreciation from March 2026 asset revaluation, PAT would have been positive at Rs 10.74 lakhs. Auditor flagged three emphasis of matter items: pending recovery of pre-CIRP receivables, pre-CIRP tax notices, and Rs 1,186 lakhs in unconfirmed long-term investments.