Declaration of Financial Results under Regulation 33 of LODR
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Awaiting price reaction for this filing.
Jyot International Marketing Limited reported audited standalone financial results for FY 2025-26 ending March 31, 2026. Revenue from operations declined significantly to Rs 277.96 lakhs from Rs 670.76 lakhs in the previous year, representing a decline of about 59%. Net profit fell to Rs 22.55 lakhs from Rs 87.23 lakhs in the prior year. The company is an NBFC and has one subsidiary - Efficient Tie Up Private Limited. Statutory auditors issued qualified opinions on both standalone and consolidated results citing two key issues: only Rs 58.61 lakhs of Rs 277.96 lakhs interest income booked was actually recovered during the year, and the company failed to deposit TDS of Rs 59.58 lakhs for FY 2025-26 and FY 2024-25. Additionally, an Income Tax Department assessment order for FY 2021-22 raised a demand of Rs 5023.17 lakhs, though the company's appeal was rejected due to delay in filing and no provision has been made.
The qualified audit opinion, significant revenue decline, negative operating cash flow of Rs 819.38 lakhs, and the large contingent tax liability without provision represent serious red flags for investors. The stock is likely to face selling pressure due to these governance and financial health concerns.