Announced Fri, 29 May · 22:41 IST

Outcome of Board Meeting

Revenue DeclineBoard & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Jyot International Marketing Limited, a NBFC, reported FY 2025-26 standalone net profit of Rs. 22.55 lakhs, down significantly from Rs. 87.23 lakhs in FY 2024-25. Total standalone revenue was Rs. 776.70 lakhs (down from Rs. 1,115.05 lakhs prior year). Consolidated net profit was Rs. 22.97 lakhs with total assets of Rs. 7,133.32 lakhs. Auditors issued qualified opinions citing two major concerns: (1) Rs. 277.96 lakhs interest income booked but only Rs. 58.61 lakhs recovered during the year, and (2) Rs. 59.58 lakhs TDS not deposited for both FY 2025-26 and FY 2024-25. Additionally, Income Tax Department raised a demand of Rs. 50.23 crore for FY 2021-22; the company's appeal was rejected due to delayed filing and no provision has been made. The subsidiary Efficient Tie Up Private Limited reported a net loss of Rs. 3.81 lakhs for Q4 and Rs. 11.95 lakhs for the full year. The trading window will reopen 48 hours after result declaration.

Likely market impact

The company faces significant auditor concerns regarding loan recovery and TDS compliance, plus a Rs. 50 crore tax demand without provisioning. The steep profit decline and qualified audit opinions are negative signals for investors, particularly given the high loan book (Rs. 4,174.35 lakhs standalone, Rs. 5,096.37 lakhs consolidated) and low recovery rates.