Standalone & Consolidated Audited Financial Statements of the Company for the Quarter and Year ended on March 31, 2026
JYOTISTRUC · price
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Jyoti Structures reported standalone profit after tax of Rs. 56.04 Cr for FY2026, up 56.5% from Rs. 35.81 Cr in the prior year. However, operating cash flow was deeply negative at Rs. 268.97 Cr, worsening from negative Rs. 177.08 Cr in FY2025. Trade receivables stand at Rs. 2,223.10 Cr, representing 76.3% of total assets of Rs. 2,913.09 Cr, with an expected credit loss provision of only Rs. 14.75 Cr. Total borrowings increased to Rs. 2,083.17 Cr, while cash reserves deteriorated sharply from Rs. 463.83 Cr to Rs. 97.33 Cr. The auditors issued an Emphasis of Matter highlighting ongoing reconciliation of trade receivables under the Resolution Plan, unaudited overseas branches (5 of 7), and overseas subsidiaries with fully eroded net worth and no operations during the year.
Despite profit growth, the deeply negative operating cash flow, high receivables concentration, and auditor concerns about receivable recovery and unaudited subsidiaries signal elevated financial risk. The significant cash burn and reliance on financing activities to fund operations warrant caution for investors.