Outcome of Board Meeting dated 06.05.2026
Awaiting price reaction for this filing.
JTL Defence Limited (formerly RCI Industries & Technologies Limited) reported FY2026 audited results with strong operational turnaround. Revenue surged to Rs 1,928.77 Lakhs from Rs 97.99 Lakhs in FY2025, while PBT turned positive at Rs 5.51 Lakhs (vs loss of Rs 637.05 Lakhs). PAT stood at Rs 26.78 Lakhs (vs loss of Rs 644.04 Lakhs). Total Comprehensive Income was Rs 14,185.94 Lakhs, largely driven by Rs 14,159.16 Lakhs revaluation surplus on PPE (net of deferred tax). The company completed its CIRP under IBC in prior year, leading to equity restructuring and debt settlement. Board approved reappointment of Cost Auditors and updated multiple policies including Related Party Transaction Policy. Inventories increased significantly to Rs 3,364.67 Lakhs (vs Rs 41.14 Lakhs).
Positive turnaround in profitability from heavy losses; however, negative operating cashflow of Rs 1,548.43 Lakhs and significant uncertainties around asset recoverability raise concerns. The large revaluation surplus inflated equity but may not be recurring.