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Jai Mata Glass Q2 FY27 results: net loss narrows to ₹0.03 crore
Jai Mata Glass Ltd reported standalone revenue of ₹0.07 crore in Q2 FY27, up from ₹0.02 crore in Q1 FY27 and ₹0 crore in Q2 FY26. The company reported a net loss of ₹0.03 crore, compared with a net loss of ₹0.06 crore in the previous quarter and ₹0.10 crore in the year-ago quarter; the EBITDA margin improved to -58.8% from -318.5% in Q1 FY27.
Key points
- Revenue was ₹0.07 crore in Q2 FY27, up 250.0% from ₹0.02 crore in Q1 FY27.
- The company reported a net loss of ₹0.03 crore in Q2 FY27, against a net loss of ₹0.06 crore in Q1 FY27 and ₹0.10 crore in Q2 FY26.
- EBITDA was a loss of ₹0.04 crore and the EBITDA margin was -58.8%, compared with -318.5% in Q1 FY27.
- Total expenses were ₹0.12 crore, up 20.0% from ₹0.10 crore in Q1 FY27 and Q2 FY26.
- For H1 FY27, revenue was ₹0.10 crore, total income was ₹0.13 crore, and the company reported a net loss of ₹0.09 crore.
How did Jai Mata Glass perform in Q2 FY27?
Jai Mata Glass reported standalone revenue of ₹0.07 crore in Q2 FY27, compared with ₹0.02 crore in Q1 FY27 and ₹0 crore in Q2 FY26. Total income was ₹0.09 crore, while EBITDA was a loss of ₹0.04 crore and the EBITDA margin was -58.8%. The company reported a net loss of ₹0.03 crore and basic EPS of ₹0.
Against Q1 FY27, revenue rose by ₹0.05 crore, or 250.0%, and total income rose by ₹0.05 crore, or 125.0%. EBITDA loss narrowed by ₹0.04 crore, while profit before tax and net loss each improved by ₹0.03 crore. The EBITDA margin improved by 259.7 percentage points, from -318.5% to -58.8%.
Against Q2 FY26, total income rose by ₹0.09 crore, while EBITDA loss narrowed by ₹0.06 crore. Profit before tax and net loss each improved by ₹0.07 crore, and basic EPS moved from a loss of ₹0.01 to ₹0. The company also reported standalone results; no consolidated figures were provided.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.07 | 0.02 | 0 | +250.0% | |
| Other income | 0.02 | 0.02 | 0 | +0.0% | |
| Total expenses | 0.12 | 0.10 | 0.10 | +20.0% | +20.0% |
| EBITDA | −0.04 | −0.08 | −0.10 | ||
| EBITDA margin | -58.8% | -318.5% | +259.7 pp | ||
| Profit before tax | −0.03 | −0.06 | −0.10 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.03 | −0.06 | −0.10 | ||
| EPS (₹) | 0.00 | −0.01 | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Jai Mata Glass' costs and profit?
Total expenses increased by ₹0.02 crore, or 20.0%, to ₹0.12 crore in Q2 FY27 from ₹0.10 crore in Q2 FY26. Employee benefits expense rose by ₹0.02 crore, or 66.7%, to ₹0.05 crore, while other expenditure increased by ₹0.01 crore, or 16.7%, to ₹0.07 crore. Cost of materials consumed, finance costs and depreciation were unchanged at ₹0 crore.
Other income increased by ₹0.02 crore to ₹0.02 crore from ₹0 crore in Q2 FY26. There was no exceptional item, and tax expense was unchanged at ₹0 crore. Against Q1 FY27, employee benefits expense rose by ₹0.01 crore, or 25.0%, and other expenditure rose by ₹0.01 crore, or 16.7%, while other income and tax were unchanged.
The filing does not state why employee benefits expense or other expenditure changed. The reported figures show higher operating costs alongside higher revenue and other income, resulting in a narrower EBITDA loss and a smaller net loss than in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.05 | 0.03 | +0.02 | +66.7% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.07 | 0.06 | +0.01 | +16.7% |
| Total expenses | 0.12 | 0.10 | +0.02 | +20.0% |
| Other income | 0.02 | 0 | +0.02 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Jai Mata Glass reported revenue of ₹0.10 crore, down 9.1% from ₹0.11 crore in H1 FY26. Total income was ₹0.13 crore, up 18.2% from ₹0.11 crore, while profit before tax and net loss were each ₹0.09 crore, compared with ₹0.07 crore in H1 FY26.
Basic EPS was a loss of ₹0.01 in H1 FY27, compared with ₹0 in H1 FY26. The standalone cash flow statement reported net cash used in operating activities of ₹0.18 crore for H1 FY27, compared with ₹1.84 crore in H1 FY26, while net cash from investing activities was ₹0.03 crore against ₹0.00 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.10 | 0.11 | −9.1% |
| Profit before tax | −0.09 | −0.07 | |
| Net profit | −0.09 | −0.07 | |
| EPS (₹) | −0.01 | 0.00 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹1.93 crore, compared with ₹1.98 crore at 31 March 2026. Total equity was ₹1.85 crore, compared with ₹1.94 crore, and there were no borrowings at either date. Cash and cash equivalents were ₹0.12 crore, compared with ₹0.27 crore, while trade receivables were ₹0.21 crore against ₹0.14 crore.
For H1 FY27, net cash used in operating activities was ₹0.18 crore, compared with ₹1.84 crore in H1 FY26. Investing activities generated ₹0.03 crore, against ₹0.00 crore in the year-ago period, and financing cash flow was ₹0 crore in both periods. Capital expenditure was ₹0 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1.93 | 1.98 |
| Total equity | 1.85 | 1.94 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.12 | 0.27 |
| Inventories | 0 | 0 |
| Trade receivables | 0.21 | 0.14 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.18 | 1.84 |
| Cash from investing | 0.03 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Jai Mata Glass done over the last 8 quarters?
Revenue was highest at ₹0.11 crore in Q3 FY25, Q4 FY25 and Q1 FY26, before falling to ₹0.00 crore in the following three reported quarters and recovering to ₹0.07 crore in Q2 FY27. Net profit was highest at ₹0.02 crore in Q3 FY25 and Q1 FY26, while the lowest reported net loss was ₹0.58 crore in Q4 FY25.
The EBITDA margin peaked at 20.8% in Q1 FY26 and bottomed at -318.5% in Q1 FY27. It improved to -58.8% in Q2 FY27, although it remained negative. The latest quarter therefore showed higher revenue and a lower net loss than the preceding quarter, with the margin moving closer to the earlier peak.
How did Jai Mata Glass shares react?
The filing was released on 9 October 2026 while the stock was in market. The stock was unchanged after 5 minutes, 15 minutes and 30 minutes from the price when the filing appeared, then closed 1.8% lower from its pre-results close. By the next day's close, it was down 3.6% from the pre-results close, and by the fifth session it was down 0.7%.
On the reaction day, the Other Construction Materials sector median moved down 1.5%, while the Nifty Microcap 250 moved up 0.3%. Jai Mata Glass underperformed the sector by 0.3 percentage points on the reaction day, 3.9 percentage points by the next day's close and 2.3 percentage points by the fifth session. Earlier results-day moves included -5.5% on 30 July 2026 and 3.6% on 27 October 2025.
| After the filing | Stock | Other Construction Materials median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | −1.8% | −1.5% |
| Next day | −3.6% | +0.4% |
| 5 days | −0.7% | +1.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 30 July 2026 | −5.5% |
| 14 May 2026 | +0.0% |
| 29 January 2026 | −1.3% |
| 27 October 2025 | +3.6% |
| 31 July 2025 | +1.6% |
| 22 May 2025 | +5.0% |
| 25 October 2024 | −1.8% |
| 22 July 2024 | +0.5% |
Source: MarketPing price-reaction measurement.
How did other Other Construction Materials companies do?
Five other Other Construction Materials companies had filed for the quarter. Their median revenue growth was 17.5%, compared with Jai Mata Glass’s revenue increase of 250.0% from Q1 FY27; the data records that other companies growing more slowly and more quickly than the company is not available in the supplied facts.
Of the peer set, seven companies reported higher profit, based on eight companies compared for profit. The peer comparison was as of 4 November 2026.
| Jai Mata Glass revenue growth (YoY) | not comparable |
|---|---|
| Median of 5 other Other Construction Materials companies | +17.5% |
| Companies whose net profit rose | 7 of 8 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Jai Mata Glass' revenue in Q2 FY27?
Revenue from operations was ₹0.07 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Jai Mata Glass make a profit in Q2 FY27?
No. It reported a net loss of ₹0.03 crore, against a net loss of ₹0.10 crore in Q2 FY26.
What was Jai Mata Glass' EPS in Q2 FY27?
Basic earnings per share were ₹0.00, against a loss of ₹0.01 in Q2 FY26.
How did Jai Mata Glass shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.8% from the previous close; the median Other Construction Materials stock moved −1.5%.
When did Jai Mata Glass announce its Q2 FY27 results?
On 9 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for To Consider And Approve The Standalone Un-Audited Financial Results. (BSE, 3 October 2026) · PDF
- Board Meeting Outcome for OUTCOME OF THE BOARD MEETING (BSE, 9 October 2026) · PDF
- Un-Audited Financial Results For The Quarter & Half Year Ended 30Th September, 2026 (BSE, 9 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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