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Jayabharat Credit Q2 FY27 results: net loss widens to ₹0.24 crore
Jayabharat Credit Ltd reported a net loss of ₹0.24 crore for Q2 FY27 on a standalone basis, with no revenue from operations and total expenses of ₹0.24 crore. The loss narrowed from ₹0.27 crore in Q1 FY27, while basic EPS was ₹0.48 against ₹0.49 in Q2 FY26. The auditors drew attention to accumulated losses and negative net worth, citing a material uncertainty over the company’s ability to continue as a going concern.
Key points
- Revenue from operations was ₹0 crore in Q2 FY27, unchanged from Q1 FY27 and Q2 FY26.
- The company reported a net loss of ₹0.24 crore in Q2 FY27, against a net loss of ₹0.27 crore in Q1 FY27.
- Total expenses were ₹0.24 crore, down ₹0.03 crore or 11.1% from Q1 FY27.
- Basic EPS was ₹0.48 in Q2 FY27, compared with ₹0.49 in Q2 FY26.
- The auditors noted accumulated losses of ₹7,711.01 lakhs and negative net worth of ₹6,243.31 lakhs as on 30 September 2026.
How did Jayabharat Credit perform in Q2 FY27?
Jayabharat Credit reported revenue from operations of ₹0 crore for the quarter ended 30 September 2026, unchanged from both the previous quarter and the year-ago quarter. Total expenses stood at ₹0.24 crore, and the company reported a loss before tax of ₹0.24 crore and a net loss of ₹0.24 crore. Basic EPS was ₹0.48 for the quarter.
Against Q1 FY27, total expenses fell ₹0.03 crore, or 11.1%, and the net loss narrowed by ₹0.03 crore to ₹0.24 crore. Basic EPS rose ₹0.05 from ₹0.53 in Q1 FY27. Against Q2 FY26, the net loss was unchanged at ₹0.24 crore, while basic EPS rose ₹0.01 from ₹0.49. No revenue from operations or other income was recorded, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.24 | 0.27 | 0.24 | +0.0% | −11.1% |
| Profit before tax | −0.24 | −0.27 | −0.24 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.24 | −0.27 | −0.24 | ||
| EPS (₹) | −0.48 | −0.53 | −0.49 |
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 Jayabharat Credit's costs and profit?
The movement in the result came from lower other expenses, which fell ₹0.03 crore to ₹0.24 crore from ₹0.27 crore in Q1 FY27. Employee cost, finance costs and depreciation were unchanged, and other income was unchanged. There was no exceptional item, and tax expense was unchanged against both the previous quarter and the year-ago quarter, so the change in the loss followed the reduction in expenses.
Against Q2 FY26, other expenses and total expenses were unchanged at ₹0.24 crore each, and employee cost, finance costs and depreciation were unchanged. Tax was unchanged, and the net loss remained ₹0.24 crore. The filing states that the company is not in any active business, and the financial results were prepared on a going concern basis.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0 | 0 | 0 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.24 | 0.24 | 0 | +0.0% |
| Total expenses | 0.24 | 0.24 | 0 | +0.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, revenue from operations was ₹0 crore and total income was ₹0 crore, unchanged from H1 FY26. The company reported a loss before tax of ₹0.50 crore against ₹0.51 crore in H1 FY26, and a net loss of ₹0.50 crore against ₹0.51 crore. Basic EPS was ₹1.01, up ₹0.01 from ₹1.02.
The filing records accumulated losses of ₹7,711.01 lakhs and negative net worth of ₹6,243.31 lakhs as on 30 September 2026. The results were prepared on a going concern basis, and promoter financial support by way of inter corporate deposits of ₹6,194.26 lakhs was noted.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.50 | −0.51 | |
| Net profit | −0.50 | −0.51 | |
| EPS (₹) | −1.01 | −1.02 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹0.05 crore as on 30 September 2026 from ₹0.03 crore as on 31 March 2026. Total equity was negative ₹62.43 crore against negative ₹61.93 crore at the previous balance sheet date, and borrowings were ₹61.94 crore compared with ₹61.43 crore. Cash was ₹0 crore against ₹0.02 crore at 31 March 2026.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 0.05 | 0.03 |
| Total equity | −62.43 | −61.93 |
| Borrowings | 61.94 | 61.43 |
| Cash and equivalents | 0 | 0.02 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.49 | −0.42 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.52 | 0.46 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Jayabharat Credit done over the last 8 quarters?
Across the last eight quarters, revenue from operations remained ₹0 crore throughout, with no EBITDA or EBITDA margin reported for any period. The net loss peaked at ₹0.34 crore in Q4 FY25 and was lowest at ₹0.23 crore in Q3 FY25. The latest quarter, Q2 FY27, recorded a net loss of ₹0.24 crore.
The direction of the loss has been uneven rather than steadily narrowing: it widened to ₹0.28 crore in Q3 FY26 and Q4 FY26, moved to ₹0.27 crore in Q1 FY27 and then improved to ₹0.24 crore in Q2 FY27. The Q2 FY27 result matched the net loss of ₹0.24 crore reported in Q2 FY26.
What did the auditors point out?
The auditors drew attention to accumulated losses of ₹7,711.01 lakhs, a net loss during the quarter ended 30 September 2026 and current liabilities exceeding total assets by ₹6,243.31 lakhs, with negative net worth of ₹6,243.31 lakhs as on that date. They noted that the company is not into active business at present, and said this indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. The company has received continuing support from promoters as inter corporate deposits of ₹6,194.26 lakhs, and the financial results have been prepared on a going concern basis. The auditors’ opinion is not modified in respect of this matter, and the filing records that the statutory auditors expressed an unmodified opinion on the results.
How did other Non Banking Financial Company (NBFC) companies do?
Of the peers whose results were compared for profit, 66 reported higher profit. The available peer fields do not specify counts for peers growing slower or faster than Jayabharat Credit, so no comparison on those counts can be stated.
| Jayabharat Credit revenue growth (YoY) | not comparable |
|---|---|
| Median of 89 other Non Banking Financial Company (NBFC) companies | +22.7% |
| Companies whose net profit rose | 66 of 101 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Jayabharat Credit's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Jayabharat Credit make a profit in Q2 FY27?
No. It reported a net loss of ₹0.24 crore, against a net loss of ₹0.24 crore in Q2 FY26.
What was Jayabharat Credit's EPS in Q2 FY27?
Basic loss per share was ₹0.48, against a loss of ₹0.49 in Q2 FY26.
When did Jayabharat Credit announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting To Be Held On Wednesday 4Th November, 2026 (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 4 November 2026) · PDF
- Un-Audited Financial Results For The Quarter And Half Year Ended 30.09.2026 (BSE, 4 November 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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