Jagan Lamps FY26 profit falls 49% to ₹191.62 lakh
Jagan Lamps Limited reported a 49% decline in net profit to ₹191.62 lakh for FY26, impacted by increased finance costs and lower other income. Revenue from operations decreased to ₹4,204.01 lakh. The board approved the audited results on May 30, 2026, with an unmodified opinion from statutory auditors K A S G & Co.
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Jagan Lamps Limited reported a 49% decline in net profit for the financial year ended March 31, 2026, primarily due to increased finance costs and a reduction in other income. The company’s profit for the period fell to ₹191.62 lakh from ₹375.59 lakh in the previous year, while revenue from operations decreased to ₹4,204.01 lakh from ₹4,240.36 lakh.
The board of directors, meeting on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditors, K A S G & Co., Chartered Accountants, issued an unmodified audit opinion on the results.
Financial Performance for FY26
For the full year, total income stood at ₹4,240.36 lakh. Total expenses rose to ₹4,662.79 lakh, driven by higher employee benefits expense and finance costs. The company reported a basic earnings per share of ₹2.62 for the year, compared to ₹5.15 in the prior year.
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Net Revenue from operations | 4,204.01 | 4,240.36 |
| Total Income | 4,240.36 | 4,240.36 |
| Total Expenses | 4,662.79 | 4,662.79 |
| Profit for the period | 191.62 | 375.59 |
| Basic EPS (₹) | 2.62 | 5.15 |
Quarterly Results and Cash Flow
In the quarter ended March 31, 2026, the company recorded a profit of ₹56.60 lakh, a significant drop from ₹120.00 lakh in the corresponding quarter of the previous year. Net revenue from operations for the quarter was ₹881.06 lakh.
The cash flow statement for the year ended March 31, 2026, showed a net cash outflow of ₹30.32 lakh. Cash and cash equivalents at the end of the period stood at ₹3.49 lakh, compared to ₹33.80 lakh in the previous year. The company reduced its short-term borrowings by ₹539.71 lakh during the year.
Assets and Liabilities
The total assets of the company as of March 31, 2026, were valued at ₹5,085.86 lakh, a decrease from ₹5,331.96 lakh in the previous year. Current assets, including inventories and trade receivables, constituted a major portion of the balance sheet. Total liabilities stood at ₹1,565.29 lakh, with borrowings amounting to ₹407.89 lakh. The company confirmed there were no outstanding defaults on loans or debt securities as of the reporting date.
Historical Stock Returns for Jagan Lamps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.83% | +8.32% | +1.09% | -24.59% | -24.39% | +51.49% |
What strategies will Jagan Lamps implement to reduce finance costs and improve profitability in the upcoming fiscal year?
How will the significant reduction in cash and cash equivalents impact the company's ability to fund operations and invest in growth?
Will the company continue to reduce short-term borrowings, and what impact might this have on its liquidity position?
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