Jagan Lamps Limited reported a sharp improvement in its financial performance for the quarter ended June 30, 2026, with total income from operations and profitability both rising significantly compared to the same quarter a year earlier. The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2026, and filed with the stock exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q1FY27 financial performance

The company's total income from operations reached ₹1,301.12 lakh in Q1FY27, compared to ₹908.99 lakh in Q1FY26, reflecting a notable year-on-year increase. Net profit before tax, excluding exceptional and extraordinary items, rose to ₹142.63 lakh from ₹51.05 lakh in the corresponding quarter of the prior year. Net profit after tax came in at ₹105.83 lakh, against ₹37.11 lakh in Q1FY26. The company reported no exceptional or extraordinary items in either the current or year-ago quarter, leaving pre-tax and post-exceptional profit figures unchanged at ₹142.63 lakh.

The table below presents the key financial metrics for Q1FY27 alongside the comparable periods:

Earnings per share and capital base

Basic and diluted earnings per share of ₹10 each (for continuing and discontinued operations) stood at ₹1.45 for Q1FY27, compared to ₹0.51 in Q1FY26 and ₹2.62 for the full year FY26. The equity share capital remained unchanged at ₹729.52 lakh across all reported periods. Reserves, excluding revaluation reserve, as shown in the audited balance sheet of the previous year, stood at ₹2,791.04 lakh.

Accounting standards and regulatory compliance

Jagan Lamps has adopted Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. The transition was carried out from the erstwhile accounting standards notified under the Act. The full format of the unaudited financial results for the quarter ended June 30, 2026 is available on the company's website and on the BSE exchange website.

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. The company has adopted Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies (Indian Accounting Standards) Rules, 2015.

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.

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.