Jagsonpal Services widens net loss to ₹490.69 lakh in FY26
Jagsonpal Services Limited reported a widened net loss of ₹490.69 lakh for FY26, compared to ₹71.25 lakh in FY25, as revenue from operations remained nil. Total expenses increased to ₹525.61 lakh, primarily due to rent and employee benefit expenses. The Board approved the audited financial results, re-appointed M/s J K S & Co as Internal Auditors, and authorized the notice for the 35th Annual General Meeting.
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Jagsonpal Services Limited reported a widened net loss of ₹490.69 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹71.25 lakh in the previous year. The company continued to report zero revenue from operations for both the fourth quarter and the full year, while total expenses increased significantly to ₹525.61 lakh from ₹71.37 lakh in FY25.
The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026. Statutory Auditors M/s. Jain Vinay & Associates issued an audit report with an unmodified opinion on the financial statements. The results were reviewed and recommended by the Audit Committee prior to Board approval.
Financial Performance
The company’s total income for FY26 stood at ₹38.99 lakh, derived entirely from other income, compared to ₹0.15 lakh in the previous year. For the quarter ended March 31, 2026, total income was ₹3.39 lakh. Expenses for the year were driven by rent at ₹257.09 lakh, employee benefit expenses at ₹111.37 lakh, and legal and professional fees at ₹95.76 lakh.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Total Income | 38.99 | 0.15 |
| Total Expenses | 525.61 | 71.37 |
| Net Loss | (490.69) | (71.25) |
| Basic EPS | (2.68) | (0.39) |
Board Decisions
Based on the recommendations of the Audit Committee, the Board approved the re-appointment of M/s J K S & Co, Chartered Accountants, as Internal Auditors for the financial year 2026-27. The firm was appointed for a term of one year starting May 30, 2026. Additionally, the Board approved revisions to the Familiarisation Programme for Independent Directors and the Archival Policy.
The Board also approved the notice for the 35th Annual General Meeting and authorized Chairman, Managing Director, and CFO Karthik Srinivasan to decide the date, time, and mode for the same. The company operates in a single reportable business segment focused on operating software and IT projects.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE582C01015/ae59abd3-5f8e-4287-b61b-7c6bec363f3e.pdf
Historical Stock Returns for Jagsonpal Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +8.12% | +1.38% | -18.83% | -22.16% | +5,279.59% |
What specific strategies will management implement to generate revenue from operations given the prolonged period of zero income?
How does the company plan to fund the significantly increased expenses if operational revenue remains stagnant?
Are there any pending software or IT projects expected to launch in FY27 that could reverse the current financial trend?
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