Jattashankar Industries Q1 Results: Net Loss Widens To ₹44.46 lakh

Jattashankar Industries Limited posted a standalone net loss of ₹44.46 lakh for the first quarter of FY26, marking a significant deterioration from the ₹9.52 lakh profit recorded in the corresponding period of FY25.

The company’s total income from operations (net) contracted sharply to ₹18.29 lakh in Q1FY26, down from ₹55.37 lakh in Q1FY25. For the nine months ended June 30, 2026, cumulative revenue stood at ₹139.75 lakh, compared to ₹123.45 lakh for the full previous fiscal year.

Financial Performance Overview

The Board of Directors approved the unaudited financial results on August 13, 2026. The statutory auditors carried out a limited review of the results as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Metric:	Q1FY26	Q1FY25	Change
Total Income (₹ lakh):	18.29	55.37	-67%
Net Profit/(Loss) Before Tax (₹ lakh):	(45.62)	9.52	N/A
Net Profit/(Loss) After Tax (₹ lakh):	(44.46)	9.52	N/A
EPS Basic (₹):	(0.23)	0.05	N/A

Year-to-Date Context

For the nine months ended June 30, 2026, the company incurred a cumulative net loss of ₹247.73 lakh, compared to a net profit of ₹102.5 lakh in the full year ended March 31, 2026. Equity share capital remained unchanged at ₹1,950 lakh. Reserves stood at negative ₹2,136.21 lakh as of March 31, 2026.

What the Numbers Show

The divergence between revenue growth and profitability is stark. While year-to-date revenue increased slightly by approximately 13% compared to the previous full year (₹139.75 lakh vs ₹123.45 lakh), the company swung from a full-year profit to a significant cumulative loss. This indicates that the cost structure or operational expenses have outpaced top-line growth, eroding margins entirely in the current fiscal period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.43%	+14.64%	+22.36%	+23.58%	+131.55%	+3,513.79%

Jattashankar Industries Limited has allotted 7,58,695 convertible warrants to investors in the non-promoter category at a price of ₹92 each. The Board of Directors approved the allotment on June 30, 2026. The warrants are convertible into equity shares with a face value of ₹10 each within 18 months from the date of allotment.

The issue price of ₹92 per warrant includes a premium of ₹82. The company received 25% of the consideration, totaling ₹1,74,49,985, at the time of allotment. The remaining 75% of the issue price must be paid before the option to convert the warrants into equity shares is exercised. The allotment was made in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Allotment Details

The warrants were issued to eight entities in the non-promoter category. The list of allottees includes individuals and corporate entities such as OTP Tradex LLP and Pioneer Trading.

Sr. No.	Name of the Allottee(s)	Category	No. of Warrants Allotted	25% Consideration (₹)
1	Gida Raviraj Aaligbhai	Non-Promoter	8,695	1,99,985
2	OTP Tradex LLP	Non-Promoter	1,50,000	34,50,000
3	Pioneer Trading	Non-Promoter	1,00,000	23,00,000
4	Venture Global Traders	Non-Promoter	1,00,000	23,00,000
5	Fusion Commerce Hub	Non-Promoter	1,00,000	23,00,000
6	Plus Trading Co	Non-Promoter	1,00,000	23,00,000
7	Jai Balaji Trading Co	Non-Promoter	1,00,000	23,00,000
8	Global Commerce HUB	Non-Promoter	1,00,000	23,00,000
Total			7,58,695	1,74,49,985

This allotment is part of a larger issuance of 80,88,695 warrants approved by the Board. Upon conversion of the entire tranche, the paid-up equity share capital of the company will increase from ₹4,38,71,000 to ₹12,47,57,950. The equity shares proposed to be allotted upon exercise of the warrants shall rank pari passu in all respects with the existing equity shares of the company.