Jayabharat Credit reports FY26 net loss of ₹100.74 lakh
Jayabharat Credit Limited reported a net loss of ₹28.49 lakh for Q4 FY26 and ₹107.06 lakh for the full year, with nil revenue from operations. Total expenses increased to ₹107.06 lakh, driven by higher other expenses. The company's net worth remained negative at ₹6,193.03 lakh, and auditors highlighted a material uncertainty regarding its going concern status.
*this image is generated using AI for illustrative purposes only.
Jayabharat Credit Limited has reported its audited standalone financial results for the fourth quarter and fiscal year ended March 31, 2026. The Board of Directors approved the financial results during a meeting held on May 20, 2026. The company noted that it is not currently engaged in active business activities.
Financial Performance
The company reported a net loss of ₹28.49 lakh for the quarter ended March 31, 2026, compared to a net loss of ₹34.16 lakh in the corresponding period of the previous year. For the full year, the net loss widened to ₹107.06 lakh from ₹100.74 lakh in the prior year. Revenue from operations remained nil for both the quarter and the year under review. Other income was absent for the current year, whereas it stood at ₹5.66 lakh in the previous year.
Total expenses for the year increased to ₹107.06 lakh from ₹98.04 lakh in the previous fiscal, driven primarily by other expenses which rose to ₹106.78 lakh from ₹97.36 lakh. Depreciation and amortization expenses for the year amounted to ₹0.28 lakh, down from ₹0.68 lakh in the previous year.
Key Financial Metrics
The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, stood at a loss of ₹2.14, compared to a loss of ₹2.01 in the previous year. The paid-up equity share capital remained constant at ₹500 lakh.
| Metric | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Net Profit/(Loss) | (107.06) | (100.74) |
| Total Income | - | 5.66 |
| Total Expenses | 107.06 | 98.04 |
| Basic EPS (Rs.) | (2.14) | (2.01) |
Assets and Liabilities
As of March 31, 2026, the company's total assets stood at ₹2.97 lakh, a significant decrease from ₹16.58 lakh in the previous year. Current liabilities amounted to ₹6,196.00 lakh, slightly up from ₹6,102.55 lakh in the prior year. The equity section reflected a negative balance of ₹6,193.03 lakh, resulting in a negative net worth.
Auditor's Report and Going Concern
Statutory auditors M/s. Jagdish Chand & Co. issued an audit report with an unmodified opinion. However, the report highlighted a material uncertainty related to the company's status as a going concern. As of March 31, 2026, the company had accumulated losses of ₹7,660.73 lakh and a negative net worth of ₹6,193.03 lakh. The financial statements have been prepared on a going concern basis, supported by promoter financial assistance via Inter Corporate Deposits amounting to ₹6,142.59 lakh.
Historical Stock Returns for Jayabharat Credit
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.96% | -9.71% | -13.27% | -13.74% | +37.55% | +262.85% |
Will Jayabharat Credit Limited's promoters continue providing Inter Corporate Deposits beyond the current ₹6,142.59 lakh, and what conditions could trigger a withdrawal of this financial support?
What specific business revival or restructuring plans, if any, are the promoters or board considering to return the company to active operations and address its ₹7,660.73 lakh accumulated losses?
How long can the company sustain its going concern status given the trajectory of widening annual losses and near-zero total assets of ₹2.97 lakh?
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