Jiya Eco-Products swings to profit in FY26 on exceptional gains
Jiya Eco-Products Limited swung to a consolidated net profit of ₹1,474.03 lakh in FY26 from a loss of ₹104.05 lakh in FY25, aided by exceptional items of ₹1,521.28 lakh following its NCLT-approved resolution plan. Revenue from operations remained nil, while total expenses fell to ₹47.25 lakh. The company restructured its equity capital and recognized significant impairments and liability de-recognition during the year.
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Jiya Eco-Products Limited reported a consolidated net profit of ₹1,474.03 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹104.05 lakh recorded in the previous year. This significant turnaround was primarily driven by exceptional items totaling ₹1,521.28 lakh, which stemmed from the implementation of a resolution plan approved by the National Company Law Tribunal. The Board of Directors approved the revised audited financial results at its meeting held on July 22, 2026.
The exceptional gains for the year included the de-recognition of financial liabilities amounting to ₹2,539.22 lakh and the de-recognition of provisions worth ₹1,170.74 lakh. Additionally, the company recognized an impairment of assets totaling ₹754.78 lakh, which included investments in subsidiary companies, land and building, and capital work in progress. These adjustments were made in accordance with the approved resolution plan and Indian Accounting Standards (Ind AS).
Financial Performance
The company’s revenue from operations remained nil for the year ended March 31, 2026, consistent with the prior year. Total expenses for the year decreased to ₹47.25 lakh from ₹106.71 lakh in the previous year. Basic earnings per share (EPS) for the year surged to ₹13.87 from ₹0.03 in the previous year. For the quarter ended March 31, 2026, the company reported a net profit of ₹1,490.09 lakh, with basic EPS standing at ₹14.02.
The following table summarizes the key financial metrics for Jiya Eco-Products Limited:
| Metric | Year Ended March 31, 2026 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Net Profit / (Loss) | 1,474.03 | (104.05) |
| Total Income | - | 2.66 |
| Total Expenses | 47.25 | 106.71 |
| Exceptional Items | 1,521.28 | - |
| Basic EPS (₹) | 13.87 | 0.03 |
Resolution Plan Impact
The resolution plan, submitted by Pradeep Kisan Khandagale, was implemented effective December 11, 2024. Consequently, the company's issued, subscribed, and paid-up equity share capital was restructured. The existing equity shares were cancelled, and a fresh issue of 1,06,314 shares of ₹100 each was made. Of these, 95% were issued to the resolution applicant against fund infusion of ₹101 lakh, while the remaining 5% were issued to existing shareholders.
Balance Sheet and Cash Flows
The total assets of the company stood at ₹166.97 lakh as of March 31, 2026, a significant decrease from ₹2,368.43 lakh in the previous year. This reduction was largely due to the extinguishment of various liabilities and assets as part of the resolution plan. Equity share capital was reported at ₹106.31 lakh, while other equity stood at a negative balance of ₹386.14 lakh.
Cash and cash equivalents increased to ₹9.96 lakh from ₹0.90 lakh at the end of the previous year. The net cash flow used in operating activities was ₹27.56 lakh, while investing activities generated a net cash flow of ₹25.91 lakh. Financing activities resulted in a net cash inflow of ₹10.71 lakh, primarily due to the repayment of long-term borrowings.
What are the specific business strategies and timelines for the new management to resume revenue-generating operations?
How will the company manage the negative balance in other equity, and what does it imply for future dividend distributions?
Are there potential risks of further asset impairments or liabilities emerging from the ongoing restructuring process?
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