Jolly Plastic reports FY26 net profit of ₹1.06 lakh
Jolly Plastic Industries Limited reported a net profit of ₹1.06 lakh for FY26, a decline from ₹1.77 lakh in the previous year, while revenue from operations increased to ₹22.60 lakh. The Board approved increasing authorized share capital to ₹27 crore and allotted 1.77 crore equity shares to Bhaum Digital Ventures Private Limited via preferential allotment. The statutory auditor noted the accounting software lacked an audit trail feature, which management is addressing.
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Jolly Plastic Industries Limited reported a net profit of ₹1.06 lakh for the financial year ended March 31, 2026, a decline from ₹1.77 lakh in the previous year. Revenue from operations rose to ₹22.60 lakh from ₹17.02 lakh in FY25, while total income decreased to ₹47.09 lakh from ₹61.43 lakh. The Board of Directors has not recommended any dividend for the financial year.
Financial Performance
The company's profit before tax for the year stood at ₹1.46 lakh, compared to ₹2.36 lakh in the prior year. Total expenses for FY26 were reported at ₹45.62 lakh, down from ₹59.07 lakh in FY25. The basic and diluted earnings per share (EPS) for the year was ₹0.016, a decrease from ₹0.027 in the previous year.
| Particulars | FY 2025-2026 (₹) | FY 2024-2025 (₹) |
|---|---|---|
| Sales/Income from operations | 22,59,510 | 17,02,250 |
| Other Income | 24,49,000 | 44,41,185 |
| Total Income | 47,08,510 | 61,43,435 |
| Total Expenses | 45,62,042 | 59,06,963 |
| Net Profit for the Year | 1,06,468 | 1,76,957 |
Capital Structure and Corporate Actions
During the financial year, the Board approved an increase in the authorized share capital to ₹27 crore. The authorized capital now comprises 2,50,00,000 equity shares of ₹10 each and 20,00,000 preference shares of ₹10 each. The issued, subscribed, and paid-up share capital as of March 31, 2026, was ₹24.38 crore.
The shareholders approved the issuance of up to 1,77,00,000 equity shares on a preferential allotment basis to Bhaum Digital Ventures Private Limited. The allotment was completed on April 3, 2026, at a price of ₹10 per share, aggregating to ₹17.70 crore. Following this issuance, Bhaum Digital Ventures Private Limited holds 72.61% of the expanded equity and voting shares in the company. The company received in-principle approval from the Bombay Stock Exchange Limited (BSE) for the listing of these shares on March 9, 2026.
Governance and Compliance
The Board of Directors underwent changes during the year, including the appointment of Mr. Parul Kumar as a Non-Executive Independent Director and the resignation of Mr. Adesh Kumar Agarwal. The company's statutory auditor, M/s GAMS & Associates LLP, noted in its report that the accounting software used during the year did not have a feature for recording audit trails (edit log). Management stated that it is in the process of updating the software to include this facility.
The company confirmed that it has not accepted any deposits falling under the purview of Section 73 of the Companies Act, 2013. There were no material orders passed by regulators or courts that would impact the going concern status of the company.
Historical Stock Returns for Jolly Plastic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.93% | -5.75% | +4.49% | -4.02% | -80.25% | -81.24% |
How does Bhaum Digital Ventures plan to utilize its 72.61% majority stake to influence Jolly Plastic's future strategy?
Will the successful preferential allotment and listing approval lead to a shift in the company's revenue model beyond operations?
What specific operational improvements are planned to reverse the decline in net profit despite rising revenue?
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