JPT Securities FY26 loss widens, auditors flag going concern risk

2 min read | Published on 22 May 2026, 06:19 PM |Updated on 28 May 2026, 09:46 PM

Reviewed by

Jubin VScanX News Team

Key Highlights

JPT Securities Limited reported a widened net loss of ₹673.88 lakh for FY26, compared to ₹20.00 lakh in FY25, following a sharp drop in total income to ₹10.47 lakh and a significant impairment of investments. The statutory auditors issued an unmodified opinion but emphasized material uncertainties regarding the company's status as a going concern, citing defaulted inter-corporate deposits of ₹6.49 crore and unpaid statutory dues of ₹2.85 crore. The company's equity turned negative at ₹(340.85) lakh, while total assets contracted to ₹86.94 lakh.

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JPT Securities Limited reported a net loss of ₹673.88 lakh for the financial year ended March 31, 2026, a significant deterioration from the net loss of ₹20.00 lakh in the previous year. The company's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, on May 28, 2026. The statutory auditors, M/s JMT & Associates Chartered Accountants, issued an unmodified opinion on the results but highlighted material uncertainties regarding the company's ability to continue as a going concern.

Financial Performance

The company's total income for FY26 stood at ₹10.47 lakh, a sharp decline from ₹42.01 lakh in FY25. Total expenses surged to ₹684.29 lakh, primarily driven by an impairment of investments amounting to ₹648.54 lakh. For the quarter ended March 31, 2026 (Q4FY26), the company reported a net loss of ₹8.54 lakh. On a consolidated basis, the net loss for FY26 was ₹674.17 lakh, with the company's share of loss from associates, JPT Shares Services Private Limited, recorded at ₹0.31 lakh.

Auditor's Emphasis of Matter

The auditors drew attention to two significant factors indicating material uncertainty on the company's ability to continue as a going concern. Inter-corporate deposits (ICD) advanced by the company, with an outstanding balance of ₹6.49 crore, have defaulted on principal and interest payments. The company has made 100% provisions for this in the previous quarter, classifying it as a loss asset per RBI prudential norms. Additionally, the company faces liquidity issues, having not settled statutory dues amounting to ₹2.85 crore outstanding for more than six months. Management asserts that the liquidity issues are temporary and that loans and advances are recoverable in full.

Financial Position

The standalone balance sheet as of March 31, 2026, shows total assets at ₹86.94 lakh, a decrease from ₹725.63 lakh in the previous year. This reduction is largely due to the drop in loans from ₹600 lakh to zero and a decrease in other financial assets. Equity turned negative at ₹(340.85) lakh, compared to ₹333.04 lakh in FY25, reflecting the accumulated losses. The consolidated financial position mirrored this trend, with total assets at ₹86.66 lakh and negative equity of ₹(341.13) lakh.

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Total Income	10.47	42.01
Total Expenses	684.29	61.96
Net Profit/(Loss)	(673.88)	(20.00)
Equity Share Capital	300.60	300.60
Total Assets	86.94	725.63

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board. The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the statutory auditors issued an unmodified opinion on the audited financial results for both standalone and consolidated entities.