Jyoti Resins and Adhesives Limited held its board meeting on May 7, 2026, at its registered office in Ahmedabad, approving the standalone audited financial results for the fourth quarter and full year ended March 31, 2026. The board also recommended a final dividend of Rs. 9.00 (90%) per equity share of face value Rs. 10 each for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting. The statutory auditors, M/s. R Kabra & Co. LLP, issued an audit report with an unmodified opinion on the financial statements. The meeting commenced at 4:00 p.m. and concluded at 5:30 p.m.
Financial Performance Overview
The company's revenue from operations rose to Rs. 31,474 lakhs for the full year, compared to Rs. 28,412 lakhs in the previous year. Total income for the year stood at Rs. 32,631 lakhs against Rs. 29,509 lakhs in the prior year. However, net profit for the full year declined to Rs. 6,998 lakhs from Rs. 7,387 lakhs in the previous year, reflecting higher total expenses of Rs. 23,179 lakhs versus Rs. 19,631 lakhs. The following table summarises the key financial metrics:
| Metric: |
Q4 FY26 (Audited) |
Q3 FY26 (Unaudited) |
Q4 FY25 (Audited) |
FY26 (Audited) |
FY25 (Audited) |
| Revenue from Operations (Rs. lakhs): |
9,294 |
7,231 |
7,861 |
31,474 |
28,412 |
| Other Income (Rs. lakhs): |
249 |
290 |
337 |
1,158 |
1,097 |
| Total Income (Rs. lakhs): |
9,543 |
7,522 |
8,198 |
32,631 |
29,509 |
| Total Expenses (Rs. lakhs): |
6,856 |
5,392 |
5,494 |
23,179 |
19,631 |
| Profit Before Tax (Rs. lakhs): |
2,687 |
2,129 |
2,704 |
9,452 |
9,879 |
| Net Profit (Rs. lakhs): |
2,008 |
1,537 |
1,978 |
6,998 |
7,387 |
| Total Comprehensive Income (Rs. lakhs): |
2,040 |
1,537 |
1,956 |
7,031 |
7,383 |
| Basic EPS (Rs.): |
17 |
13 |
16 |
58 |
62 |
| Diluted EPS (Rs.): |
17 |
13 |
16 |
58 |
62 |
Expense Breakdown
Total expenses for the full year increased to Rs. 23,179 lakhs from Rs. 19,631 lakhs in the prior year. Key expense components for the full year included cost of materials consumed at Rs. 9,279 lakhs, employee benefits expense at Rs. 3,396 lakhs, sales promotion expense at Rs. 5,254 lakhs, sales commission expense at Rs. 980 lakhs, freight and octroi expense at Rs. 482 lakhs, and other expenses at Rs. 3,475 lakhs. Depreciation and amortisation stood at Rs. 192 lakhs for the year, while finance costs were Rs. 10 lakhs.
Balance Sheet Highlights
The company's total assets grew to Rs. 42,559 lakhs as at March 31, 2026, from Rs. 37,330 lakhs in the previous year. Total equity improved to Rs. 28,876 lakhs from Rs. 22,926 lakhs. The key balance sheet figures are presented below:
| Parameter: |
As at 31.03.2026 (Rs. lakhs) |
As at 31.03.2025 (Rs. lakhs) |
| Total Non-Current Assets: |
5,942 |
5,776 |
| Total Current Assets: |
36,617 |
31,554 |
| Total Assets: |
42,559 |
37,330 |
| Total Equity: |
28,876 |
22,926 |
| Total Non-Current Liabilities: |
818 |
699 |
| Total Current Liabilities: |
12,865 |
13,705 |
| Total Equity and Liabilities: |
42,559 |
37,330 |
Trade receivables stood at Rs. 15,915 lakhs, while cash and cash equivalents were Rs. 3,948 lakhs as at March 31, 2026. Current investments stood at Rs. 4,686 lakhs and bank balances other than cash and cash equivalents were Rs. 7,958 lakhs. Other equity excluding revaluation reserve was Rs. 25,996 lakhs for the current year.
Cash Flow Summary
Net cash flow from operating activities for the year was Rs. 4,807 lakhs, compared to Rs. 1,475 lakhs in the previous year, supported by an operating profit before working capital changes of Rs. 8,700 lakhs. Cash flow from investing activities resulted in a net outflow of Rs. 3,745 lakhs, primarily on account of investment purchases of Rs. 7,900 lakhs, partially offset by interest received of Rs. 1,114 lakhs and investment sales of Rs. 3,407 lakhs. Financing activities recorded a net outflow of Rs. 1,090 lakhs, primarily on account of dividend paid of Rs. 1,080 lakhs. Cash and cash equivalents at the end of the period stood at Rs. 3,948 lakhs.
Regulatory Compliance and Auditor's Opinion
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, and submitted pursuant to Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. R Kabra & Co. LLP (Firm Registration No: 104502W/W100721), the statutory auditors, issued an unmodified audit opinion on the standalone audited financial results. The results were reviewed by the Audit Committee prior to board approval. The company operates within a single reportable business segment, making segment reporting not applicable. The intimation was signed by Utkarsh Patel, Managing Director (DIN: 02874427).