Jyoti Resins and Adhesives Limited reported a net profit of ₹11.75 lakh for the first quarter ended June 30, 2026, marking a 32% decline from ₹17.38 lakh in the same period last year. While revenue from operations rose 17% to ₹87.71 lakh from ₹75.10 lakh in Q1FY25, the bottom line was compressed by a sharp increase in cost of materials consumed, which nearly doubled to ₹52.21 lakh from ₹23.75 lakh. This divergence between top-line growth and profit contraction highlights significant margin pressure in the current operating environment.

The Board of Directors approved the unaudited financial results at a meeting held on August 11, 2026, at the company’s registered office in Ahmedabad. The meeting commenced at 11:30 a.m. and concluded at 12:45 p.m. The results were prepared in accordance with Indian Accounting Standard (IND AS) 34 and reviewed by the Audit Committee before board approval.

R Kabra & Co LLP, the statutory auditors of the company, issued a limited review report on the interim financial information. Partner Pradip Das signed the report on August 11, 2026, stating that nothing came to their attention to suggest the statement contained material misstatement or failed to disclose required information under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Breakdown

Total income for the quarter stood at ₹91.02 lakh, up from ₹78.16 lakh in Q1FY25. This was driven by both operational revenue growth and an increase in other income to ₹3.32 lakh from ₹3.06 lakh. However, total expenses surged to ₹75.56 lakh from ₹54.92 lakh, primarily due to higher material costs and employee benefits expense, which rose to ₹10.65 lakh from ₹8.52 lakh.

Earnings per share (basic and diluted) were reported at ₹10, down from ₹14 in the corresponding quarter of the previous fiscal year. The company’s paid-up equity share capital remained unchanged at ₹12.00 lakh with a face value of ₹10 per share.

What the Numbers Show

The most critical signal in this filing is the disproportionate rise in cost of materials consumed relative to revenue growth. Material costs jumped 120% while revenue grew only 17%, indicating either a shift in product mix towards lower-margin items or significant input price inflation not fully passed on to customers. With finance costs negligible at zero and depreciation stable at ₹0.51 lakh, the margin erosion is purely operational, driven by direct input costs rather than overheads or financing charges.

Jyoti Resins and Adhesives Ltd has accepted the resignation of Tejal Varde as its Company Secretary and Compliance Officer, effective from the close of business hours on July 10, 2026. The resignation was submitted due to personal reasons, as intimated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors met on July 10, 2026, from 6:00 P.M. to 7:00 P.M. to consider the resignation. The company has confirmed that the necessary formalities, including filings with the Stock Exchange and Registrar of Companies, will be completed in this regard.

The following table details the specifics of the change in Key Managerial Personnel (KMP):

The resignation letter, dated July 10, 2026, was received by the company on the same day. Varde expressed her gratitude to the Board and colleagues for their support during her tenure.