Jyoti Resins Q1 Results: Net profit falls 32% YoY to ₹11.75 lakh
Jyoti Resins and Adhesives Ltd posted a net profit of ₹11.75 lakh in Q1FY26, down 32% YoY, despite a 17% revenue increase to ₹87.71 lakh. Rising material costs, which doubled to ₹52.21 lakh, severely impacted margins. Earnings per share fell to ₹10 from ₹14. The results were approved by the Board on August 11, 2026, and reviewed by statutory auditors R Kabra & Co LLP.

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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.
| Particulars | Q1FY26 (₹ Lakh) | Q1FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue From Operations | 8,771 | 7,510 | +17% |
| Other Income | 332 | 306 | +8% |
| Cost of Materials Consumed | 5,221 | 2,375 | +120% |
| Employee Benefits Expense | 1,065 | 852 | +25% |
| Total Expenses | 7,556 | 5,492 | +38% |
| Profit Before Tax | 1,546 | 2,324 | -34% |
| Net Profit | 1,175 | 1,738 | -32% |
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.
Historical Stock Returns for Jyoti Resins & Adhesives
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.70% | -8.92% | -12.82% | -12.94% | -36.58% | +271.97% |
Will Jyoti Resins be able to pass on the increased material costs to customers in upcoming quarters, or will it need to absorb the inflation to maintain market share?
Does the 120% surge in material costs indicate a strategic shift towards lower-margin product segments, and how sustainable is this mix for long-term profitability?
What specific hedging strategies or supplier contracts is the company implementing to mitigate volatility in raw material prices for FY27?


































