Jyoti Structures Reports 53% Revenue Jump and 56% PAT Growth in FY26 Audited Results

Jyoti Structures Limited has delivered a strong set of audited financial results for the quarter and year ended March 31, 2026, reflecting broad-based growth across revenue, operating profitability, and net earnings on both standalone and consolidated bases. The results were approved by the Board of Directors and filed with the National Stock Exchange and Bombay Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the advertisement published in newspapers pursuant to Regulation 47 on May 04, 2026.

Standalone Full-Year Performance Highlights

On a standalone basis, Jyoti Structures recorded significant year-on-year growth across all key financial metrics for FY26. The following table summarises the full-year standalone performance:

Metric:	YTD FY26	YTD FY25	Growth (%)
Revenue:	₹772.44 Crores	₹504.50 Crores	▲ 53%
EBITDA:	₹69.97 Crores	₹44.28 Crores	▲ 58%
PAT:	₹56.04 Crores	₹35.81 Crores	▲ 56%

The company's standalone net profit before tax (before exceptional and/or extraordinary items) stood at ₹54.72 Crores for the year ended March 31, 2026, compared to ₹35.66 Crores in the prior year. Total comprehensive income for the full year on a standalone basis was ₹67.35 Crores.

Q4 FY26 Standalone Quarterly Performance

For the quarter ended March 31, 2026, Jyoti Structures continued its growth momentum on a standalone basis. The quarterly performance is detailed below:

Metric:	Q4 FY26	Q4 FY25	Growth (%)
Revenue:	₹240.76 Crores	₹166.97 Crores	▲ 44%
EBITDA:	₹23.70 Crores	₹14.94 Crores	▲ 59%
PAT:	₹18.14 Crores	₹11.94 Crores	▲ 52%

Standalone net profit before tax (before exceptional and/or extraordinary items) for Q4 FY26 was ₹18.85 Crores, compared to ₹12.30 Crores in Q4 FY25. Total comprehensive income for Q4 FY26 on a standalone basis was ₹23.68 Crores.

Detailed Standalone and Consolidated Financial Results

The extract of the Statement of Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026 (Rs. in Crores) is presented below:

Particulars:	Standalone Q4 FY26 (Audited)	Standalone Dec 31, 2025 (Unaudited)	Standalone Year FY26 (Audited)	Standalone Year FY25 (Audited)	Consolidated Q4 FY26 (Audited)	Consolidated Dec 31, 2025 (Unaudited)	Consolidated Year FY26 (Audited)	Consolidated Year FY25 (Audited)
Total Income from Operations:	240.76	214.07	772.44	504.50	240.76	214.07	772.44	504.50
Net Profit/(Loss) before Tax, Exceptional and/or Extraordinary Items:	18.85	15.46	54.72	35.66	18.85	15.45	54.71	35.42
Net Profit/(Loss) before Tax (After Exceptional and/or Extraordinary Items):	18.85	15.46	54.72	35.66	18.85	15.45	54.71	35.42
Net Profit/(Loss) after Tax (After Exceptional and/or Extraordinary Items):	18.14	17.02	56.04	35.81	18.14	17.01	56.03	35.57
Total Comprehensive Income:	23.68	14.96	67.35	39.01	11.78	25.99	67.11	47.10
Equity Share Capital (Face Value ₹2/- each):	238.73	238.69	238.73	237.69	238.73	238.69	238.73	237.69
Other Equity:	-	-	260.60	348.90	-	-	235.87	324.42
Basic EPS (₹):	0.1523	0.1430	0.4703	0.4062	0.1522	0.1428	0.4702	0.4035
Diluted EPS (₹):	0.1521	0.1427	0.4698	0.3959	0.1521	0.1425	0.4697	0.3932

Regulatory Compliance and Availability of Results

The results were approved by the Board of Directors at its meeting held on April 30, 2026, in Mumbai. The above figures represent an extract of the detailed format of Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026, filed with the National Stock Exchange and Bombay Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the results is available on the websites of the National Stock Exchange ( www.nseindia.com ), Bombay Stock Exchange ( www.bseindia.com ), and the company's website ( www.jyotistructures.in ). The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter, which were subject to limited review by auditors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.54%	-0.15%	+23.50%	+4.70%	-27.60%	+220.05%

Jyoti Structures Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, to both BSE Limited and National Stock Exchange of India Limited. The report, prepared by CARE Ratings Limited, provides an objective assessment of the utilization of proceeds from the company's Rights Issue II, which was conducted between February 17, 2025, and March 10, 2025. The submission was made in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Rights Issue had an original issue size of Rs. 499.09 crore, which was revised to Rs. 459.59 crore following subscription at 92.11% of the issue size. The proceeds were earmarked for specific objects including payment of NCLT-approved resolution plan dues, meeting operational costs, and general corporate purposes. As of March 31, 2026, the company had utilized Rs. 436.21 crore, leaving Rs. 23.49 crore unutilized.

Utilization of Issue Proceeds

The monitoring agency confirmed that there was no deviation from the objects of the issue. The table below provides a detailed breakdown of the utilization across various heads:

Item Head	Original Cost (Rs. Crore)	Revised Cost (Rs. Crore)	Amount Utilized (Rs. Crore)	Unutilized Amount (Rs. Crore)
Dissenting Financial Creditors	97.76	97.76	97.76	-
Employees	19.31	19.31	19.31	-
Operational Creditors	35.00	35.00	27.70	7.30
Meeting Costs & Expenses	205.00	175.63	171.26	4.37
General Corporate Purposes	122.02	114.00	102.50	11.50
Issue Related Expenses	20.00	18.00	17.67	0.33
Total	499.09	459.69	436.21	23.49

During Q4 FY26, the company utilized Rs. 36.39 crore across various categories. This included Rs. 29.94 crore for placing fixed deposit margins against letters of credit and bank guarantees, Rs. 0.23 crore for bank charges and commissions, Rs. 0.21 crore for salary payments, and Rs. 5.98 crore for vendor payments.

Deployment of Unutilized Proceeds

The unutilized proceeds of Rs. 23.49 crore have been deployed as follows:

Instrument and Entity	Amount Invested (Rs. Crore)	Maturity Date	Return on Investment (%)
Fixed Deposit with HDFC Bank	23.00	01-04-2026	5.50
Monitoring Account with HDFC Bank	0.47	-	-
Current Account with SBI	0.01	-	-
Current Account with HDFC Bank	0.01	-	-
Total	23.49

The monitoring agency noted that the company transferred issue proceeds from the monitoring account to various current accounts for utilization, resulting in the commingling of funds. The agency relied on management declarations and the chartered accountant certificate for its assessment.

Key Observations and Timeline Extension

CARE Ratings highlighted several factors affecting the company's operations. The share price declined approximately 51% over the 12 months ending March 31, 2026, and was about 29% lower than the issue price. Additionally, the company had sizeable receivables of Rs. 2,061.5 crore as of March 31, 2025, which were outstanding for more than six months.

The letter of offer had stipulated March 31, 2026, as the timeline for deployment of gross proceeds. However, with Rs. 23.49 crore remaining unutilized, the board of directors approved a resolution on April 22, 2026, extending the implementation timeline for the objects of the issue to March 31, 2027. The extension allows the company to utilize the remaining net proceeds in subsequent periods in accordance with applicable laws.