Jolly Plastic Industries Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved these results in a meeting held on November 13, 2025.

Key Financial Highlights

Financial Performance Analysis

The company experienced a significant decline in total income for Q2 FY2026, reporting Rs. 3.89 lakhs compared to Rs. 12.38 lakhs in the previous quarter. This represents a quarter-on-quarter decrease of approximately 68.6%. The year-on-year comparison also shows a decline, with Q2 FY2025 recording a total income of Rs. 6.63 lakhs.

Total expenses for Q2 FY2026 increased to Rs. 5.69 lakhs, up from Rs. 4.44 lakhs in Q1 FY2026. This rise in expenses, coupled with the decrease in income, resulted in a loss before tax of Rs. 1.80 lakhs for the quarter, contrasting with a profit of Rs. 7.94 lakhs in the previous quarter.

Despite the weak quarterly performance, the half-yearly results show some resilience. For H1 FY2026, Jolly Plastic Industries reported a total income of Rs. 16.27 lakhs, an improvement from Rs. 13.35 lakhs in H1 FY2025. The net profit for H1 FY2026 stands at Rs. 6.14 lakhs, up from Rs. 3.62 lakhs in the same period last year.

Balance Sheet and Cash Flow

As of September 30, 2025, the company reported total assets of Rs. 691.07 lakhs, a slight increase from Rs. 687.64 lakhs as of March 31, 2025. The company's shareholder funds, comprising share capital and reserves and surplus, totaled Rs. 691.07 lakhs.

The cash flow statement reveals a significant decrease in cash and cash equivalents, from Rs. 305.60 lakhs at the beginning of the period to Rs. 25.28 lakhs by the end of September 2025. This reduction was primarily due to investing activities, particularly in purchases of investments.

Corporate Governance and Compliance

The company has confirmed that there were no deviations in the use of public issue proceeds from their Initial Public Offering during the quarter and half-year ended September 30, 2025. This statement aligns with the regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, the Board of Directors has addressed a discrepancy in the face value of equity shares reported by the Ministry of Corporate Affairs (MCA). They have confirmed that the correct face value of the company's equity shares is Rs. 10 per share, as per the details provided in the shareholding pattern published on the Bombay Stock Exchange (BSE) website.

The financial results have been subject to a limited review by the statutory auditors, GAMS & Associates LLP, who have not expressed any material misstatements in their report.

Jolly Plastic Industries Limited, a company primarily engaged in trading shares and securities, has released its financial results for the quarter ended June 30, revealing a mixed performance with revenue growth but a decline in profits.

Revenue Growth

The company reported a significant increase in revenue from operations, which rose by 55.9% year-on-year to Rs. 3.85 lakhs, compared to Rs. 2.47 lakhs in the same quarter of the previous year. This growth in core business revenue is a positive sign for the company's operational performance.

Decline in Other Income and Total Income

Despite the growth in revenue from operations, Jolly Plastic Industries experienced a sharp decline in other income, which dropped to Rs. 0.04 lakhs from Rs. 5.25 lakhs in the corresponding quarter last year. As a result, the total income for the quarter decreased by 49.6% to Rs. 3.89 lakhs, down from Rs. 7.72 lakhs in the previous year.

Profit and Expenses

The company's profit before tax (PBT) saw a significant decrease, falling to Rs. 0.56 lakhs from Rs. 3.57 lakhs year-on-year. This decline in profitability can be attributed to the substantial reduction in other income, which outweighed the growth in revenue from operations.

On a positive note, Jolly Plastic Industries managed to reduce its total expenses to Rs. 3.33 lakhs from Rs. 4.14 lakhs in the same quarter last year. This reduction in expenses helped to partially offset the impact of lower total income on the company's bottom line.

Financial Highlights

Other Key Points

• Earnings per share (EPS) for the quarter stood at Rs. 0.001.
• The company's paid-up equity share capital remained unchanged at Rs. 667.64 lakhs, with a face value of Re. 1 per share.
• The Board of Directors approved these results on August 11, following a review by the audit committee.
• Auditors GAMS & Associates LLP conducted a limited review of the financial results and found no material misstatements.

Management Commentary

While the company did not provide specific management commentary, the financial results indicate a focus on growing core operations while managing expenses. The significant increase in revenue from operations suggests potential improvements in the company's trading activities or market conditions in the shares and securities segment.

Investor Relations

Jolly Plastic Industries reported that no investor complaints were pending at the beginning of the quarter, and no complaints were received during the quarter ended June 30, indicating positive investor relations.

As the company continues to navigate the dynamic trading environment, stakeholders will be watching closely to see if Jolly Plastic Industries can maintain its revenue growth while improving other income streams to boost overall profitability in the coming quarters.