Jayesh Logistics FY26 Net Profit Surges 40% to ₹1,008 Lakhs; IPO Proceeds Utilised
Jayesh Logistics reported a 40% rise in FY26 net profit to ₹1,008.45 lakhs, with revenue from operations growing to ₹12,929.56 lakhs. The company's total assets expanded significantly to ₹11,016.93 lakhs, supported by its IPO listing on NSE SME Emerge in November 2025. IPO gross proceeds of ₹2,863.34 lakhs were largely utilised with no deviations, and the board recommended a final dividend of ₹0.05 per equity share along with a CFO remuneration revision.
*this image is generated using AI for illustrative purposes only.
Jayesh Logistics Limited reported a robust financial performance for the year ended March 31, 2026, with net profit rising 40% to ₹1,008.45 lakhs from ₹722.13 lakhs in the previous year. Revenue from operations grew to ₹12,929.56 lakhs compared to ₹11,188.21 lakhs in the prior year, while total income stood at ₹12,960.89 lakhs. The board, at its meeting held on May 15, 2026, approved the audited financial results and recommended a final dividend of ₹0.05 per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.
Financial Performance for FY26
The company's profit before tax increased to ₹1,263.15 lakhs from ₹968.37 lakhs in the prior year. Total expenditure for the year was reported at ₹11,697.74 lakhs, driven primarily by cost of service consumed at ₹10,512.04 lakhs. Basic and diluted earnings per share (EPS) improved to ₹13.83 from ₹11.62. The following table summarizes the key financial metrics for the year:
| Metric | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from Operations (₹ Lakhs) | 12,929.56 | 11,188.21 |
| Other Income (₹ Lakhs) | 31.33 | 14.61 |
| Total Income (₹ Lakhs) | 12,960.89 | 11,202.82 |
| Cost of Service Consumed (₹ Lakhs) | 10,512.04 | 9,198.00 |
| Employee Benefit Expenses (₹ Lakhs) | 273.83 | 208.63 |
| Finance Cost (₹ Lakhs) | 289.88 | 283.21 |
| Depreciation & Amortization (₹ Lakhs) | 474.99 | 456.00 |
| Total Expenditure (₹ Lakhs) | 11,697.74 | 10,234.45 |
| Profit Before Tax (₹ Lakhs) | 1,263.15 | 968.37 |
| Net Profit (₹ Lakhs) | 1,008.45 | 722.13 |
| Basic and Diluted EPS (₹) | 13.83 | 11.62 |
Balance Sheet and Assets
The audited balance sheet as of March 31, 2026, reflects a significant expansion in the company's asset base, which grew to ₹11,016.93 lakhs from ₹5,888.28 lakhs in the previous year. Share capital increased to ₹869.14 lakhs, while reserves and surplus surged to ₹4,347.13 lakhs. Tangible assets stood at ₹4,268.96 lakhs, and trade receivables were recorded at ₹4,931.47 lakhs. Cash and cash equivalents at the close of the year stood at ₹195.72 lakhs, up from ₹120.35 lakhs in the prior year. The key balance sheet figures are presented below:
| Particulars | As at March 31, 2026 (₹ Lakhs) | As at March 31, 2025 (₹ Lakhs) |
|---|---|---|
| Share Capital | 869.14 | 634.44 |
| Reserves and Surplus | 4,347.13 | 1,099.00 |
| Long-Term Borrowings | 2,444.66 | 971.16 |
| Short-Term Borrowings | 2,068.18 | 1,827.42 |
| Tangible Assets | 4,268.96 | 1,326.73 |
| Trade Receivables | 4,931.47 | 3,774.87 |
| Cash and Cash Equivalents | 195.72 | 120.35 |
| Total Assets | 11,016.93 | 5,888.28 |
IPO Proceeds Utilisation
Jayesh Logistics successfully completed its Initial Public Offering (IPO), with equity shares listed on the SME Emerge Platform of NSE Limited on November 3, 2025. The IPO issue opening date was October 27, 2025 and the closing date was October 29, 2025, raising gross proceeds of ₹2,863.34 lakhs and net proceeds of ₹2,468.34 lakhs. As certified by statutory auditors GGPS and Associates, the company utilised ₹2,799.11 lakhs of the IPO proceeds up to March 31, 2026, with an unutilised balance of ₹64.23 lakhs. The company confirmed there were no deviations or variations in the utilisation of IPO proceeds from the objects stated in the prospectus, as reviewed by the Audit Committee. The utilisation details are as follows:
| Object | Original Allocation (₹ Lakhs) | Funds Utilised (₹ Lakhs) | Unutilised Amount (₹ Lakhs) |
|---|---|---|---|
| Purchase of Side Wall Trailers | 884.75 | 884.75 | - |
| Phase 2 of Smart Logistics Application | 71.50 | 13.31 | 58.19 |
| Working Capital Requirement | 1,123.75 | 1,123.75 | - |
| General Corporate Purposes | 388.34 | 388.34 | - |
| IPO Expenses | 395.00 | 388.96 | 6.04 |
| Total | 2,863.34 | 2,799.11 | 64.23 |
Corporate Actions and Appointments
The board approved the revision of remuneration for Mr. Surendra Kumar Tiwari, Chief Financial Officer, from ₹24,00,000 per annum to ₹36,00,000 per annum, effective April 01, 2026, on the recommendation of the Nomination and Remuneration Committee. The board also approved the re-appointment of Ashish Upadhyay & Co (FRN: 328559E), Chartered Accountants, as Internal Auditor and M/s S.K. Joshi & Associates as Secretarial Auditor for FY 2026-27. The statutory auditors, GGPS and Associates (Firm Registration No. 032345N), issued an unmodified opinion on the audited financial results for the year ended March 31, 2026. The company operates in a single reportable segment of transportation and related ancillary logistics services.
Historical Stock Returns for Jayesh Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.50% | -4.78% | -3.69% | +42.32% | +43.89% | +43.89% |
How will Jayesh Logistics deploy the remaining ₹64.23 lakhs in unutilised IPO proceeds, and what is the expected timeline for completing Phase 2 of the Smart Logistics Application?
Given the near-doubling of total assets and a significant surge in long-term borrowings from ₹971 lakhs to ₹2,444 lakhs, how will the company manage its debt servicing obligations while sustaining its current growth trajectory?
With trade receivables growing disproportionately to revenue (rising ~30% versus ~16% revenue growth), what steps is Jayesh Logistics taking to improve its working capital cycle and reduce collection risk?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
