Jagatjit Industries Limited

Key Financial Figures - Standalone (₹ in Lakhs)

Quarter Ended 30.09.2026:

  • Revenue from operations: ₹19,222
  • Other income: ₹321
  • Total income: ₹19,543
  • Total expenses: ₹19,933
  • Loss before exceptional items and tax: ₹(380)
  • Exceptional items: Not applicable
  • Loss before tax: ₹(390)
  • Net loss after tax: ₹(392)
  • Basic EPS: ₹(0.83)
  • Diluted EPS: ₹(0.83)

Half Year Ended 30.09.2026:

  • Revenue from operations: ₹37,802
  • Other income: ₹689
  • Total income: ₹38,591
  • Total expenses: ₹39,804
  • Loss before exceptional items and tax: ₹(1,213)
  • Exceptional items: Not applicable
  • Loss before tax: ₹(1,213)
  • Net loss after tax: ₹(1,216)
  • Basic EPS: ₹(2.59)
  • Diluted EPS: ₹(2.58)

Key Financial Figures - Consolidated (₹ in Lakhs)

Quarter Ended 30.09.2026:

  • Revenue from operations: ₹19,222
  • Other income: ₹321
  • Total income: ₹19,543
  • Total expenses: ₹19,937
  • Loss before exceptional items and tax: ₹(394)
  • Exceptional items: Not applicable
  • Loss before tax: ₹(394)
  • Net loss after tax: ₹(396)
  • Basic EPS: ₹(0.84)
  • Diluted EPS: ₹(0.84)

Half Year Ended 30.09.2026:

  • Revenue from operations: ₹37,902
  • Other income: ₹689
  • Total income: ₹38,591
  • Total expenses: ₹39,811
  • Loss before exceptional items and tax: ₹(1,220)
  • Exceptional items: Not applicable
  • Loss before tax: ₹(1,220)
  • Net loss after tax: ₹(1,223)
  • Basic EPS: ₹(2.61)
  • Diluted EPS: ₹(2.60)

Balance Sheet Highlights (Standalone as at 30.09.2026)

  • Total assets: ₹75,960 lakhs
  • Property, plant and equipment: ₹53,040 lakhs
  • Inventories: ₹6,575 lakhs
  • Trade receivables: ₹6,615 lakhs
  • Total equity: ₹4,617 lakhs
  • Borrowings (non-current): ₹31,550 lakhs
  • Borrowings (current): ₹5,244 lakhs
  • Trade payables: ₹10,080 lakhs (other than micro/small enterprises) + ₹451 lakhs (micro/small enterprises)

Operational and Segment Performance

The company operates in four segments:

1. Beverages: Manufacturing and supply of Grain Based Extra Natural Alcohol, bottled Indian Made Foreign Liquor, Country Liquor, Industrial Alcohol

2. Food: Manufacturing and supplies of food products

3. Biofuel (Ethanol): Manufacturing and Sales to Oil Marketing Companies (OMC)

4. Others: Trading of petroleum products and manufacture of Sanitizer

Segment Revenue for Q2 FY27 (Standalone):

  • Beverages: ₹7,782 lakhs
  • Food: ₹862 lakhs
  • Others: ₹336 lakhs
  • Ethanol: ₹10,242 lakhs

Significant Developments

Land Development Agreements: The company entered into fresh agreements during FY 2023-24 after canceling earlier FY 2017-18 agreements for development and disposal of part of leasehold land of Glass division at Sahibabad. During FY 2025-26 and H1 FY26, the company entered into fresh agreements for the balance part of this land. The company has received partial consideration of ₹14,044 lakhs towards these agreements. Revenue will be recognized upon completion of development and transfer/sales of developed plots.

Going Concern: The financial results have been prepared on a going concern basis despite continued losses from operations and negative net worth. Management notes that due to full-scale commencement of ethanol operations, losses have reduced by more than half compared to the previous half year. The company expects to reach breakeven level by year-end. Management is considering raising funds through private equity placement or promoter contributions, plus further monetization of surplus assets to augment working capital.

Contingent Liabilities

Claims against the company not acknowledged as debts: ₹1,252 lakhs as on 30.09.2026 (as certified by management).

Audit and Review

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12.11.2026. The statutory auditors, M/s V P Jain & Associates, carried out a limited review under Regulation 33 of SEBI LODR Regulations and expressed an unmodified report, with emphasis on:

1. Note 3 regarding contingent liabilities

2. Note 9 regarding going concern

The Board meeting commenced at 4:30 PM and concluded at 7:10 PM on 12.11.2026.

Additional Information

  • Provision for employee benefits made proportionately based on annualized figures from FY 2025-26
  • Closing inventory value: ₹6,575 lakhs as certified by management
  • MSME supplier information provided to extent identifiable
  • Provisions for doubtful receivables/advances/inventories will be recognized/written back at year-end
  • Previous period figures have been regrouped/reclassified for comparability