Jayabharat Credit Limited

Financial Results Overview

The Board of Directors meeting held on August 12, 2026 (12:30 PM to 2:00 PM) approved and took on record the unaudited financial results for Q1 FY2026:

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹0 (compared to ₹2 lakh in Q1 FY2025 and Q4 FY2026)
  • Other Income: ₹0 (compared to ₹5 lakh in Q1 FY2025)
  • Total Income: ₹0
  • Employee Benefit Expenses: ₹0
  • Finance Cost: ₹0
  • Depreciation and Amortization: ₹0.03 lakh (compared to ₹0.07 lakh in previous periods)
  • Other Expenses: ₹26.71 lakh (compared to ₹26.56 lakh in Q1 FY2025 and ₹28.42 lakh in Q4 FY2026)
  • Total Expenses: ₹26.74 lakh
  • Loss before Tax: ₹(26.74) lakh
  • Tax Expense: ₹0
  • Net Loss for the quarter: ₹(26.74) lakh
  • Total Comprehensive Loss: ₹(26.74) lakh

Comparative Performance:

  • Q1 FY2025 Net Loss: ₹(26.63) lakh
  • Q4 FY2026 Net Loss: ₹(28.49) lakh
  • FY2026 Annual Net Loss: ₹(107.08) lakh

Capital Structure:

  • Paid-up Equity Share Capital: ₹500.00 lakh (Face Value ₹10 each)
  • Reserves excluding Revaluation Reserves: Negative ₹(6,693.03) lakh as per last balance sheet
  • Earnings Per Share (Basic and Diluted): ₹(0.53) for Q1 FY2026

Key Financial Position Indicators

As of June 30, 2026:

  • Accumulated Losses: ₹7,687.46 lakh
  • Negative Net Worth: ₹6,219.77 lakh
  • Current liabilities exceed total assets by ₹6,219.77 lakh

Promoter Support and Going Concern

The company receives continuing financial support from promoters through Inter Corporate Deposits totaling ₹8,168.61 lakh, which helps meet financial requirements including operational expenses. Despite the negative net worth and accumulated losses, the financial results have been prepared on a going concern basis due to this promoter support.

Auditor Review and Qualification

The statutory auditors, Jagdish Chand & Co. (Firm Registration Number: 000129N), conducted a limited review under Regulation 33 of SEBI LODR Regulations and expressed an unmodified opinion. However, they highlighted a material uncertainty regarding going concern due to:

  • Accumulated losses of ₹7,687.46 lakh
  • Net loss of ₹26.74 lakh for the quarter
  • Negative net worth of ₹6,219.77 lakh
  • Current liabilities exceeding total assets by ₹6,219.77 lakh
  • Company not engaged in active business activities

The auditors noted that these conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.