Jagan Lamps September-quarter profit rises 85% to Rs 92.76 lakh

Jagan Lamps Limited reported profit of Rs 92.76 lakh for the quarter ended September 30, 2026, up 85% from Rs 50.14 lakh a year earlier, as revenue from operations rose 31% to Rs 14.2961 crore. Total income was Rs 14.467 crore and total expenses were Rs 13.2269 crore in the quarter.

How did Jagan Lamps perform in the September quarter?

Jagan Lamps increased quarterly profit by Rs 42.62 lakh year on year to Rs 92.76 lakh in the quarter ended September 30, 2026. Profit for the corresponding quarter ended September 30, 2025 was Rs 50.14 lakh, while profit before tax rose to Rs 1.2401 crore from Rs 67.13 lakh.

Revenue from operations increased by Rs 3.3997 crore to Rs 14.2961 crore from Rs 10.8964 crore. Other income declined to Rs 17.09 lakh from Rs 18.37 lakh, but total income still increased to Rs 14.467 crore from Rs 11.0801 crore, a rise of Rs 3.3869 crore.

Total expenses rose by Rs 2.8181 crore to Rs 13.2269 crore from Rs 10.4088 crore. The increase in total income was therefore larger than the rise in expenses, and the difference between the two, before tax, increased by Rs 56.88 lakh to Rs 1.2401 crore.

The September-quarter profit was lower sequentially than the Rs 1.0583 crore reported for the quarter ended June 30, 2026. Revenue from operations nevertheless increased from Rs 12.8893 crore in June to Rs 14.2961 crore in September, while profit before tax declined from Rs 1.4263 crore to Rs 1.2401 crore.

Which costs changed for Jagan Lamps during the quarter?

Jagan Lamps recorded higher material and employee costs in the September 2026 quarter. Cost of materials consumed rose by Rs 1.948 crore to Rs 9.9025 crore from Rs 7.9545 crore a year earlier, while employee-benefit expense increased by Rs 53.81 lakh to Rs 1.5901 crore.

Other expenses rose to Rs 94.06 lakh from Rs 70.74 lakh, and the charge from changes in inventories of finished goods, work in progress and stock in trade increased to Rs 30.70 lakh from Rs 13.64 lakh. These increases occurred alongside the Rs 3.3997 crore rise in quarterly revenue from operations.

Finance costs moved in the opposite direction, falling to Rs 15.08 lakh from Rs 20.78 lakh. Depreciation and amortisation also declined to Rs 33.60 lakh from Rs 35.07 lakh, partly offsetting the higher material, employee and other operating expenses.

Based on the reported figures, profit for the period represented about 6.4% of total income in the September 2026 quarter, compared with about 4.5% a year earlier. This calculation uses profit of Rs 92.76 lakh and total income of Rs 14.467 crore for 2026, against Rs 50.14 lakh and Rs 11.0801 crore respectively in 2025.

What do Jagan Lamps' half-year results show?

Jagan Lamps reported profit of Rs 1.9359 crore for the half year ended September 30, 2026, compared with Rs 87.24 lakh for the prior-year half. Revenue from operations increased by Rs 7.3079 crore to Rs 27.1853 crore from Rs 19.8774 crore.

Total income for the six-month period rose to Rs 27.4782 crore from Rs 20.17 crore, while total expenses increased to Rs 24.8118 crore from Rs 18.9882 crore. Profit before tax was Rs 2.6664 crore, more than the Rs 1.1818 crore reported in the half year ended September 30, 2025.

Current tax expense was Rs 54.20 lakh, compared with Rs 36.99 lakh in the preceding-year half, and deferred tax was a credit of Rs 5.37 lakh against a Rs 6.04 lakh credit. Basic and diluted earnings per equity share were Rs 2.65 for the half year, compared with Rs 1.20 a year earlier.

Material consumption in the half year rose to Rs 18.6322 crore from Rs 15.1439 crore, and employee-benefit expense increased to Rs 2.8426 crore from Rs 2.0258 crore. Finance costs decreased to Rs 28.51 lakh from Rs 41.05 lakh; the filing identifies one primary business segment and reports no separate segments.

What changed in Jagan Lamps' balance sheet and cash flow?

Jagan Lamps' total assets were Rs 54.4754 crore at September 30, 2026, compared with Rs 50.8586 crore at March 31, 2026. Current assets rose to Rs 39.2873 crore from Rs 35.0487 crore, led by trade receivables of Rs 12.2954 crore, up from Rs 7.5951 crore.

Inventories increased to Rs 25.7095 crore from Rs 25.6426 crore, while cash and cash equivalents rose to Rs 49.84 lakh from Rs 34.90 lakh. Other current assets declined to Rs 60.43 lakh from Rs 1.4585 crore, and bank balances other than cash equivalents decreased to Rs 17.98 lakh from Rs 20.32 lakh.

Net cash used in operating activities was Rs 81.40 lakh in the half year ended September 30, 2026, compared with an outflow of Rs 87.52 lakh a year earlier. The cash-flow statement records a Rs 4.7003 crore increase in trade receivables as a working-capital use, alongside a Rs 85.42 lakh decrease in other current assets.

Current borrowings increased to Rs 5.6667 crore at September 30 from Rs 4.0789 crore at March 31. Jagan Lamps reported Rs 1.5878 crore of net proceeds from short-term borrowings during the half year, compared with Rs 1.1191 crore in the prior-year period, while interest paid fell to Rs 28.51 lakh from Rs 41.05 lakh.

Conclusion

Jagan Lamps' September-quarter results show that revenue growth of Rs 3.3997 crore was accompanied by an increase in profit of Rs 42.62 lakh from the prior-year quarter, despite higher material consumption and employee costs. For the half year, profit reached Rs 1.9359 crore as revenue from operations rose to Rs 27.1853 crore.

The unresolved working-capital movement is the next item to watch: trade receivables rose by Rs 4.7003 crore from March 31 to September 30, while current borrowings increased by Rs 1.5878 crore. The September 2026 unaudited results were approved by Jagan Lamps' board on November 14, 2026 and were subject to a limited review by K A S G & Co., Chartered Accountants.