Jakharia Fabric September-Half Profit Falls 29% Year-on-Year

Jakharia Fabric Limited reported profit after tax of Rs 1.57 crore for the half year ended September 30, 2026, down 29% from Rs 2.22 crore a year earlier, as revenue from operations declined to Rs 32.37 crore from Rs 34.12 crore. Profit nevertheless recovered from Rs 1.12 crore in the preceding half.

Why did Jakharia Fabric's September-half profit fall year on year?

Jakharia Fabric's profit fell year on year because its operating revenue and other income were lower than in the September 2025 half. Profit after tax declined by Rs 65.33 lakh to Rs 1.57 crore in the half ended September 30, 2026, from Rs 2.22 crore in the corresponding 2025 half. Profit before tax fell to Rs 2.39 crore from Rs 2.98 crore.

Revenue from operations decreased by Rs 1.75 crore to Rs 32.37 crore from Rs 34.12 crore. Other income was Rs 4.07 lakh, compared with Rs 10.56 lakh a year earlier, taking total revenue to Rs 32.41 crore from Rs 34.22 crore. The 5% decline in operating revenue was therefore accompanied by a lower contribution from non-operating income.

Jakharia Fabric reported material consumed of Rs 15.53 crore in the September 2026 half, versus Rs 17.61 crore in September 2025. Employee-benefit expense increased to Rs 4.35 crore from Rs 3.43 crore, while other expenses rose to Rs 9.76 crore from Rs 9.01 crore. Finance cost, however, declined to Rs 23.17 lakh from Rs 39.13 lakh.

The September 2026 statements were prepared under Accounting Standard 25, Interim Financial Reporting, and were approved by the board on November 13, 2026. The statutory auditor’s limited-review report dated November 13, 2026 said nothing had come to its attention indicating that the unaudited standalone results failed to make the required disclosures or contained a material misstatement.

How did Jakharia Fabric perform against the preceding half?

Jakharia Fabric improved sequentially in the September 2026 half, with profit after tax increasing by Rs 45.19 lakh from Rs 1.12 crore in the half ended March 31, 2026. Profit before tax increased to Rs 2.39 crore from Rs 1.68 crore, while operating revenue rose by Rs 2.29 crore to Rs 32.37 crore from Rs 30.08 crore.

The sequential increase in total revenue was slightly smaller because other income fell to Rs 4.07 lakh from Rs 27.37 lakh. Total revenue reached Rs 32.41 crore, compared with Rs 30.35 crore in the March 2026 half. The company said the March 2026 half-year figures were balancing figures between the audited full-year results and the published or reviewed September 2025 half-year results.

Jakharia Fabric's cost movements were mixed across the two halves. Material consumed rose to Rs 15.53 crore from Rs 13.73 crore, and employee-benefit expense increased to Rs 4.35 crore from Rs 4.29 crore. Other expenses decreased to Rs 9.76 crore from Rs 10.41 crore, while finance cost was nearly unchanged at Rs 23.17 lakh against Rs 23.40 lakh.

The company operates in one reportable business segment, textile processing and related activity, according to the notes accompanying the September 2026 results. It also stated that it operates primarily in India and had no other significant geographical segment, so the filing does not provide revenue or profit splits across multiple operating divisions.

What changed in Jakharia Fabric's working capital position?

Jakharia Fabric's trade receivables increased by Rs 3.36 crore over six months to Rs 13.32 crore at September 30, 2026, from Rs 9.96 crore at March 31, 2026. This was the largest movement among reported current-asset categories and represented an increase of about 34% from the March balance.

Inventories remained broadly stable at Rs 2.53 crore at September 30, 2026, compared with Rs 2.51 crore at March 31, 2026. Short-term loans and advances were also little changed at Rs 1.66 crore from Rs 1.67 crore. Other current assets declined to Rs 1.22 crore from Rs 2.15 crore, partly offsetting the increase in trade receivables.

Total current assets rose to Rs 18.77 crore at September 30, 2026 from Rs 16.35 crore six months earlier. Cash and cash equivalents declined to Rs 4.38 lakh from Rs 6.77 lakh over the same period. The balance sheet separately reported total assets of Rs 48.52 crore, compared with Rs 45.88 crore at March 31, 2026.

How did Jakharia Fabric's equity and liabilities move?

Jakharia Fabric's shareholders' funds increased to Rs 27.07 crore at September 30, 2026 from Rs 25.50 crore at March 31, 2026. The movement reflected reserves and surplus rising to Rs 14.87 crore from Rs 13.30 crore, while share capital was unchanged at Rs 12.19 crore.

Non-current liabilities increased to Rs 2.00 crore from Rs 1.43 crore. Long-term borrowings rose to Rs 75.19 lakh from Rs 53.35 lakh, deferred-tax liabilities increased to Rs 62.68 lakh from Rs 43.04 lakh, and long-term provisions rose to Rs 62.03 lakh from Rs 46.13 lakh.

Current liabilities were Rs 19.45 crore at September 30, 2026, compared with Rs 18.96 crore at March 31, 2026. Short-term borrowings were Rs 4.89 crore against Rs 4.87 crore, while trade payables declined marginally to Rs 11.76 crore from Rs 11.80 crore. Other current liabilities increased to Rs 1.75 crore from Rs 1.25 crore.

The filing also reported a debt-equity ratio of 0.04 for April to September 2026. Its interest service coverage ratio was 15.52 for the same period, based on reported profit before tax, finance cost and depreciation. These ratios were disclosed alongside the September 2026 standalone half-year financial statements.

Conclusion

Jakharia Fabric's September 2026 half-year results show a sequential recovery in operating revenue and profit, but a lower outcome than in the year-earlier half. Revenue from operations rose by Rs 2.29 crore from the March 2026 half and profit after tax increased by Rs 45.19 lakh, yet year-on-year revenue was lower by Rs 1.75 crore and profit was lower by Rs 65.33 lakh.

The next results disclosures will show whether the Rs 13.32 crore receivables balance changes after its Rs 3.36 crore six-month increase. Separately, the board approved Dikshant Singh Panwar's appointment as company secretary and compliance officer effective November 14, 2026, after Bhavin Waghela ceased in that role at the close of business on November 13, 2026.