Jasch Gauging Q2 profit falls 11% amid higher expenses

Jasch Gauging Technologies Limited reported profit after tax of Rs 4.56 crore for the quarter ended September 30, 2026, down 11% from Rs 5.14 crore a year earlier, while revenue from operations was nearly unchanged at Rs 16.92 crore. Total expenses rose to Rs 12.17 crore from Rs 11.69 crore.

How did Jasch Gauging perform in the September quarter?

Jasch Gauging reported profit after tax of Rs 4.56 crore in the quarter ended September 30, 2026, compared with Rs 5.14 crore in the corresponding quarter ended September 30, 2025. Revenue from operations declined to Rs 16.92 crore from Rs 17.12 crore, while other income was Rs 1.45 crore against Rs 1.45 crore a year earlier. Total income consequently declined to Rs 18.37 crore from Rs 18.57 crore.

Profit before tax was Rs 6.20 crore, compared with Rs 6.98 crore in the prior-year quarter, and current tax expense declined to Rs 1.64 crore from Rs 1.84 crore. Basic and diluted earnings per share were each Rs 10.05, down from Rs 11.33. The standalone results recorded no exceptional items, discontinued operations or other comprehensive income for the September 2026 quarter.

What changed between revenue and expenses at Jasch Gauging?

Jasch Gauging’s expenses rose by Rs 0.48 crore year on year even as total income declined by Rs 0.20 crore in the September 2026 quarter. Total expenses reached Rs 12.17 crore, compared with Rs 11.69 crore in the September 2025 quarter. This movement coincided with the Rs 0.78 crore reduction in profit before tax to Rs 6.20 crore.

Material consumption increased to Rs 6.28 crore from Rs 5.85 crore, a rise of Rs 0.43 crore, while employee-benefit expense increased to Rs 3.47 crore from Rs 3.04 crore, a rise of Rs 0.44 crore. Other expenditure declined to Rs 1.36 crore from Rs 1.40 crore, partly offsetting these increases. Finance costs were Rs 2.78 lakh, compared with Rs 2.50 lakh. The filing does not provide management’s explanation for the changes in quarterly profitability.

How did Jasch Gauging's first-half results compare with last year?

Jasch Gauging’s revenue from operations increased to Rs 31.60 crore for the six months ended September 30, 2026, from Rs 26.78 crore in the corresponding six-month period. Other income rose to Rs 2.92 crore from Rs 2.87 crore, taking total income to Rs 34.62 crore from Rs 32.65 crore. The first-half revenue movement therefore differed from the near-flat revenue reported for the September quarter alone.

Profit after tax for the six months was Rs 8.24 crore, compared with Rs 8.43 crore a year earlier, while profit before tax declined to Rs 11.12 crore from Rs 11.38 crore. Total expenses fell to Rs 20.40 crore from Rs 21.27 crore over the same comparison. Employee-benefit expense nevertheless increased to Rs 6.91 crore from Rs 6.31 crore, whereas material consumption declined to Rs 11.62 crore from Rs 11.76 crore.

What does Jasch Gauging's balance sheet show at September 2026?

Jasch Gauging reported total assets of Rs 116.99 crore as at September 30, 2026, compared with Rs 111.96 crore at March 31, 2026. Other equity increased to Rs 98.40 crore from Rs 94.69 crore, while equity share capital remained unchanged at Rs 4.53 crore. Cash and cash equivalents rose to Rs 10.95 crore from Rs 9.38 crore over the six-month period.

Trade receivables increased to Rs 7.32 crore at September 30 from Rs 5.38 crore at March 31, while inventories declined to Rs 6.84 crore from Rs 7.94 crore. Bank balances other than cash and cash equivalents increased to Rs 80.90 crore from Rs 78.14 crore. Non-current borrowings were Rs 22.66 lakh and current borrowings were Rs 2.69 lakh at September 30.

What did Jasch Gauging report on cash flows and loan defaults?

Jasch Gauging generated net cash from operating activities of Rs 3.38 crore in the six months ended September 30, 2026. Operating profit before working-capital changes was Rs 8.78 crore, while trade receivables increased by Rs 1.94 crore and income taxes paid were Rs 2.42 crore. The reduction in inventories contributed Rs 1.10 crore of cash during the period.

Investing activities generated Rs 2.80 crore of net cash, including Rs 2.85 crore of interest and other income and Rs 4.62 lakh spent on property, plant and equipment. Financing activities used Rs 4.61 crore, including dividend payments of Rs 4.53 crore and interest paid of Rs 5.58 lakh. In the separate default disclosure, Jasch Gauging listed loans or revolving facilities outstanding of Rs 25.35 lakh and reported zero amount in default.

Conclusion

Jasch Gauging’s September-quarter results show profit declining faster than revenue: revenue from operations slipped by Rs 0.20 crore to Rs 16.92 crore, while total expenses rose by Rs 0.48 crore to Rs 12.17 crore. The result was a Rs 0.58 crore year-on-year fall in profit after tax to Rs 4.56 crore, despite first-half revenue rising to Rs 31.60 crore.

What remains unresolved in the October 29, 2026 filing is the reason for the quarterly profit movement, as Jasch Gauging disclosed no operating outlook, earnings target or plan addressing the change. Future disclosures will show whether material consumption of Rs 6.28 crore and employee-benefit expense of Rs 3.47 crore continue to move ahead of quarterly revenue.