Jayatma Industries equity falls to Rs 8.34 crore by September

Jayatma Industries Limited reported equity of Rs 8.34 crore at 30 September 2026, down from Rs 9.37 crore at 31 March 2026, as it recorded a Rs 1.03 crore loss for the six months ended September. Current borrowings rose Rs 79.12 lakh to Rs 9.22 crore during the same period.

What caused Jayatma Industries' equity to decline?

Jayatma Industries' equity fell Rs 1.03 crore over the six months to 30 September 2026, matching its reported loss after tax of Rs 1.03 crore for that period. Equity was Rs 9.37 crore at 31 March 2026. The results statement reported no other comprehensive income for either the six months ended 30 September 2026 or the corresponding six months of 2025.

The balance sheet showed share capital unchanged at Rs 6.15 crore at both 30 September 2026 and 31 March 2026. The separate other-equity line was listed at Rs 2.17 crore at September 2026, compared with Rs 3.22 crore at March 2026, while the reported equity subtotal was Rs 8.34 crore. The reduction in the equity subtotal therefore occurred without a change in stated share capital.

The half-year loss was larger than the Rs 48.76 lakh loss reported for the six months ended 30 September 2025. Jayatma Industries reported total comprehensive loss of Rs 1.03 crore for the latest half year, as no other comprehensive-income item was recorded. The company identifies its operating business as textiles, including cotton, yarn and fabrics.

The September-quarter loss was Rs 42.60 lakh, compared with a Rs 60.66 lakh loss in the quarter ended 30 June 2026. This was a sequential reduction of Rs 18.06 lakh, but the September 2026 loss remained above the Rs 25.15 lakh loss reported in the quarter ended 30 September 2025.

How did Jayatma Industries' borrowings change during the half year?

Jayatma Industries' current borrowings rose to Rs 9.22 crore at 30 September 2026 from Rs 8.43 crore at 31 March 2026. The Rs 79.12 lakh increase was partly offset by a Rs 24.94 lakh reduction in non-current borrowings, which fell to Rs 12.42 crore from Rs 12.67 crore.

Combined current and non-current borrowings increased Rs 54.18 lakh to Rs 21.64 crore at 30 September 2026 from Rs 21.09 crore at the preceding year-end. The change shows that current borrowings increased even as the non-current borrowing category declined. The filing does not disclose lenders, interest rates, security or contractual repayment dates for these balances.

Finance cost was Rs 41.58 lakh for the six months ended 30 September 2026, compared with Rs 45.78 lakh in the six months ended 30 September 2025. The lower finance cost was reported alongside the higher combined borrowing balance at September 2026, but the filing provides no explanation for the movement in finance cost.

What changed in Jayatma Industries' assets and current liabilities?

Jayatma Industries' total assets declined to Rs 34.03 crore at 30 September 2026 from Rs 35.36 crore at 31 March 2026, a reduction of Rs 1.33 crore. Current assets fell to Rs 27.33 crore from Rs 28.14 crore, while non-current assets decreased to Rs 6.70 crore from Rs 7.22 crore.

Trade receivables declined by Rs 86.49 lakh to Rs 9.06 crore at 30 September 2026 from Rs 9.92 crore at year-end. Inventories changed less, falling Rs 4.60 lakh to Rs 13.27 crore. Cash and cash equivalents increased Rs 5.42 lakh to Rs 94.22 lakh, and other current assets rose Rs 4 lakh to Rs 4.06 crore.

Property, plant and equipment declined Rs 51.04 lakh to Rs 6.37 crore at 30 September 2026 from Rs 6.89 crore at 31 March 2026. Non-current investments were Rs 12.95 lakh, compared with Rs 12.73 lakh, while non-current loans were Rs 20.08 lakh compared with Rs 20.09 lakh. The property, plant and equipment movement was the largest disclosed change among non-current asset lines.

Current liabilities were Rs 12.61 crore at 30 September 2026, compared with Rs 12.67 crore at 31 March 2026. Within the September balance, trade payables were Rs 13.64 lakh, provisions were Rs 45.78 lakh and other current liabilities were Rs 2.79 crore. The reported current-liability subtotal fell despite the increase in current borrowings.

How did Jayatma Industries perform in the first half of 2026-27?

Jayatma Industries reported total income of Rs 8.68 crore for the six months ended 30 September 2026, down from Rs 9.01 crore in the corresponding period a year earlier. Revenue from operations decreased Rs 39.43 lakh to Rs 8.38 crore, while other income increased Rs 6.01 lakh to Rs 29.56 lakh.

Total expenses rose to Rs 9.71 crore from Rs 9.50 crore in the prior-year half, resulting in a pre-tax loss of Rs 1.03 crore. Purchases of stock-in-trade decreased to Rs 8.15 crore from Rs 8.91 crore, but other expenses rose to Rs 45.57 lakh from Rs 21.02 lakh. Depreciation and amortisation increased to Rs 52.11 lakh from Rs 49.19 lakh.

The company reported no current or deferred tax expense for the six months ended 30 September 2026. Basic and diluted earnings per share were both a loss of Rs 1.68 for the half year, compared with a loss of Rs 0.79 in the six months ended 30 September 2025.

Cash generated from operating activities was Rs 47.29 lakh in the six months ended 30 September 2026. The cash-flow statement reported an operating loss before working-capital changes of Rs 9.57 lakh, compared with an operating profit of Rs 58.21 lakh for the year ended 31 March 2026, which is a different reporting period. Net investing cash outflow was Rs 29,000 and interest expense was Rs 41.58 lakh during the latest half year.

Conclusion

Jayatma Industries' September 2026 balance sheet shows equity lower by Rs 1.03 crore and total borrowings higher by Rs 54.18 lakh than at 31 March 2026. The movement occurred alongside a Rs 1.03 crore half-year loss, reduced revenue of Rs 8.38 crore and a decline in total assets to Rs 34.03 crore.

The next reported point to watch is the subsequent financial-results filing after the quarter ended 30 September 2026, whose unaudited results were approved by the board on 2 November 2026. Investors can track whether revenue in the textiles business, receivables of Rs 9.06 crore and current borrowings of Rs 9.22 crore change in the next disclosed balance sheet.