Jayatma Industries Limited first-half loss more than doubles

Jayatma Industries reported a Rs 1.0326 crore loss after tax for the six months ended September 30, 2026, compared with a Rs 48.76 lakh loss a year earlier, as revenue from operations fell 4.5% to Rs 8.3849 crore. The September 2026 quarter recorded a Rs 42.60 lakh loss.

What did Jayatma Industries report for the first half?

Jayatma Industries reported total income of Rs 8.6805 crore and a loss after tax of Rs 1.0326 crore for the six months ended September 30, 2026. In the corresponding six months ended September 30, 2025, total income was Rs 9.0147 crore and the loss after tax was Rs 48.76 lakh, making the latest loss higher by Rs 54.50 lakh.

The results cover Jayatma Industries’ textiles operations, which the company identifies as cotton, yarn and fabrics. There were no exceptional items or tax expenses in either first-half period, so the loss before tax and loss after tax were both Rs 1.0326 crore in the six months ended September 30, 2026.

Basic and diluted earnings per share were negative Rs 1.68 for the six months ended September 30, 2026, compared with negative Rs 0.79 a year earlier. Paid-up equity share capital was unchanged at Rs 6.153 crore, with a face value of Rs 10 per share.

Why did Jayatma Industries’ first-half loss widen?

Jayatma Industries’ loss widened as total expenses increased to Rs 9.7131 crore while total income declined to Rs 8.6805 crore in the six months ended September 30, 2026. Expenses rose by Rs 21.08 lakh from the prior-year half, while total income fell by Rs 33.42 lakh, widening the gap between income and expenses.

Revenue from operations declined by Rs 39.43 lakh to Rs 8.3849 crore from Rs 8.7792 crore. Other income rose by Rs 6.01 lakh to Rs 29.56 lakh, compared with Rs 23.55 lakh in the prior-year first half, but did not offset the decline in operating revenue and the increase in reported expenses.

Purchases of stock-in-trade fell to Rs 8.1541 crore from Rs 8.9103 crore across the two six-month periods. However, inventory movement was an expense of Rs 4.60 lakh in the latest half, against a Rs 70.92 lakh reduction in expenses in the year-earlier period, changing the reported expense effect by Rs 75.52 lakh.

Other expenses increased to Rs 45.57 lakh from Rs 21.02 lakh, while depreciation and amortisation rose to Rs 52.11 lakh from Rs 49.19 lakh. Finance costs declined to Rs 41.58 lakh from Rs 45.78 lakh and employee-benefit expense fell to Rs 12.05 lakh from Rs 14.12 lakh, but these reductions did not prevent the first-half loss from increasing.

How did the September quarter compare with earlier periods?

Jayatma Industries recorded a Rs 42.60 lakh loss after tax in the quarter ended September 30, 2026, compared with a Rs 25.15 lakh loss in the quarter ended September 30, 2025. Revenue from operations rose to Rs 5.6798 crore from Rs 5.2499 crore over the year-earlier quarter, but the quarterly loss increased by Rs 17.45 lakh.

The September 2026 loss was lower than the Rs 60.66 lakh loss reported in the quarter ended June 30, 2026. Revenue from operations increased from Rs 2.7051 crore in the June quarter to Rs 5.6798 crore in the September quarter, while total income rose from Rs 2.8114 crore to Rs 5.8691 crore.

Other income in the September 2026 quarter was Rs 18.93 lakh, compared with Rs 13.15 lakh in the September 2025 quarter and Rs 10.63 lakh in the June 2026 quarter. Basic and diluted earnings per share were negative Rs 0.69 in the latest quarter, against negative Rs 0.41 a year earlier and negative Rs 0.99 in the preceding quarter.

The two quarterly losses of Rs 60.66 lakh in June 2026 and Rs 42.60 lakh in September 2026 totalled the Rs 1.0326 crore first-half loss. This means the second-quarter result improved from the immediately preceding quarter but remained below the September 2025 quarter’s Rs 25.15 lakh loss.

What changed in Jayatma Industries’ financial position?

Jayatma Industries’ total assets were Rs 34.026 crore as of September 30, 2026, compared with Rs 35.3608 crore as of March 31, 2026. Property, plant and equipment declined to Rs 6.3677 crore from Rs 6.8881 crore, while trade receivables decreased to Rs 9.0587 crore from Rs 9.9236 crore.

Total equity declined to Rs 8.3419 crore at September 30, 2026 from Rs 9.3745 crore at March 31, 2026. Other equity was Rs 2.1669 crore, compared with Rs 3.2215 crore at the preceding year-end, while share capital remained Rs 6.153 crore.

Non-current borrowings decreased by Rs 24.94 lakh between March 31 and September 30, 2026, while current borrowings increased by Rs 79.12 lakh. Cash and cash equivalents rose by Rs 5.42 lakh to Rs 94.22 lakh over the same period.

Were Jayatma Industries’ results reviewed and approved?

Jayatma Industries’ audit committee reviewed, and its board approved, the unaudited quarterly and half-year results on November 2, 2026. The board meeting in Ahmedabad began at 2:30 pm and ended at 3:45 pm, according to the company’s filing.

GMCA & CO., Chartered Accountants, issued its limited review report on November 2, 2026 for the quarter and half year ended September 30, 2026. The auditor said nothing had come to its attention that caused it to believe the results were not prepared in accordance with applicable accounting standards and disclosure requirements.

Jayatma Industries said the financial results were prepared under Indian Accounting Standards, or Ind AS, which it adopted effective April 1, 2017. The company also said the limited review report contained no observation that could affect the September 30, 2026 quarterly results.

Conclusion

Jayatma Industries’ first-half results show that a 4.5% decline in revenue from operations to Rs 8.3849 crore coincided with expenses of Rs 9.7131 crore and a Rs 1.0326 crore loss after tax. The September-quarter loss of Rs 42.60 lakh was lower than the June-quarter loss, but above the Rs 25.15 lakh loss reported a year earlier.

The next results will show whether revenue, inventory-related expenses and other expenses change from the six months ended September 30, 2026, when other expenses were Rs 45.57 lakh. The November 2, 2026 filing disclosed no forward target, business plan or scheduled corporate event beyond the reported results.