Jeyyam Global Foods H1 revenue falls 58%, net profit 75%

Jeyyam Global Foods Limited reported revenue from operations of Rs 158.6843 crore for the half year ended September 30, 2026, down 58.3% from Rs 380.6734 crore a year earlier, while net profit declined 75.0% to Rs 2.7367 crore. The board approved the unaudited standalone results on November 13, 2026.

How much did Jeyyam Global Foods' H1 revenue and profit decline?

Jeyyam Global Foods' revenue from operations declined by Rs 221.9891 crore, or 58.3%, in the period from April 1, 2026 to September 30, 2026. Other income fell to Rs 0.2986 crore from Rs 0.6087 crore, resulting in total income of Rs 158.9829 crore, compared with Rs 381.2821 crore in the corresponding six months of 2025.

Jeyyam Global Foods reported net profit of Rs 2.7367 crore for H1 2026, against Rs 10.9281 crore in H1 2025. The Rs 8.1914 crore reduction was larger in percentage terms than the revenue decline, while basic and diluted earnings per equity share both fell to Rs 0.58 from Rs 2.30.

Jeyyam Global Foods' reported net profit as a share of revenue was about 1.7% in H1 2026, calculated from Rs 2.7367 crore of net profit and Rs 158.6843 crore of revenue. The comparable calculation was about 2.9% in H1 2025, based on Rs 10.9281 crore of profit and Rs 380.6734 crore of revenue; these percentages are calculations, not measures stated by the company.

Why did Jeyyam Global Foods' profit decline faster than revenue?

Jeyyam Global Foods did not give management commentary identifying a reason for the H1 profit decline, but its reported expense movements varied by category. Raw-material consumption, its largest listed expense, declined 60.3% to Rs 138.2611 crore from Rs 347.9408 crore, a faster reduction than the 58.3% fall in revenue.

Manufacturing and operating expenses increased 19.4% to Rs 3.1895 crore from Rs 2.6714 crore despite the lower revenue base. Employee-benefit expense fell 4.8% to Rs 3.3903 crore, while finance costs declined 2.8% to Rs 3.5811 crore from Rs 3.6829 crore over the same six-month periods.

Other expenses decreased to Rs 3.6766 crore from Rs 4.4139 crore, and depreciation and amortisation fell to Rs 2.4231 crore from Rs 2.5262 crore. The inventory-change line was Rs 0.7321 crore in H1 2026, compared with Rs 1.9539 crore a year earlier, while the filing reported profit before tax of Rs 3.7292 crore.

Jeyyam Global Foods' results table contains an arithmetic inconsistency that remains unexplained in the filing. It lists total income of Rs 158.9829 crore and total expenses of Rs 184.2636 crore, which do not reconcile to the stated profit before tax of Rs 3.7292 crore; adding the individual expense lines produces a different amount from the printed total-expenses figure.

What changed in Jeyyam Global Foods' balance sheet by September 2026?

Jeyyam Global Foods reported total assets of Rs 289.3129 crore at September 30, 2026, up from Rs 274.9216 crore at March 31, 2026. Share capital was unchanged at Rs 23.7484 crore, while reserves and surplus increased to Rs 160.0575 crore from Rs 157.3209 crore.

Inventories increased to Rs 46.8992 crore at September 30 from Rs 9.9409 crore at March 31, a rise of Rs 36.9583 crore. Trade receivables rose by Rs 8.0137 crore to Rs 113.3935 crore, while other current assets declined by Rs 12.8731 crore to Rs 41.6467 crore.

Cash and cash equivalents fell to Rs 0.4852 crore from Rs 15.9274 crore during the same period. Short-term borrowings decreased to Rs 46.4819 crore from Rs 61.4149 crore, but trade payables to creditors other than micro and small enterprises rose to Rs 36.7247 crore from Rs 7.2177 crore.

What does Jeyyam Global Foods' cash-flow statement show?

Jeyyam Global Foods reported net cash used in operating activities of Rs 11.9414 crore for the period ended September 30, 2026. The cash-flow statement recorded a Rs 36.9583 crore increase in inventories and a Rs 8.0137 crore increase in trade receivables, partly offset by a Rs 29.1979 crore increase in trade payables and a Rs 12.8731 crore decline in other current assets.

Jeyyam Global Foods reported cash used in investing activities of Rs 0.1393 crore, including Rs 0.7687 crore of additions to property, plant and equipment. Financing activities used Rs 3.6402 crore, comprising Rs 3.5811 crore of interest paid and a Rs 0.0591 crore decrease in long-term borrowings.

Jeyyam Global Foods reported a net decrease of Rs 15.4422 crore in cash and cash equivalents, reconciling opening cash of Rs 15.9274 crore with closing cash of Rs 0.4852 crore. The company said it prepared the statement using the indirect method under Accounting Standard 3, which governs cash-flow statements.

Were Jeyyam Global Foods' H1 2026 results audited?

Jeyyam Global Foods described the September 30, 2026 results as unaudited standalone financial results in its November 13, 2026 exchange announcement. The audit committee reviewed the results and the board approved them at its meeting held on that date.

Jeyyam Global Foods received an independent review report dated November 13, 2026 from Murali & Venkat, its statutory auditor. The auditor said the review, conducted under Standard on Review Engagements 2410, provides moderate assurance rather than an audit opinion and that nothing had come to its attention to indicate non-compliance with applicable accounting requirements.

Jeyyam Global Foods also said it has only one business segment, so Accounting Standard 17 segment reporting was not applicable. The H1 filing therefore provides no split of Rs 158.6843 crore revenue or Rs 2.7367 crore net profit by product, geography, factory or business division.

Conclusion

Jeyyam Global Foods' H1 results show a 58.3% year-on-year revenue decline to Rs 158.6843 crore and a 75.0% fall in net profit to Rs 2.7367 crore for the six months ended September 30, 2026. The balance sheet also showed higher inventories and receivables, lower cash, lower short-term borrowings and higher payables to other creditors than at March 31, 2026.

The filing provides no management forecast, recovery target or operating plan after the November 13, 2026 approval. The next results disclosure will be relevant for any clarification of the total-expenses arithmetic inconsistency and for changes in the Rs 46.8992 crore inventory balance, Rs 113.3935 crore receivables and Rs 0.4852 crore cash position.