Jonjua Overseas Limited half-year profit rises to Rs 3.39 crore

Jonjua Overseas reported unaudited standalone net profit of Rs 3.39 crore for the half year ended September 30, 2026, versus Rs 1.12 crore a year earlier, as revenue from operations increased to Rs 13.83 crore from Rs 3.31 crore. The Board approved the results on November 13, 2026.

What did Jonjua Overseas report for the half year?

Jonjua Overseas reported net profit of Rs 3.39 crore for the half year ended September 30, 2026, compared with Rs 1.12 crore in the corresponding period ended September 30, 2025. The Rs 2.27 crore increase came alongside a Rs 10.52 crore rise in revenue from operations, based on the company’s standalone unaudited financial results.

Revenue from operations was Rs 13.83 crore in the latest half year, up from Rs 3.31 crore a year earlier. Total income, including other income, rose to Rs 13.92 crore from Rs 4.03 crore, although other income declined to Rs 9.85 lakh from Rs 71.74 lakh. This means the reported increase in total income was principally associated with the change in operating revenue.

The filing also shows profit before tax of Rs 4.33 crore for the half year ended September 30, 2026, compared with Rs 1.12 crore in the year-earlier period. Jonjua Overseas reported one operating segment under Indian Accounting Standard 108, or Ind AS 108, so it did not provide a segment-level revenue or profit split.

How did Jonjua Overseas perform in the September 2026 quarter?

Jonjua Overseas reported revenue from operations of Rs 9.48 crore for the quarter ended September 30, 2026, compared with Rs 4.35 crore in the quarter ended June 30, 2026. Net profit was Rs 2.15 crore in the September quarter, against Rs 1.24 crore in the preceding quarter, according to the quarterly figures included in the filing.

Basic earnings per share, or EPS, was Rs 0.61 for the September 2026 quarter and Rs 0.45 for the June 2026 quarter. Half-year basic EPS was Rs 0.90, compared with Rs 0.48 for the half year ended September 30, 2025. Jonjua Overseas said current-period basic and diluted EPS were calculated using the number of shares after its bonus issue under Ind AS 33.

The filing contains no corresponding September 2025 quarterly figures because Jonjua Overseas had reported results on a half-yearly basis in earlier periods. It also states that half-year EPS is not the sum of the two quarterly EPS figures, reflecting the prescribed weighted calculation after the bonus-share issue.

Which costs and transactions affected Jonjua Overseas' results?

Jonjua Overseas recorded cost of goods sold of Rs 8.40 crore for the half year ended September 30, 2026, compared with Rs 1.05 crore in the prior-year period. Depreciation and amortisation expense increased to Rs 86.29 lakh from Rs 73.08 lakh, while finance costs rose to Rs 3.43 lakh from Rs 2.09 lakh.

Employee-benefit expense declined to Rs 3.50 lakh from Rs 7.08 lakh, and other expenses fell to Rs 27.10 lakh from Rs 37.30 lakh. These movements occurred during a period in which revenue from operations rose by Rs 10.52 crore, but the results do not identify separate product lines because the company disclosed only one reportable segment.

Jonjua Overseas acquired the trade secret titled “Innovative Eco-Friendly Technology for VTOL/STOL Helipads and Airstrips” during the period for an all-inclusive consideration of Rs 19.14 crore. The seller was Major Harjinder Singh Jonjua (Retd.), the chairman-cum-managing director and a related party; the agreement was dated July 28, 2026, with an addendum dated November 11, 2026.

Shareholders approved that trade-secret acquisition through Resolution No. 13 at the annual general meeting held on August 21, 2026. Jonjua Overseas said it obtained full and exclusive rights and control over the asset, while the seller was bound by confidentiality and non-compete obligations from the transfer date.

What changed in Jonjua Overseas' balance sheet and cash flow?

Jonjua Overseas reported total assets of Rs 96.49 crore at September 30, 2026, compared with Rs 84.21 crore at March 31, 2026. Other intangible assets increased to Rs 61.75 crore from Rs 43.33 crore, while capital work in progress rose to Rs 1.66 crore from Rs 66.40 lakh.

Current assets declined to Rs 9.87 crore from Rs 16.93 crore over the same period. Trade receivables fell to Rs 2.35 crore from Rs 12.97 crore, whereas inventories increased to Rs 5.50 crore from Rs 89.05 lakh. Equity attributable to shareholders rose to Rs 55.17 crore from Rs 51.78 crore, while current liabilities increased to Rs 36.65 crore from Rs 28.69 crore.

Net cash generated from operating activities was Rs 14.29 crore for the half year ended September 30, 2026, compared with Rs 36.80 crore in the corresponding 2025 period. The cash-flow statement recorded a Rs 14.42 crore net reduction in short-term borrowings and Rs 1.04 crore of net cash used in investing activities, including Rs 99.25 lakh for capital work in progress.

Cash and cash equivalents, including other bank balances as presented in the cash-flow statement, were Rs 1.37 crore at September 30, 2026, compared with Rs 2.57 crore at the start of the half year. Jonjua Overseas separately stated in its balance-sheet notes that it had no bank loans, while noting that financial liabilities include unsecured loans and interest due.

Why is Jonjua Overseas reporting quarterly results now?

Jonjua Overseas said quarterly reporting became applicable prospectively after its January 27, 2026 bonus-share allotment caused paid-up equity share capital to exceed Rs 25 crore during the year. The company had previously reported on a half-yearly basis as a BSE SME-listed entity, and it said it had not prepared quarterly results for earlier periods.

Paid-up equity share capital was Rs 35.23 crore at September 30, 2026, compared with Rs 27.28 crore at March 31, 2026. The June and September 2026 figures therefore establish the first quarterly sequence disclosed under the new requirement, without an earlier quarterly comparator in this filing.

The Board meeting that approved the results started at 3:45 pm and ended at 5:10 pm on November 13, 2026. APT & Co. LLP conducted a limited review of the standalone results and stated that nothing had come to its attention to indicate that the statement failed to make the required disclosures or contained a material misstatement.

Conclusion

Jonjua Overseas reported higher half-year revenue, profit before tax and net profit for the period ended September 30, 2026, while other income fell and cost of goods sold increased to Rs 8.40 crore. The balance sheet also reflected a Rs 18.42 crore increase in other intangible assets from March 31, 2026.

The next quarterly disclosure can show whether revenue of Rs 9.48 crore and net profit of Rs 2.15 crore in the September 2026 quarter continue under the new reporting schedule. Future filings may also provide further information on the Rs 19.14 crore trade-secret acquisition and its effect on intangible assets, amortisation and cash flows.