Jyot International Marketing cash falls 77% despite borrowing

Jyot International Marketing Limited ended the half year to September 30, 2026 with cash and cash equivalents of Rs 40.84 lakh, down 77% from Rs 177.45 lakh on March 31, 2026, despite reporting Rs 32.29 crore of net proceeds from long-term borrowings during the six-month period.

How much did Jyot International Marketing's cash balance fall?

Jyot International Marketing's cash and cash equivalents fell by Rs 136.61 lakh during the half year ended September 30, 2026. The standalone balance sheet reports a closing balance of Rs 40.84 lakh, compared with Rs 177.45 lakh at March 31, 2026, representing a decline of about 77%.

The standalone cash-flow statement records the same Rs 136.61 lakh net decrease in cash and cash equivalents. It starts with Rs 177.45 lakh at the beginning of the period and ends with Rs 40.84 lakh, linking the lower closing balance to cash movements over the April-to-September period rather than to a balance-sheet reclassification.

The September 30 cash balance comprised Rs 39.88 lakh held in a scheduled-bank current account and Rs 0.95 lakh in cash and cheques on hand. The filing does not show a term-deposit amount at September 30, while total cash and cash equivalents at March 31 were Rs 177.45 lakh.

How did Jyot International Marketing's borrowings and loans change?

Jyot International Marketing's non-current borrowings rose to Rs 70.44 crore at September 30, 2026 from Rs 38.14 crore at March 31, 2026. The increase of Rs 32.29 crore corresponds to the cash-flow statement's reported net proceeds from long-term borrowings for the half year.

Loans on the standalone balance sheet increased to Rs 76.03 crore from Rs 71.74 crore, an increase of Rs 4.29 crore over the six months. This means the closing loans balance grew alongside the rise in non-current funding, while cash at the reporting date moved in the opposite direction.

Current liabilities were Rs 85.08 lakh at September 30, 2026, compared with Rs 75.05 lakh at March 31, 2026. The filing presents these separately from the Rs 70.44 crore of non-current borrowings, but it does not disclose borrowing counterparties, security, interest rates or a maturity schedule.

Did loans and advances use cash during the half year?

Yes. Jyot International Marketing's cash-flow statement records an increase in loans and advances of Rs 34.29 crore during the half year ended September 30, 2026. The statement presents that increase as an operating cash outflow, making it the largest identified cash-use line in the supplied standalone cash-flow disclosure.

The Rs 34.29 crore cash-flow movement exceeds the Rs 4.29 crore increase in the closing loans balance. The two measures capture different reporting effects: one is the period's cash-flow line for loans and advances, while the other compares the March 31 and September 30 balance-sheet amounts. The filing does not provide a schedule of loan originations, collections, write-offs or transfers to reconcile the difference line by line.

Other current assets increased to Rs 12.99 lakh at September 30 from Rs 12.57 lakh at March 31, while trade receivables rose to Rs 7.50 lakh from Rs 5.50 lakh. These changes were much smaller than the loans-and-advances cash-flow line, but both categories were higher at the September reporting date.

What do Jyot International Marketing's financing cash flows show?

Jyot International Marketing reported net cash generated from financing activities of Rs 30.56 crore for the half year ended September 30, 2026. Net proceeds from long-term borrowings of Rs 32.29 crore were the largest identified financing inflow, and the cash-flow statement shows no proceeds from an issue of shares for the period.

The same financing section records interest and finance costs of Rs 1.74 crore. The reported net financing inflow of Rs 30.56 crore was therefore lower than the Rs 32.29 crore in net long-term borrowing proceeds, while the cash-flow statement separately identifies financing costs during the half year.

The financing inflow did not result in a higher cash balance because cash and cash equivalents still declined by Rs 136.61 lakh between March 31 and September 30. The filing specifically identifies the Rs 34.29 crore increase in loans and advances as a cash outflow, but does not provide management commentary allocating borrowing proceeds among lending, operating needs or other uses.

What does the September filing say about Jyot International Marketing's liquidity disclosure?

Jyot International Marketing's September filing reports lower cash, higher loans and higher non-current borrowings, but does not provide a full contractual-liquidity analysis. At September 30, 2026, it reported Rs 40.84 lakh of cash and cash equivalents, Rs 76.03 crore of loans and Rs 70.44 crore of non-current borrowings.

Jyot International Marketing is registered as a non-banking financial company, or NBFC, and states that it has no separate reportable operating segments under Indian Accounting Standard 108. The filing consequently does not split the Rs 76.03 crore loan balance by product, geography, borrower type or risk category.

The board approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026 on November 5, 2026. The independent auditor issued a limited-review report stating that nothing had come to its attention to indicate that the standalone statement did not make the required disclosures; the report also states that a review provides less assurance than an audit.

Conclusion

The September figures show that Jyot International Marketing added Rs 32.29 crore of net long-term borrowing proceeds while its closing loans balance increased by Rs 4.29 crore and cash fell by Rs 136.61 lakh. The cash-flow statement identifies a Rs 34.29 crore increase in loans and advances as a significant cash outflow, placing the lower cash balance alongside lending deployment and finance costs rather than an absence of new funding.

The next disclosures should be watched for changes in the Rs 40.84 lakh cash balance, the Rs 76.03 crore loans balance and the Rs 70.44 crore non-current borrowing balance. The September filing leaves the repayment profile, security, pricing and counterparties of borrowings unresolved, as well as a detailed reconciliation between loans-and-advances cash flows and the period-end loans balance.