Artemis ADR Marketplace Announces Audited Financial Results for Half Year Ended March 31, 2026
Artemis ADR Marketplace Limited, formerly known as Jetmall Spices and Masala Limited, has announced its audited standalone financial results for the half year ended March 31, 2026. The company's Board of Directors approved the results, which detail the company's performance and financial position for the period.The Board meeting related to these outcomes was held on Wednesday, May 13, 2026. The results include corrections to earlier published filings.
Financial Performance Summary
The financial statements present the performance data in Rupees in Lakhs (except where otherwise stated).For the half year ended March 31, 2026, the company recorded the following key revenue and expense figures:
| Particulars | Value (in Lakhs) |
|---|---|
| Revenue From Operations | 2000.00 |
| Other Income | 197.00 |
| Total Income | 21.10 |
| Total Expenses | 44.79 |
| Profit Before Exceptional and Tax | (28.75) |
| Profit (Loss) for the Period | (28.76) |
| Total Comprehensive Income | (28.76) |
The Earnings Per Share (EPS) for the period also showed a loss, with the Basic EPS reported at (0.48) and the Diluted EPS at (0.18).
Balance Sheet and Financial Position
As of March 31, 2026, the balance sheet showed significant figures across the equity and liabilities side.Key components of the Balance Sheet as of March 31, 2026, include:
| Equity and Liabilities | Amount (in Lakhs) |
|---|---|
| Share capital | 599.29 |
| Reserves and Surplus | 193.89 |
| Total Equity | 793.18 |
| Total Current Liabilities | 5277.22 |
| Total Liabilities | 3,512.55 |
On the assets side, the company reported:
| Assets | Amount (in Lakhs) |
|---|---|
| Property, Plant & Equipment | 608.08 |
| Capital Work in Progress | 584.71 |
| Total Current Assets | 2,877.22 |
| Total Assets | 3,512.55 |
Cash Flow Activities
According to the Cash Flow Statement for the half year ended March 31, 2026, the company reported a Net Cash from/(Used in) By Operating Activities of (18.37).The Statement indicated the following cash movements:
- Cash Generated From Operations: (7383)
- Net Cash from/(Used in) By Operating Activities: (18.37)
Capital Structure and Fund Utilization
In terms of capital raise, the company detailed a Preferential Issue that took place on February 6, 2026. The total issue size was INR 35,48,88,000 Crores. As of the date of the filing, the company had received 75% of this issue size, amounting to INR 26,61,60,000 Crores, as upfront consideration. The remaining 25% is subject to receipt when the conversion option is exercised by the warrant holder over a tenure of 18 months.The funds raised are allocated for the following objects:
- Working capital for ADR and Related Services (Salaries and Other Day-to-Day Expenses)
- Sales and Marketing Activities
- Investment/Capex in Technology development activities
The company confirmed that there is no deviation in the use of funds raised.
Stock Price Movement
Following the close on Friday, shares of Jetmall Spices and Masala Ltd finished at ₹53.00, up 0.74%. Throughout the trading session, the stock observed a range between a low of ₹53.00 and a high of ₹53.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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