Jainik Power Cables Announces Audited Financial Results for March 2026
Jainik Power Cables Limited, formerly known as Jainik Power and Cables Limited, announced the approval of its audited financial statements and results for the half year and the full financial year ended March 31, 2026. The company reported its results following a Board of Directors meeting held on May 30, 2026.The company confirmed that the auditors have issued an audit report providing an unmodified opinion on the financial results for the specified periods.
Financial Highlights (Rs. Lakhs)
The audited results show the company's key financial performance metrics. Total Revenue from Operations reached 3,934,839 for the full financial year ended March 31, 2026, compared to 1,845,774 for the half year ended March 31, 2026.The Net Profit after tax was reported at 78,180 for the half year and 923,61 for the full financial year.
A comparison of key financial metrics across the reporting periods is provided below:
| Particulars | Half Year Ended March 31, 2026 | Full Year Ended March 31, 2026 |
|---|---|---|
| Revenue from Operations | 2,089,065 | 3,516,895 |
| Total Income | 15,099,65 | 196 |
| Profit Before Tax | 107,163 | 12,375 |
| Net Profit after Tax | 78,180 | 923,61 |
| Basic Earnings per Share (Rs. 10 Nominal Value) | 587 | 999 |
Financial Position and Capital Structure
As of March 31, 2026, the company’s total equity and liabilities stood at 711,858 Rs. Lakhs. The company's total assets amounted to 1,167,552 Rs. Lakhs.The balance sheet details reveal the following components:
| Category | As of March 31, 2026 | As of March 31, 2028 |
|---|---|---|
| Total Equity and Liabilities | ||
| Shareholders' Fund | 143,477 | 965.45 |
| Reserves and Surplus | 70,173 | 149,069 |
| Total Current Liabilities | 310,532 | 365,065 |
| Total Equity and Liabilities | 711,858 | |
| Total Assets | ||
| Total Non-Current Assets | 185,058 | 7,516 |
| Total Current Assets | 977,494 | 638,342 |
| Total Assets | 1,167,552 | 711,858 |
IPO Proceeds and Fund Utilization
The company issued 46,63,200 equity shares with a face value of Rs 10 each and at a premium of Rs 110 per share through an initial public offer (IPO). The listing was completed on the Emerge Platform of NSE Limited on June 17, 2025.Total IPO proceeds of 5,129.52 Rs. Lakhs were received. Management reported that the utilization of these funds as of March 31, 2026, is detailed below:
| Object of the Issue | Amount Allotted | Amount Utilized till March 31, 2026 | Amount Unutilized as of March 31, 2026 |
|---|---|---|---|
| Capital Expenditure | 1,099 | 1,099 | - |
| Repayment of loan | 500 | 500 | - |
| Working Capital | 2,350 | 2,350 | - |
| General Corporate Purpose | 696.62 | 696.62 | - |
| Public Issue Expenses* | 483.9 | 483.9 | - |
| Total | 5,129.52 | 5,129.52 | - |
Cash Flow Summary
The cash flow statement indicates significant movement in cash and cash equivalents. Net cash generated from operating activities for the half year ended March 31, 2026, was 32,876 Rs. Lakhs.The net increase in cash and cash equivalents for the period was 27 Rs. Lakhs, resulting in a closing balance of 6,652 Rs. Lakhs.
The company also reported that the audited financial results were prepared in accordance with the recognition and measurement principles prescribed under the applicable Accounting Standards, ensuring the figures give a true and fair view.
JAINIK Stock Price Movement
On Friday, Jainik Power Cables Limited shares rallied to settle at ₹154.05, edging higher by 4.76% on the session. The stock closed on a volume of 75,600 shares, keeping pace with its annual range and remaining close to the 52-week high of ₹154.35.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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