Jindal Photo Q4 FY26 Results (NSE: JINDALPHOT)
Signal: Slipped to loss
The read
Standalone net loss of ₹157.89 lakh in Q4FY26 versus a profit of ₹1,068.14 lakh in Q4FY25; the swing is entirely due to a 58% drop in other income and a 21% rise in finance costs, while core trading revenue grew 28% but remained insufficient to cover operating expenses. Full-year loss widened to ₹2,428.79 lakh from ₹1,785.10 lakh, indicating a deteriorating financial trajectory.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹6.94 Cr | 28.1% | N/A |
| EBIT | ₹-2 Cr | -121.9% | |
| Net profit | ₹-1.58 Cr | -114.8% | |
| EPS | ₹-0.14 | -114.4% | |
| EBIT margin | -28.9% |
P&L walk
Standalone-only filing; no consolidated P&L provided in this intimation notice.
Key positives
- Revenue from operations grew 28.1% YoY to ₹694.01 lakh, driven by higher stock-in-trade sales activity.
Key concerns
- Net loss of ₹157.89 lakh in Q4FY26 vs profit of ₹1,068.14 lakh a year ago; deterioration driven by 58% decline in other income and 21% increase in finance costs.
- PBT before exceptional items turned from a profit of ₹916.32 lakh (Q4FY25) to a loss of ₹200.38 lakh; core operations remain unprofitable.
- Finance costs of ₹1,524.90 lakh are more than double the revenue from operations, indicating heavy borrowing to fund investment trading.
- Full-year net loss widened to ₹2,428.79 lakh (FY26) from ₹1,785.10 lakh (FY25), reflecting a deteriorating profit trajectory.
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