JAI CORP LTD. Q1 FY27 Results

Jai Corp's consolidated PAT for Q1 FY27 (quarter ended June 30, 2026) came in at ₹28.20 Cr, down 73.0% year-on-year from ₹104.27 Cr, even as consolidated revenue from operations rose 20.1% YoY to ₹157.58 Cr (₹131.25 Cr a year ago) and 30.6% sequentially from ₹120.62 Cr. The PAT decline is not an operating story: Q1 FY26 carried an unusually large ₹103.57 Cr consolidated Other Income (driven by a ₹92.22 Cr unallocated/investment-income line per the segment note), versus just ₹17.45 Cr this quarter. Stripped of that swing, core operating profit (revenue less operating expenses) rose to roughly ₹20.6 Cr from ₹5.4 Cr a year ago, and the EBITDA-style operating margin more than doubled YoY to 15.1% from 6.3%, also improving from 13.2% in the March 2026 quarter — the plastic-processing business, which supplies almost all segment revenue, is the driver of that improvement.

Headline net profit margin compressed to 16.1% of total income from 44.4% a year ago (again, entirely an other-income base effect) but expanded from 15.4% in Q4 FY26. Standalone tells the same story in miniature: PAT ₹26.52 Cr, EPS ₹1.51, versus ₹104.04 Cr and ₹5.93 a year ago. There is no formal management guidance on record for this quarter — the context carries none, and a web check found no company-issued Q1 FY27 outlook, only a generic FY27 analyst PAT-growth estimate (~15-20%) from a retail research note, which is not a company guidance figure and cannot be used to grade this print; management gives no formal quarterly guidance. No quarter-specific Street consensus for Jai Corp's June-2026-quarter numbers could be found either, so vsStreet is marked unknown rather than guessed.

The stock went into the print at ₹104.76, down 3.6% over the past month of trading.

For context: revenue is at a 6-quarter high.

Operationally, the quarter was shaped by the July 23, 2026 flood that halted the Vasona (Silvassa) plastic-processing unit; it fully restarted August 11, 2026, is insured, and the company is still assessing the production-loss/property-damage extent — none of that disruption shows up as an exceptional item in this print, so any residual cost or insurance recovery is a Q2 FY27 item to watch. Within the consolidated mix, the Real Estate segment (development of land and buildings) posted a small ₹0.98 Cr segment profit on ₹2.94 Cr revenue versus a ₹0.12 Cr loss a year ago — immaterial in scale but a directional positive. The consolidated limited review carries a qualified conclusion, unlike the standalone's unmodified opinion, on two long-standing items: non-availability of associate Urban Infrastructure Holdings Pvt Ltd's quarterly financials, and a ₹21.47 Cr overdue inter-corporate deposit at a subsidiary still under legal recovery proceedings — both carried forward from prior quarters and not new to this result. Management's own press release accompanying the filing contains no MD&A commentary beyond the procedural board-outcome note, so there is no company framing to reconcile against the numbers this quarter.