JYOTIRESJyoti Resins & Adhesives Ltd.
Jyoti Resins & Adhesives Q2 FY27 Results: Standalone Net Profit ₹18.48 Crore on Total Income of ₹101 Crore
- Earnings
- adhesives and resins
Reviewed byRachit TripathiBlacklitt Research
Jyoti Resins & Adhesives (NSE: JYOTIRES) reported total income of ₹100.56 crore and net profit of ₹18.48 crore for the quarter ended 30 Sep 2026, on a standalone basis, it said in a filing on 05 Nov 2026. The board approved the unaudited results on 05 Nov 2026.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹100.56 crore, up 29.7% YoY and 10.5% QoQ
- Net profit and EPS: ₹18.48 crore, up 7.7% YoY and 57.3% QoQ; basic EPS ₹10.00
- Other income: ₹2.89 crore, including ₹59.16 lakh of reversed excess depreciation from earlier years
- Dividend paid: ₹10.80 crore in the half year ended 30 Sep 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 101 | 78 | +29.7% | 91 | +10.5% | |
| Revenue from operations | 98 | 74 | +31.3% | 88 | +11.4% |
| Other income | 3 | 3 | -7.4% | 3 | -13.0% |
| 18 | 17 | +7.7% | 12 | +57.3% | |
| Profit before tax | 25 | 23 | +7.7% | 15 | +61.0% |
| Finance costs | 0 | 0 | n/a | 0 | n/a |
| Depreciation | 0 | 0 | -12.5% | 1 | -17.6% |
| Tax expense | 6 | 6 | +7.6% | 4 | +72.8% |
| Net profit margin | 18.38% | 22.14% | -3.76 pp | 12.91% | +5.47 pp |
| EPS, basic (₹) | 10.00 | 14.00 | -28.6% | n/a | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Other income was 3.0% of total income this quarter.
Net profit rose 7.7% year on year, slower than total income. Profit before tax grew by the same 7.7%, and tax expense of ₹6.41 crore was 25.8% of profit before tax, against a tax charge of ₹5.96 crore a year earlier. The filing does not give a reason for the higher cost of materials consumed, which was ₹30.30 crore against ₹18.76 crore a year earlier.
The notes say that other income includes a reversal of excess depreciation of ₹59.16 lakh relating to earlier financial years, which the company considered immaterial and corrected in the current period under Ind AS 8. The corresponding deferred tax effect of ₹14.89 lakh has been recognised and adjusted. Other income of ₹2.89 crore is 11.6% of profit before tax of ₹24.89 crore.
Net profit of ₹18.48 crore compares with ₹11.75 crore in the previous quarter, and the notes say the quarter figures are the balancing figure between the half-year audited figures and the quarter ended 30 Jun 2026.
Jyoti Resins & Adhesives is a single-segment adhesives and resins business, and the statutory auditor R Kabra & Co. LLP issued a limited review report with no exception noted. Latest quarter Q1 FY27 total income was ₹91.03 crore, up 16.5% YoY, and net profit was ₹11.76 crore, down 32.3% YoY.
On a half-year basis, total income was ₹191.58 crore and profit before tax ₹40.35 crore, with no exceptional items. The company paid a dividend of ₹10.80 crore in the half year, and the filing does not state the per-share amount, record date or payment date for it.
Inference
The filing shows paid-up equity share capital of ₹12.00 crore at face value ₹10 per share and a dividend paid of ₹10.80 crore in the half year. It does not state the per-share amount or the record date of that dividend, nor whether any further dividend is planned.
The filing does not explain the rise in cost of materials consumed or the reason for the finance costs. Neither the reason for the depreciation reversal nor its effect beyond the stated amounts is discussed.
Filed with BSE on . Reference: Original filing (PDF)
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