JYOTISTRUCJyoti Structures Ltd.
Jyoti Structures Q2 FY27 Results: Consolidated Net Profit ₹15.41 Crore on Total Income of ₹249 Crore
- Earnings
- Transmission Towers
Reviewed byKeshav SehgalBlacklitt Research
Jyoti Structures (NSE: JYOTISTRUC) reported consolidated total income of ₹248.57 crore and net profit of ₹15.41 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone net profit for the same quarter was ₹15.37 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹248.57 crore, up 60.2% YoY and down 2.6% QoQ
- Net profit and EPS: ₹15.41 crore, up 58.5% YoY; basic EPS ₹0.13
- Finance costs: ₹2.91 crore against ₹0.07 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹248.57 crore, up 60.2% YoY and down 2.6% QoQ
- Net profit and EPS: ₹15.37 crore, up 58.1% YoY; basic EPS ₹0.13
- Provision for credit loss: ₹15.75 crore on trade receivables till date, per the auditors' review report
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 248.57 | 155.21 | +60.2% | 255.18 | -2.6% | |
| Revenue from operations | 243.84 | 150.84 | +61.7% | 251.46 | -3.0% |
| Other income | 4.73 | 4.37 | +8.2% | 3.72 | +27.2% |
| 15.41 | 9.72 | +58.5% | 19.46 | -20.8% | |
| Profit before tax | 15.57 | 10.17 | +53.1% | 19.27 | -19.2% |
| Finance costs | 2.91 | 0.07 | n/a | 2.23 | +30.5% |
| Depreciation | 3.68 | 3.16 | +16.5% | 3.47 | +6.1% |
| Tax expense | 0.16 | 0.45 | -64.4% | -0.19 | n/a |
| Net profit margin | 6.20% | 6.26% | -0.06 pp | 7.63% | -1.43 pp |
| EPS, basic (₹) | 0.13 | 0.08 | +58.0% | 0.16 | -20.8% |
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.
Net profit grew more slowly than income. Consolidated total income rose 60.2% YoY to ₹248.57 crore, while net profit rose 58.5% to ₹15.41 crore. Against the quarter before, income fell 2.6% and net profit fell 20.8%, and the net profit margin eased to 6.20% from 6.26% a year earlier.
Finance costs were ₹2.91 crore, or 1.2% of total income, against ₹0.07 crore a year earlier and ₹2.23 crore in Q1 FY27. Tax expense was ₹0.16 crore, 1.0% of profit before tax of ₹15.57 crore, against ₹0.45 crore a year earlier and a credit of ₹0.19 crore in the quarter before.
Other income of ₹4.73 crore was 30.4% of consolidated profit before tax. The filing gives consolidated other comprehensive income of ₹9.82 crore from items that will be reclassified to profit or loss, against a loss of ₹7.45 crore in the preceding quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 248.57 | 155.21 | +60.2% | 255.18 | -2.6% | |
| Revenue from operations | 243.84 | 150.84 | +61.7% | 251.46 | -3.0% |
| Other income | 4.73 | 4.37 | +8.2% | 3.72 | +27.2% |
| 15.37 | 9.72 | +58.1% | 19.46 | -21.0% | |
| Profit before tax | 15.53 | 10.17 | +52.7% | 19.27 | -19.4% |
| Finance costs | 2.91 | 0.07 | n/a | 2.23 | +30.5% |
| Depreciation | 3.72 | 3.16 | +17.7% | 3.47 | +7.2% |
| Tax expense | 0.16 | 0.45 | -64.4% | -0.19 | n/a |
| Net profit margin | 6.18% | 6.26% | -0.08 pp | 7.63% | -1.44 pp |
| EPS, basic (₹) | 0.13 | 0.08 | +57.5% | 0.16 | -21.1% |
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.
Standalone net profit of ₹15.37 crore rose 58.1% YoY, faster than profit before tax, which rose 52.7% to ₹15.53 crore. Tax was ₹0.16 crore against ₹0.45 crore a year earlier, and standalone other income of ₹4.73 crore was 30.5% of profit before tax.
The auditors' limited review report carries no modification to the conclusion on the standalone results. It relies on management representation for the existence and valuation of assets and liabilities. The results include unaudited management accounts of five branches and audited accounts of two branches in Tunisia and Uganda, seven project-site branches in total, and the auditors say they are unable to comment on the impact of these seven branches on standalone results. Their total income for the half year was ₹9.79 crore.
The company has started a reconciliation of trade receivables covering the continuation of contracts, work in progress, age, and disputed and undisputed dues. The process is not yet complete. The company has made a provision of ₹15.75 crore for estimated credit loss till date.
Standalone net cash from operating activities was ₹32.83 crore for the half year ended 30 Sep 2026, against negative ₹138.45 crore a year earlier.
Inference
The filing reports standalone short term borrowings of ₹169.69 crore and long term borrowings of ₹2,004.58 crore as at 30 Sep 2026. The company's other recent filings include purchase orders and notifications of award from Power Grid Corporation of India Limited, Torrent Power Limited and Gujarat Energy Transmission Co, announced between 23 Oct and 02 Nov 2026.
Not stated: the reason for the change in standalone other comprehensive income, the outcome of the trade receivables reconciliation, the impact of the seven project-site branches on standalone results, and the reason finance costs rose from ₹0.07 crore a year earlier.
Filed with BSE on . Reference: Original filing (PDF)
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