Jayesh Logistics FY26 Net Profit Surges 40% to ₹1,008 Lakhs; IPO Proceeds Utilised

Jayesh Logistics Limited reported a robust financial performance for the year ended March 31, 2026, with net profit rising 40% to ₹1,008.45 lakhs from ₹722.13 lakhs in the previous year. Revenue from operations grew to ₹12,929.56 lakhs compared to ₹11,188.21 lakhs in the prior year, while total income stood at ₹12,960.89 lakhs. The board, at its meeting held on May 15, 2026, approved the audited financial results and recommended a final dividend of ₹0.05 per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance for FY26

The company's profit before tax increased to ₹1,263.15 lakhs from ₹968.37 lakhs in the prior year. Total expenditure for the year was reported at ₹11,697.74 lakhs, driven primarily by cost of service consumed at ₹10,512.04 lakhs. Basic and diluted earnings per share (EPS) improved to ₹13.83 from ₹11.62. The following table summarizes the key financial metrics for the year:

Metric Year Ended March 31, 2026 Year Ended March 31, 2025 Revenue from Operations (₹ Lakhs) 12,929.56 11,188.21 Other Income (₹ Lakhs) 31.33 14.61 Total Income (₹ Lakhs) 12,960.89 11,202.82 Cost of Service Consumed (₹ Lakhs) 10,512.04 9,198.00 Employee Benefit Expenses (₹ Lakhs) 273.83 208.63 Finance Cost (₹ Lakhs) 289.88 283.21 Depreciation & Amortization (₹ Lakhs) 474.99 456.00 Total Expenditure (₹ Lakhs) 11,697.74 10,234.45 Profit Before Tax (₹ Lakhs) 1,263.15 968.37 Net Profit (₹ Lakhs) 1,008.45 722.13 Basic and Diluted EPS (₹) 13.83 11.62

Balance Sheet and Assets

The audited balance sheet as of March 31, 2026, reflects a significant expansion in the company's asset base, which grew to ₹11,016.93 lakhs from ₹5,888.28 lakhs in the previous year. Share capital increased to ₹869.14 lakhs, while reserves and surplus surged to ₹4,347.13 lakhs. Tangible assets stood at ₹4,268.96 lakhs, and trade receivables were recorded at ₹4,931.47 lakhs. Cash and cash equivalents at the close of the year stood at ₹195.72 lakhs, up from ₹120.35 lakhs in the prior year. The key balance sheet figures are presented below:

Particulars As at March 31, 2026 (₹ Lakhs) As at March 31, 2025 (₹ Lakhs) Share Capital 869.14 634.44 Reserves and Surplus 4,347.13 1,099.00 Long-Term Borrowings 2,444.66 971.16 Short-Term Borrowings 2,068.18 1,827.42 Tangible Assets 4,268.96 1,326.73 Trade Receivables 4,931.47 3,774.87 Cash and Cash Equivalents 195.72 120.35 Total Assets 11,016.93 5,888.28

IPO Proceeds Utilisation

Jayesh Logistics successfully completed its Initial Public Offering (IPO), with equity shares listed on the SME Emerge Platform of NSE Limited on November 3, 2025. The IPO issue opening date was October 27, 2025 and the closing date was October 29, 2025, raising gross proceeds of ₹2,863.34 lakhs and net proceeds of ₹2,468.34 lakhs. As certified by statutory auditors GGPS and Associates, the company utilised ₹2,799.11 lakhs of the IPO proceeds up to March 31, 2026, with an unutilised balance of ₹64.23 lakhs. The company confirmed there were no deviations or variations in the utilisation of IPO proceeds from the objects stated in the prospectus, as reviewed by the Audit Committee. The utilisation details are as follows:

Object Original Allocation (₹ Lakhs) Funds Utilised (₹ Lakhs) Unutilised Amount (₹ Lakhs) Purchase of Side Wall Trailers 884.75 884.75 - Phase 2 of Smart Logistics Application 71.50 13.31 58.19 Working Capital Requirement 1,123.75 1,123.75 - General Corporate Purposes 388.34 388.34 - IPO Expenses 395.00 388.96 6.04 Total 2,863.34 2,799.11 64.23

Corporate Actions and Appointments

The board approved the revision of remuneration for Mr. Surendra Kumar Tiwari, Chief Financial Officer, from ₹24,00,000 per annum to ₹36,00,000 per annum, effective April 01, 2026, on the recommendation of the Nomination and Remuneration Committee. The board also approved the re-appointment of Ashish Upadhyay & Co (FRN: 328559E), Chartered Accountants, as Internal Auditor and M/s S.K. Joshi & Associates as Secretarial Auditor for FY 2026-27. The statutory auditors, GGPS and Associates (Firm Registration No. 032345N), issued an unmodified opinion on the audited financial results for the year ended March 31, 2026. The company operates in a single reportable segment of transportation and related ancillary logistics services.

Jayesh Logistics , a company with a current market capitalization of ₹100.00 crore, has secured a significant contract worth ₹11.00 crore from Dalmia Cements. This development marks a notable achievement for the logistics firm, potentially boosting its revenue and market position.

Contract Details

Aspect Details Contract Value ₹11.00 crore Client Dalmia Cements Company Market Cap ₹100.00 crore

Significance of the Deal

The newly acquired contract represents 11% of Jayesh Logistics' current market capitalization, indicating its potential importance to the company's financial outlook. This deal with Dalmia Cements, a prominent player in the cement industry, could signify Jayesh Logistics' growing presence in the industrial logistics sector.

Market Impact

While the immediate market reaction remains to be seen, this contract may be viewed positively by investors. It demonstrates Jayesh Logistics' ability to secure deals with major industry players, which could lead to enhanced visibility and potentially more business opportunities in the future.

Looking Ahead

As Jayesh Logistics moves forward with this new contract, stakeholders will likely be keen to observe how effectively the company executes the project and whether it leads to further growth opportunities or improved financial performance in upcoming quarters.

Note: Investors are advised to conduct their own research and consider multiple factors before making investment decisions.

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