JTL Defence Limited (Erstwhile RCI Industries & Technologies Limited) — Quarter and year ended March 31, 2026
Optional commentary: The document includes both standalone and consolidated audited financial results, along with standalone/consolidated balance sheets and cash flow statements.
| S.No | Particulars | Quarter ended 31.03.2026 (Audited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Audited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 (Audited) | 31.03.2026 (Audited) | 31.03.2025 (Audited) | ||
| (Audited) | (Unaudited) | |||||
| 1 | Income | |||||
| a) Revenue from operations | 1,524.08 | 46.87 | 15.06 | 1,928.77 | 97.99 | |
| b) Other Income | – | 5.98 | 0.50 | 173.28 | 19.73 | |
| Total income | 1,524.08 | 52.84 | 15.56 | 2,102.05 | 117.72 | |
| 2 | Expenses | |||||
| a) Cost of Material Consumed | 3,223.37 | 65.12 | – | 3,288.49 | 8.62 | |
| b) Purchase of stock in trade | – | – | – | – | – | |
| c) Change in inventories of Finished goods, W.I.P and Stock In trade | (2,268.64) | (267.80) | – | (2,536.44) | – | |
| d) Employee benefit expense | 11.38 | 31.58 | 7.30 | 75.86 | 17.98 | |
| e) Finance cost | 98.88 | 9.05 | – | 107.93 | – | |
| f) Depreciation and amortisation expense | 129.59 | 117.00 | 135.31 | 481.12 | 541.25 | |
| g) Other Expenditure | 188.73 | 97.97 | 76.10 | 679.56 | 186.91 | |
| Total expenses | 1,383.31 | 52.92 | 218.72 | 2,096.53 | 754.77 | |
| 3 | Profit /(Loss) from operations before tax, exceptional items, Prior Period | 140.76 | (0.08) | (203.16) | 5.51 | (637.05) |
| 4 | Exceptional Items | – | – | – | – | – |
| 5 | Prior Period Items | – | – | – | – | – |
| 6 | Profit/(Loss) before tax | 140.76 | (0.08) | (203.16) | 5.51 | (637.05) |
| 7 | Tax expense | |||||
| (1) Current Tax | 1.41 | – | – | 1.41 | – | |
| (2) Deferred Tax | (30.35) | 2.56 | 1.80 | (22.67) | 6.99 | |
| Total Tax Expense | (28.94) | 2.56 | 1.80 | (21.26) | 6.99 | |
| 8 | Net Profit / (Loss) from ordinary activities after tax | 169.70 | (2.64) | (204.95) | 26.78 | (644.04) |
| 9 | Other Comprehensive Income | – | – | – | – | – |
| A (i) Items that will not be reclassified to profit or loss | ||||||
| Revaluation gain on Property, Plant and Equipment (PPE) | 18,921.26 | – | – | 18,921.26 | – | |
| Income tax relating to items that will not be reclassified to profit or loss | (4,762.10) | – | – | (4,762.10) | – | |
| 10 | Total other comprehensive income | 14,159.16 | – | – | 14,159.16 | – |
| Total comprehensive income / (loss) for the year | 14,328.86 | (2.64) | (204.95) | 14,185.94 | (644.04) | |
| 11 | Paid Up Equity Share Capital | 1,052.63 | 1,052.63 | 1,567.64 | 1,052.63 | 1,567.64 |
| (Face Value of Rs.10/- each) | ||||||
| 12 | Earning Per Share (of Rs.10/- each) | |||||
| a) Basic | 1.21 | (0.02) | (1.31) | 0.19 | (4.11) | |
| b) Diluted | 1.21 | (0.02) | (1.31) | 0.19 | (4.11) |
| Particular | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 23,627.89 | 4,213.85 |
| Capital work-in-progress | 440.48 | 627.42 |
| Financial Assets – Investments | 1,246.58 | 1,246.58 |
| Other non-current assets | 373.68 | 373.71 |
| Deferred tax assets (net) | – | – |
| Total Non – Current Assets | 25,688.64 | 6,461.56 |
| Current assets | ||
| Inventories | 3,364.67 | 41.14 |
| Financial Assets – Trade receivables | 2,026.94 | 1,119.32 |
| Financial Assets – Cash and cash equivalents | 19.26 | 14.30 |
| Financial Assets – Other Bank Balances | 126.46 | 107.30 |
| Financial Assets – Loans | 201.84 | 229.63 |
| Financial Assets – Other financial assets | 210.64 | 200.29 |
| Other current assets | 1,408.45 | 855.62 |
| Current Tax Assets (net) | – | 112.16 |
| Total Current Assets | 7,358.27 | 2,679.76 |
| Total Assets | 33,046.91 | 9,141.32 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 1,052.63 | 1,567.64 |
| Other equity – Reserves and surplus | 18,541.64 | (28,666.52) |
| Other equity – Other reserves | 26.78 | 11,658.41 |
| Total equity | 19,621.04 | (15,440.47) |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial Liabilities – Borrowings | 5,981.64 | 1,851.50 |
| Provisions | – | 63.63 |
| Deferred tax liabilities (net) | 4,868.17 | 128.74 |
| Total Non – Current Liabilities | 10,849.80 | 2,043.86 |
| Current liabilities | ||
| Financial Liabilities – Borrowings | – | 21,732.89 |
| Trade payables – (i) Total Outstanding dues of Micro and Small Enterprises | 22.57 | 14.28 |
| Trade payables – (ii) Total Outstanding dues other than Micro and Small Enterprises | 2,477.96 | 389.02 |
| Other financial liabilities | 75.53 | 330.61 |
| Other current liabilities | – | 63.07 |
| Provisions | – | 8.05 |
| Current Tax Liabilities (net) | – | – |
| Total Current Liabilities | 2,576.06 | 22,537.92 |
| Total Equity and Liabilities | 33,046.91 | 9,141.32 |
| Particulars | For the year ended 31.03.2026 (Audited) | For the year ended 31.03.2025 (Audited) |
|---|---|---|
| A. Cash Flow from Operating Activities | ||
| Profit / (Loss) before tax | 5.51 | (637.05) |
| Depreciation | 481.12 | 541.25 |
| Finance Cost | 107.93 | – |
| Interest Income | (1.38) | (19.73) |
| Actuarial Gain / (Loss) on defined benefit plan | – | – |
| Investment Written off | – | – |
| Expected credit losses Provision / Debtor written off | – | – |
| Provision for Income Tax | (1.41) | – |
| Operating Profit/(Loss) before Working Capital Changes | 591.77 | (115.52) |
| Movements in Working Capital:- | ||
| (Increase)/Decrease in Inventories | (3,323.53) | – |
| (Increase)/Decrease in Trade Receivables | (863.48) | 41.71 |
| (Increase)/Decrease in Loans | 41.31 | – |
| (Increase)/Decrease in Other Financial Assets | 2.58 | 45.00 |
| (Increase)/Decrease in Other Assets | (418.17) | (13.58) |
| Increase/(Decrease) in Trade Payables | 2,588.74 | 12.76 |
| Increase/(Decrease) in Other Financial Liabilities | (45.87) | 29.97 |
| Increase/(Decrease) in Other Current Liabilities | (63.07) | (839.90) |
| Increase/(Decrease) in Provisions | (58.72) | – |
| Cash Generated from Operations | (1,548.43) | (839.58) |
| Income tax Refund / (paid) during the year | – | – |
| Net Cash from / (used in) Operating Activities (A) | (1,548.43) | (839.58) |
| B. Cash Flow from Investing Activities | ||
| Purchase of property, plant & equipment | (786.96) | – |
| (Increase) / Decrease in investments | – | – |
| Interest received | 1.38 | 19.73 |
| (Increase) /Decrease in Other non-current assets | – | – |
| Net Cash from/ (used in) Investing Activities (B) | (785.58) | 19.73 |
| C. Cash Flow from Financing Activities | ||
| Proceeds from new borrowings (net of non-cash waive-off) | 5,981.64 | – |
| Finance Cost paid | (128.58) | – |
| Proceeds from Issue of Equity Shares (Resolution Plan) | 1,000.00 | – |
| Payment to Financial Creditors (Resolution Plan) | (4,514.09) | – |
| Net Cash from Financing Activities (C) | 2,338.97 | – |
| Non-cash adjustments and reclassifications | – | – |
| Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C) | 4.96 | (819.86) |
| Cash and Cash Equivalents at the beginning of the year | 14.30 | 834.16 |
| Cash and Cash Equivalents at the end of the year | 19.26 | 14.30 |
| Particulars | 31.03.2026 | 31.03.2025 |
|---|---|---|
| Balances with banks – In current accounts | 16.84 | 4.30 |
| Balances with banks – Deposit with Banks | – | 10.00 |
| Cash on hand | 2.42 | – |
| Cash and Cash Equivalents | 19.26 | 14.30 |
| S.No | Particulars | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 31.12.2025 (Unaudited) | Quarter Ended 31.03.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 31.03.2026 (Audited) | 31.12.2025 (Unaudited) | 31.03.2025 (Audited) | 31.03.2026 (Audited) | 31.03.2025 (Audited) | ||
| 1 | Income | |||||
| a) Revenue from operations | 1,524.08 | 46.87 | 15.06 | 1,928.77 | 97.99 | |
| b) Other Income | 0.00 | 5.98 | 0.50 | 173.28 | 19.73 | |
| Total income | 1,524.08 | 52.84 | 15.56 | 2,102.05 | 117.72 | |
| 2 | Expenses | |||||
| a) Cost of Material Consumed | 3,223.37 | 65.12 | – | 3,288.49 | 8.62 | |
| b) Purchase of stock in trade | – | – | – | – | – | |
| c) Change in inventories of Finished goods, W.I.P and Stock In trade | (2,268.64) | (267.80) | – | (2,536.44) | – | |
| d) Employee benefit expense | 11.38 | 31.58 | 7.30 | 75.86 | 17.98 | |
| e) Finance cost | 98.88 | 9.05 | – | 107.93 | – | |
| f) Depreciation and amortisation expense | 129.59 | 117.00 | 135.31 | 481.12 | 541.25 | |
| g) Other Expenditure | 188.73 | 97.97 | 76.10 | 679.56 | 186.91 | |
| Total expenses | 1,383.31 | 52.92 | 218.72 | 2,096.53 | 754.77 | |
| 3 | Profit /(Loss) from operations before, tax, exceptional items, Prior Period | 140.76 | (0.08) | (203.16) | 5.51 | (637.05) |
| 4 | Exceptional Items | – | – | – | – | – |
| 5 | Prior Period Items | – | – | – | – | – |
| 6 | Profit/(Loss) before tax | 140.76 | (0.08) | (203.16) | 5.51 | (637.05) |
| 7 | Tax expense | |||||
| (1) Current Tax | 1.41 | – | – | 1.41 | – | |
| (2) Deferred Tax | (30.35) | 2.56 | 1.80 | (22.67) | 6.99 | |
| Total Tax Expense | (28.94) | 2.56 | 1.80 | (21.26) | 6.99 | |
| 8 | Net Profit / (Loss) from ordinary activities after tax | 169.70 | (2.64) | (204.95) | 26.79 | (644.04) |
| 9 | Other Comprehensive Income | – | – | – | – | – |
| A (i) Items that will not be reclassified to profit or loss | ||||||
| Revaluation gain on Property, Plant and Equipment (PPE) | 18,921.26 | 18,921.26 | ||||
| Income tax relating to items that will not be reclassified to profit or loss | (4,762.10) | (4,762.10) |