Digjam539979Quarterly results
Board approves September quarter results; auditor flags going-concern uncertainty
Board approved two items 👔.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 992.66 | 1,413.99 | −29.8% | 745.79 | +33.1% |
| Total income | 993.21 | 1,420.71 | −30.1% | 759.50 | +30.8% |
| Profit before tax | 139.58 | 86.27 | +61.8% | 87.43 | +59.6% |
| Profit after tax | 135.66 | (174.29) | — | 82.43 | +64.6% |
| Total comprehensive income | 136.13 | (174.12) | — | 82.91 | +64.2% |
| Basic EPS | 0.68 | (0.87) | — | 0.41 | +65.9% |
- Total income
- Latest 993.21; Year ago 1,420.71 (−30.1%); Prev qtr 759.50 (+30.8%)
- Profit after tax
- Latest 135.66; Year ago (174.29); Prev qtr 82.43 (+64.6%)
- Period
- For Quarter ended September 30, 2026 Unaudited
Also decided at the meeting
- Approved change of Registrar and Share Transfer Agent from MCS Share Transfer Agent Limited to MUFG Intime India Private Limited; effective date to be informed in due course.
Auditor's review
Conclusion: Unmodified
- Material uncertainty related to going concern: current liabilities exceeded current assets by Rs. 1,971.80 lakhs as at September 30, 2026.
- Sole Jamnagar manufacturing facility discontinued effective March 31, 2025; assets held for sale carried at Rs. 5,318.53 lakhs. Conclusion not modified.
Notes to the results
- Scheme of Arrangement approved June 29, 2025 for demerger of Textile undertaking of Reid and Taylor International Pvt Ltd into Digjam; appointed date July 1, 2025; no effect considered pending approvals.
- Going concern basis adopted despite current liabilities exceeding current assets by ₹1971.80 lakhs; assets held for sale carried at ₹5,318.53 lakhs.
- Discontinued operations (Jamnagar facility) loss after tax of (3.92) lakhs for the quarter ended September 30, 2026.
Board meeting outcome
The board met on October 21, 2026 and approved two items.
- The Registrar and Share Transfer Agent is being changed from MCS Share Transfer Agent Ltd to MUFG Intime India Pvt Ltd. The company says this was done considering evolving operational requirements and to use the new registrar's technology, service infrastructure and investor-servicing set-up. The date from which the change becomes effective will be informed later.
- The unaudited financial results for the quarter and half year ended September 30, 2026 were approved, along with the limited review report.
Auditor's review conclusion
The review conclusion is not modified, but the auditor has drawn attention to a material uncertainty related to going concern.
- As at September 30, 2026, the company's current liabilities exceeded its current assets by Rs. 1,971.80 lakhs.
- Operations at the company's sole manufacturing facility at Jamnagar were discontinued effective March 31, 2025, and the related assets are classified as non-current assets held for sale, with a carrying value of Rs. 5,318.53 lakhs.
- The results are still prepared on a going concern basis, resting on management plans that include realising non-core assets, cost optimisation, strategic restructuring and a proposed scheme of arrangement.
Results as reported (amount in Rupees Lakhs)
- Revenue from operations: 992.66 for the September 2026 quarter.
- Total income: 993.21 for the quarter.
- After a loss from discontinued operations, the line item Net Profit/(Loss) for the period works out to 135.66 for the quarter, against (174.29) in the September 2025 quarter — a swing from loss to profit.
- For the half year, Net Profit/(Loss) for the period was 218.09.
- Total Comprehensive Income/(Loss) for the period was 136.13 for the quarter, which the notes also describe as a total comprehensive profit of Rs. 136.13 lakhs for the quarter ended September 30, 2026.
Scheme of arrangement
The board had approved, on June 29, 2025, a scheme of arrangement with Reid and Taylor International Private Limited (RTIL) providing for the demerger of RTIL's textile undertaking into Digjam, with an appointed date of July 1, 2025. The scheme takes effect on receipt of the requisite approvals; pending that, no effect of the scheme has been considered in these results.
How to read this
- The change of registrar is an administrative step; it decides who handles share transfers, investor records and shareholder queries going forward.
- The headline picture is mixed: the company reported a profit for the quarter and half year, while the auditor has flagged uncertainty over the company's ability to continue as a going concern, linked to the excess of current liabilities over current assets and the shutdown of the sole plant.
- The company's own view, as recorded in the notes, is that asset realisation, cost cuts, restructuring and the proposed scheme will support viability; progress on these points is what the going-concern comment hinges on.
Rs. 1,971.80 lakhsLiabilities exceeding assets as at Sept 30
Total income, September quarter993.21 (Rs. in lakhs)
Total income, quarter759.50 (Rupees Lakhs)
Total comprehensive income for the September quarter₹136.13 lakhs
Total comprehensive income, quarter82.91 (Rupees Lakhs)
Also from Digjam
Board meeting on October 21, 2026 to consider Q2 and H1 unaudited results
16 Oct 2026
More numbers
- Current liabilities exceeding current assets as at Sept 30, 2026Rs. 1,971.80 lakhs
- Carrying value of non-current assets held for sale (Jamnagar)Rs. 5,318.53 lakhs
- Revenue from operations, September 2026 quarter992.66 (Rs. in lakhs)
- Total income, September 2026 quarter993.21 (Rs. in lakhs)
- Net Profit/(Loss) for the period, September 2026 quarter135.66 (Rs. in lakhs)
- Net Profit/(Loss) for the period, September 2025 quarter(174.29) (Rs. in lakhs)
- Net Profit/(Loss) for the period, half year ended Sept 30, 2026218.09 (Rs. in lakhs)
- Total income, latest quarter993.21 (Rupees Lakhs)
- Total income, year-ago quarter1,420.71 (Rupees Lakhs)
- Total income, previous quarter759.50 (Rupees Lakhs)
- Total comprehensive income, latest quarter136.13 (Rupees Lakhs)
- Total comprehensive income, year-ago quarter(174.12) (Rupees Lakhs)
- Total comprehensive income, previous quarter82.91 (Rupees Lakhs)
- Profit after tax, latest quarter135.66 (Rupees Lakhs)
- Profit after tax, year-ago quarter(174.29) (Rupees Lakhs)
- Profit after tax, previous quarter82.43 (Rupees Lakhs)
- Revenue from operations, latest quarter992.66 (Rupees Lakhs)
- Revenue from operations, year-ago quarter1,413.99 (Rupees Lakhs)
- Revenue from operations, previous quarter745.79 (Rupees Lakhs)
- Profit before tax, latest quarter139.58 (Rupees Lakhs)
- Profit before tax, year-ago quarter86.27 (Rupees Lakhs)
- Profit before tax, previous quarter87.43 (Rupees Lakhs)
Source: BSE · 21 Oct 2026
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