Board takes on record unaudited Q2 and half-year results; auditor's review conclusion unmodified
Board meeting outcome: the Board took on record the unaudited Ind-AS results for Q2 and the half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,032.86 | 1,028.87 | +0.4% | 1,294.94 | −20.2% |
| Total income | 1,074.95 | 1,038.55 | +3.5% | 1,333.03 | −19.4% |
| Profit before tax | 128.79 | 53.88 | +139% | 92.44 | +39.3% |
| Profit after tax | 104.47 | 53.88 | +93.9% | 92.44 | +13% |
| Total comprehensive income | 104.47 | 53.88 | +93.9% | 92.44 | +13% |
| Basic EPS | 0.86 | 0.44 | +95.5% | 0.76 | +13.2% |
- Total income YoY change
- +3.5%
- Period
- Quarter Ended 30-Sep-26
Also decided at the meeting
- Approved grant of 1,42,066 stock options (covering 1,42,066 equity shares) to eligible employees under Zodiac JRD MKJ Employee Stock Option Plan 2026 at exercise price ₹ 10 (Face Value).
- ESOP options vest in a graded manner over 3 years; exercisable any time after vesting but before 5 years from the date of grant.
Auditor's review
Conclusion: Unmodified
Board outcome
The Board of Directors took on record the unaudited Ind-AS financial results of the company for the second quarter and half year ended 30 September 2026. The statement includes the parent company, Zodiac JRD- MKJ Limited, and its subsidiary, VEM Plastic Moulding Private Limited.
Auditor's review conclusion
- The chartered accountant's review statement says that nothing has come to their attention that causes them to believe the accompanying statement contains any material misstatement.
- The report states that it is not modified in respect of the matters covered, so the conclusion is unmodified rather than qualified.
- The review was carried out in line with the SEBI circular under Regulation 33(8) of the LODR Regulations, 2015.
Balance sheet snapshot (standalone, Rs. in lakhs, as at 30-Sep-26 vs 31-Mar-26)
- Total Assets: 10,273.01 vs 9,633.34
- Inventories: 4,845.52 vs 4,327.71
- Trade Receivables: 2,700.42 vs 2,540.32
- Cash and Cash Equivalents: 6.31 vs 3.03
- Total Equity: 9,506.51 vs 9,399.27
- Total Current Liabilities: 746.93 vs 212.02
- Borrowings within current financial liabilities: nil vs 0.40
Cash flow (standalone, half year ended 30-Sep-26 vs 30-Sep-25)
- Net cash generated/(used in) from operating activities: (52.47) vs (2,555.30)
- Net cash generated from investing activities: 75.29 vs 2,298.14
- Net cash generated in financing activities: (19.54) vs 256.66
- Cash and cash equivalents at end of year: 6.31 vs 5.05
Subsidiary performance
VEM Plastic Moulding Private Limited reported total revenue of Rs.359.76 lacs for the quarter and Rs.1041.87 Lakhs for the half year ended 30 September 2026, with net profit after tax of Rs. 38.27 Lakhs and Rs.89.63 respectively.
How a retail investor can read this
- The auditor's conclusion is the main takeaway: the numbers were reviewed and the report carries no modification.
- Inventories and trade receivables together form the bulk of total assets, so how quickly they convert into cash is the key operating question to track.
- Operating cash flow was negative for the half year, though much smaller than the negative figure in the same half of the previous year.
Also from Zodiac-JRD-MKJ
BSE in-principle approval received for proposed rights issue; Board to meet on November 4
3 Nov 2026
Board meeting on 03 November 2026 to approve Q2 and half-year un-audited results
26 Oct 2026
AGM approves authorised capital hike to Rs. 27 crore, ESOP 2026 and auditor re-appointment
24 Sep 2026
More numbers
- Total Assets (standalone, as at 30-Sep-26)10,273.01
- Total Equity (standalone, as at 30-Sep-26)9,506.51
- Inventories (standalone, as at 30-Sep-26)4,845.52
- Trade Receivables (standalone, as at 30-Sep-26)2,700.42
- Net cash generated/(used in) from operating activities (half year)(52.47)
- Cash and Cash Equivalents at end of year6.31
- Subsidiary total revenue (half year ended 30-Sep-26)Rs.1041.87 Lakhs
- Subsidiary net profit after tax (half year ended 30-Sep-26)Rs.89.63
- Total income, latest quarter1,074.95 (Rupees in lakhs)
- Total income, year-ago quarter1,038.55 (Rupees in lakhs)
- Total income, previous quarter1,333.03 (Rupees in lakhs)
- Total comprehensive income, latest quarter104.47 (Rupees in lakhs)
- Total comprehensive income, year-ago quarter53.88 (Rupees in lakhs)
- Total comprehensive income, previous quarter92.44 (Rupees in lakhs)
- Profit after tax, latest quarter104.47 (Rupees in lakhs)
- Profit after tax, year-ago quarter53.88 (Rupees in lakhs)
- Profit after tax, previous quarter92.44 (Rupees in lakhs)
- Revenue from operations, latest quarter1,032.86 (Rupees in lakhs)
- Revenue from operations, year-ago quarter1,028.87 (Rupees in lakhs)
- Revenue from operations, previous quarter1,294.94 (Rupees in lakhs)
- Profit before tax, latest quarter128.79 (Rupees in lakhs)
- Profit before tax, year-ago quarter53.88 (Rupees in lakhs)
- Profit before tax, previous quarter92.44 (Rupees in lakhs)
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