JTL Defence quarterly results and financials

JTL Defence (BSE 537254)₹504.35+1.62%(9 Nov 2026 close)Aluminium, Copper & Zinc Products

Key facts

In the Sep 2026 quarter (consolidated), JTL Defence reported sales of ₹19.62 Cr, up 449.6% from Sep 2025, and net profit of −₹2.62 Cr, down 266.9% year on year. For the year to Mar 2026, sales were ₹19.21 Cr and net profit ₹0.28 Cr.

Sales (Sep 2026): ₹19.62 Cr
Net profit (Sep 2026): −₹2.62 Cr
Sales (FY Mar 2026): ₹19.21 Cr
Net profit (FY Mar 2026): ₹0.28 Cr
EPS (Sep 2026): ₹−2.51
Borrowings (Mar 2026): ₹59.86 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

JTL Defence quarterly results

₹ crore unless stated; each column is a quarter.

JTL Defence Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	0.48	0.23	0.12	0.22	0.46	0.14	0.00	3.57	0.46	15.17	21.16	19.62
Expenses	1.34	0.67	0.39	0.42	0.54	0.85	1.81	2.48	−0.74	11.59	18.86	17.50
Operating Profit	−0.85	−0.41	−0.26	−0.17	−0.05	−0.70	−1.79	1.10	1.19	3.70	2.45	2.27
OPM %	−171.4%	−175.0%	−192.3%	−78.3%	−12.8%	−460.1%	—	31.0%	255.3%	24.2%	11.6%	11.4%
Other Income	0.41	0.16	0.03	0.15	0.00	0.00	0.00	1.66	0.05	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.98	0.90	0.79
Depreciation	2.10	2.09	1.36	1.36	1.36	1.36	1.16	1.20	1.18	1.31	3.99	4.04
Profit before tax	−2.52	−2.34	−1.57	−1.38	−1.42	−2.04	−2.95	1.60	0.00	1.41	−2.44	−2.58
Tax %	−5.6%	−6.0%	1.3%	1.5%	1.4%	1.0%	1.0%	1.9%	—	−20.8%	10.3%	1.9%
Net Profit	−2.38	−2.20	−1.57	−1.38	−1.42	−2.06	−2.98	1.57	−0.04	1.71	−2.68	−2.62
EPS (Rs)	−1.52	−1.41	−1.02	−0.90	−0.92	−1.32	−1.90	1.01	−0.04	1.63	−2.55	−2.51

JTL Defence profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

JTL Defence Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,266	1,730	2,025	1,989	455	70.49	59.48	22.92	2.29	0.97	19.21	56.41
Expenses	1,246	1,687	1,982	1,930	577	215	120	30.07	4.58	2.15	15.12	47.21
Operating Profit	28.73	53.59	57.76	76.06	−118	−143	−60.27	−6.92	−2.25	−1.17	4.23	9.61
OPM %	2.3%	3.1%	2.9%	3.8%	−25.8%	−202.3%	−101.0%	−30.1%	−98.3%	−118.4%	21.9%	17.0%
Other Income	0.88	1.34	6.67	5.58	−19.86	−2.66	0.22	0.10	0.81	0.19	1.72	0.05
Interest	12.16	13.22	19.07	23.98	15.87	0.19	0.59	1.63	0.00	0.00	1.07	2.75
Depreciation	0.79	2.42	5.01	12.05	13.41	12.63	11.32	5.79	8.38	5.43	4.82	10.52
Profit before tax	16.65	39.38	40.44	45.68	−167	−159	−72.01	−14.24	−9.81	−6.38	0.07	−3.61
Tax %	10.3%	8.8%	18.7%	19.6%	−0.5%	−1.1%	−0.3%	20.7%	−6.0%	1.1%	−366.7%	—
Exceptional items	0.00	−1.01	0.00	0.00	−37.10	−3.01	0.00	0.00	0.00	0.00	0.00	—
Net Profit	14.94	35.83	32.82	36.66	−166	−157	−71.71	−17.21	−9.23	−6.45	0.28	−3.63
EPS (Rs)	13.74	26.77	24.51	27.38	−106.47	−100.54	−45.85	−11.01	−5.90	−4.13	0.27	−3.47
Dividend payout %	0.0%	0.0%	4.1%	1.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

JTL Defence balance sheet

₹ crore, at each year end.

JTL Defence Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10.89	10.89	13.43	13.44	13.44	15.68	15.68	15.68	15.66	15.68	15.67	10.53
Reserves	37.25	51.64	134	216	255	92.90	−65.74	−137	−154	−164	−170	186
Borrowings	51.16	102	151	121	148	238	233	234	236	236	236	59.86
Other Liabilities	174	214	210	144	178	95.72	12.50	6.46	11.81	17.95	9.92	74.80
Total Liabilities	273	379	508	495	594	443	196	119	109	106	91.49	331
Fixed Assets	2.63	4.26	23.92	57.02	97.12	90.28	71.36	61.82	56.01	47.64	42.17	237
CWIP	0.39	0.51	16.03	9.81	10.40	9.45	8.39	6.25	6.25	6.25	6.25	4.38
Investments	0.00	36.41	0.04	0.44	2.61	11.84	11.85	11.85	12.46	12.45	12.46	12.46
Other Assets	270	338	468	427	484	331	104	38.70	34.31	39.52	30.61	77.46
Inventories	60.93	74.18	72.24	100	118	49.45	32.07	7.94	0.75	0.42	0.42	33.66
Trade receivables	165	225	262	255	266	240	47.20	10.78	11.81	11.57	11.16	20.22
Cash & equivalents	6.16	7.56	52.55	17.17	13.41	2.55	2.57	2.15	4.24	9.89	1.23	1.47
Total Assets	273	379	508	495	594	443	196	119	109	106	91.49	331

JTL Defence cash flow

₹ crore, for each year.

JTL Defence Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−31.37	0.79	14.09	−4.32	45.11	25.51	1.05	−1.15	1.20	4.80	−8.38	−15.44
Cash from investing activity	17.38	−38.11	−56.08	6.36	−49.10	8.34	3.39	0.57	−0.06	0.81	0.19	−7.85
Cash from financing activity	16.98	38.71	40.35	0.14	3.31	−34.20	−4.93	0.16	0.66	0.00	0.00	23.38
Net cash flow	2.92	1.39	−1.65	2.18	−0.64	−0.26	−0.49	−0.43	1.82	5.62	−8.21	0.06
Capex	2.52	2.54	37.63	33.37	51.49	5.51	0.00	0.00	0.00	0.00	0.00	7.90
Free cash flow	−34.00	−1.73	−23.39	−37.62	−6.07	20.12	4.97	−0.74	1.22	4.82	−8.41	−23.39
CFO / OP %	−202.1%	9.0%	30.0%	−2.0%	59.9%	−22.0%	−1.0%	2.0%	−17.0%	−213.0%	724.0%	−367.1%

JTL Defence ratios

Working-capital days and returns, by year.

JTL Defence Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	62	65	55	46	49	192	244	66	188	1,842	4,168	384
Inventory days	24	22	30	35	47	111	150	40	13	194	1,663	1,633
Days payable	44	43	61	43	58	151	42	17	65	1,852	16,343	1,213
Cash conversion cycle	40	43	23	37	37	151	352	88	134	183	−10,513	803
Working capital days	27	25	17	27	32	−6	−694	−1,167	−3,177	−32,925	−74,414	878
ROCE %	17.8%	21.8%	23.2%	18.3%	18.1%	−30.0%	−58.6%	−48.4%	−12.1%	−10.6%	−7.5%	0.7%

JTL Defence: frequently asked questions

What are the latest quarterly results of JTL Defence?

For the Sep 2026 quarter, JTL Defence reported sales of ₹19.62 Cr, up 449.6% year on year and net profit of −₹2.62 Cr, down 266.9% year on year. The operating margin was 11.4%.

What is the annual revenue of JTL Defence?

JTL Defence's sales for the year to Mar 2026 were ₹19.21 Cr; over the last twelve months they were ₹56.41 Cr.

What is the net profit of JTL Defence?

Net profit for the year to Mar 2026 was ₹0.28 Cr, and −₹3.63 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−3.47.

How much debt does JTL Defence have?

JTL Defence reported borrowings of ₹59.86 Cr at Mar 2026, against cash and equivalents of ₹1.47 Cr.

What is the free cash flow of JTL Defence?

Cash from operations was −₹15.44 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹23.39 Cr.

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