JS Investments Limited reported a profit after taxation of Rs63.87 million for the quarter ended March 31, 2026, compared with Rs103.16 million in the same quarter last year, according to its financial results.
The company’s earnings declined by around 38% year-on-year, while earnings per share (EPS) fell to Rs1.03 from Rs1.67 in the corresponding period of 2025.
Despite the decline in bottom-line profit, JS Investments recorded a significant improvement in operating performance. Operating profit rose to Rs215.25 million, compared with Rs72.80 million a year earlier.
The company also benefited from lower financial charges, which dropped to Rs9.65 million during the quarter from Rs37.25 million in the same period last year. After accounting for financial charges, profit stood at Rs205.59 million, compared with Rs35.55 million in the previous-year quarter.
However, the improvement in operating profit was offset by a sharp deterioration in the company’s share of profit or loss from an associate. JS Investments recorded a loss of Rs124.77 million from its associate during the quarter, compared with a profit of Rs91.57 million in the same period of 2025.
The company reported profit before tax of Rs56.82 million, down from Rs120.70 million a year earlier. Taxation during the quarter amounted to Rs7.05 million, compared with a tax credit of Rs17.55 million in the corresponding period last year.
The company’s total assets stood at approximately Rs3.39 billion as of March 31, 2026, compared with Rs3.36 billion at the end of 2025. Total equity and reserves increased to Rs2.66 billion from Rs2.59 billion.
Cash flow figures showed that the company used Rs27.84 million in net cash from operating activities during the quarter. Investing activities generated net cash of Rs34.40 million, while financing activities used Rs8.36 million. Cash and cash equivalents stood at Rs10.90 million at the end of March 2026.
The board did not recommend any cash dividend, bonus shares or right shares for the quarter. The company also reported no other entitlement or price-sensitive information in its results announcement.
Overall, JS Investments’ first-quarter results present a mixed picture: stronger operating profitability and substantially lower financial costs were unable to fully offset the impact of the loss from its associate and higher taxation, resulting in a lower quarterly profit compared with the previous year.
