NSEOutcome of Board Meeting4d ago · 5 Nov 2026, 07:56 pm
Outcome of Board Meeting
Jaro Institute of Technology Management and Research Limited · JARO
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Jaro Institute of Technology Management and Research Limited has submitted its unaudited financial results for the quarter and half-year ended September 30, 2026, with revenue from operations at ₹8,774.12 lakhs and other income at ₹44.15 lakhs.
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Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Jaro Institute of Technology Management and Research Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
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JARO2024_05112026195506_Covering_Letter_Result_Q2.pdf
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Date: November 05, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services/ Exchange Plaza, C-1, Block G Bandra Kurla
Corporate Relation Department, Complex, Bandra (E), Mumbai – 400 051,
Phiroze Jeejeebhoy Towers, Dalal Maharashtra, India.
Street, Mumbai – 400 001, Maharashtra,
India.
Script Code: 544534 NSE Symbol: JARO
Dear Sir/Ma’am,
Subject: Outcome of Board Meeting held today, i.e. Thursday, November 05, 2026
Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), and any
other regulations, if applicable, we wish to inform you that the Board of Directors at their
meeting held on Thursday, November 05, 2026, inter alia, considered and approved the
following matters:
1. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and on the recommendation of the Audit Committee,
the Un-Audited Financial Results of the Company for the quarter and half-year ended
September 30, 2026 along with the Limited Review Report duly submitted by the
Statutory Auditor of the Company as approved by the Board of Directors are enclosed
herewith.
The meeting of the Board of Directors commenced at 06:00 P.M. and concluded at 07:00 P.M.
This is for your information and records.
Thank you
Yours sincerely,
For Jaro Institute of Technology Management and Research Limited
Sanjay Namdeo Salunkhe
Managing Director
DIN: 01900632
Place: Mumbai
602, Floor 6, Raheja Titanium
Western Express Highway, Geetanjali
Railway Colony, Ram Nagar, Goregaon (E)
Mumbai 400063, INDIA
Tel: +91 22 6974 0200
Independent Auditor’s Review Report on unaudited financial results of Jaro Institute of Technology Management &
Research Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended.
To The Board of Directors of Jaro Institute of Technology Management & Research Limited
1. We have reviewed the accompanying statement of unaudited financial results of Jaro Institute of Technology
Management & Research Limited (hereinafter referred to as ‘the Company’), for the quarter ended September 30,
2026 and the year to date results for the period from April 01, 2026 to September 30, 2026 (‘the Statement’), (in
which are included interim financial information of its Employee Welfare Trust) attached herewith, being submitted
by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘the Regulations’).
2. This Statement, which is the responsibility of the Company’s Management and has been approved by the Company’s
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in
Indian Accounting Standard 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Companies Act,
2013 (‘the Act’) read with relevant rules issued thereunder (‘Ind AS 34’) and other recognised accounting principles
generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion
on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410,
“Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute
of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily
of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A
review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified
under Section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become
aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to
believe that the accompanying Statement prepared in accordance with the recognition and measurement principles
laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed,
or that it contains any material misstatement.
For M S K A & Associates LLP
(Formerly known as M S K A & Associates)
Chartered Accountants
ICAI Firm Registration No.105047W / W101187
Viren Soni
Partner
Membership No.: 117694
UDIN: 26117694CUPGGU4054
Place: Mumbai
Date: November 5, 2026
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 6974 0200 | LLPIN: ACT-3789
Ah medabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Pune www.mska.in
Jaro Institute of Technology Management and Research Limited
Statement of unaudited financial results for the quarter and half year ended September 30, 2026
(INR in lakhs except Earnings per share data)
Quarter ended Quarter ended Half year ended Half year ended
Quarter ended Year ended
September 30, September 30, September 30, September 30,
Particulars June 30, 2026 March 31, 2026
2026 2025 2026 2025
(Unaudited) (Audited)
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
I INCOME
Revenue from operations 8,774.12 7,075.05 8,040.75 1 5,849.17 1 4,108.21 2 7,387.81
Other income 2 44.15 187.94 1 2.92 4 32.09 27.05 1 ,112.37
Total income (I) 9 ,018.27 7,262.99 8 ,053.67 16,281.26 14,135.26 28,500.18
II EXPENSES
Employee benefits expense 2,357.09 2,013.45 2,174.81 4 ,370.54 4 ,057.77 7 ,851.61
Finance costs 3 0.72 1 5.98 1 03.71 46.70 2 52.95 3 18.56
Depreciation and amortisation expense 2 49.68 208.99 2 45.36 4 58.67 4 80.27 9 77.34
Other expenses 3,816.78 3,545.34 3,212.13 7 ,362.12 6 ,001.00 1 2,327.42
Total expenses (II) 6,454.27 5,783.76 5,736.01 12,238.03 10,791.99 21,474.93
III Profit before tax (I-II) 2,564.00 1,479.23 2,317.66 4,043.23 3,343.27 7,025.25
IV Tax expense
Current tax 1,058.30 275.99 1 36.85 1 ,334.29 1 97.41 1 ,357.43
Adjustment of tax relating to earlier periods - - (0.60) - ( 1.00) ( 48.52)
Deferred tax expense/(credit) ( 348.44) 8 6.35 4 79.41 ( 262.09) 6 91.56 4 24.70
Total Tax expense (IV) 709.86 362.34 615.66 1,072.20 887.97 1,733.61
V Net Profit after tax for the period / year (III-IV) 1,854.14 1,116.89 1,702.00 2,971.03 2,455.30 5,291.64
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Re-measurement of the net defined benefit plan (9.90) (9.91) (7.90) (19.81) (15.80) ( 39.63)
Changes in fair value of equity instruments through OCI ( 183.50) - - ( 183.50) - -
Income tax effect on above 4 7.50 2 .49 2 .00 49.99 4 .00 9 .97
VI Other Comprehensive Income/(Loss) for the period / year (VI) ( 145.90) ( 7.42) ( 5.90) (153.32) (11.80) ( 29.66)
VIITotal Comprehensive Income for the period / year (V+VI) 1 ,708.24 1,109.47 1 ,696.10 2,817.71 2,443.50 5,261.98
Paid-up Equity share capital (Face Value of INR 10 per share) 2 ,187.77 2,187.07 2 ,215.62 2,187.77 2,215.62 2,177.90
Other Equity 33,864.81
Earnings per equity share(EPS):
Equity shares of face value INR 10 each
Basic (INR) 8 .48 5 .11 8 .33 13.59 12.02 24.97
Diluted (INR) 8 .43 5 .09 8 .26 13.53 11.90 24.78
(Not annualised except for the year ended March 31, 2026)
Jaro Institute of Technology Management and Research Limited
Statement of Assets and Liabilities as at September 30, 2026
(INR in lakhs)
Particulars As at As at
September 30, March 31, 2026
2026 (Audited)
(Unaudited)
ASSETS
Non-Current Assets
Property, Plant And Equipment 1 94.50 2 35.89
Right of Use Assets 7 52.00
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