Jhaveri Credits & Capital Ltd shares fall 4.64% as company receives LOI from Gujarat Energy Development Agency
Why did Jhaveri Credits & Capital Ltd shares fall today?
Shares of Jhaveri Credits & Capital Ltd were trading lower on Wednesday, with the stock falling 4.64% to ₹172.6 as of 03:01 PM. Despite the company sharing a positive development through a regulatory filing, investors appear to have reacted cautiously, leading to selling pressure in the stock during today's trading session. The decline in share price comes even as the company announced securing a new business opportunity in the renewable energy segment.
As per the disclosure made to the BSE on October 21, 2026, Jhaveri Credits & Capital Ltd has received a Letter of Intent (LOI) from the Gujarat Energy Development Agency (GEDA). The project involves the supply, installation, commissioning, and a 10-year Comprehensive Maintenance Contract (CMC) of solar rooftop systems for government buildings across Gujarat during the financial year 2026-27. The systems will have a capacity range of 1 to 6 kW. The company informed the exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
However, it is important to note that the Letter of Intent is subject to the company submitting a security deposit as per the terms and conditions of the tender. This means the order is not yet final and the formal contract will be confirmed only after fulfilling the stated conditions. While the project represents a step forward for Jhaveri Credits & Capital in the solar energy space, investors may have chosen to book profits or remain cautious given the preliminary nature of the LOI and the relatively small capacity range involved in the project.
What does Jhaveri Credits & Capital Ltd do?
Jhaveri Credits and Capital Limited is a company listed on BSE Limited with the scrip code 531550. The company operates in the solar energy space and has secured a Letter of Intent from the Gujarat Energy Development Agency (GEDA) for the supply, installation, commissioning and a ten-year comprehensive maintenance contract (CMC) of solar rooftop systems on government buildings in Gujarat. The project covers solar rooftop systems with a capacity range of 01 to 06 kW during the year 2026-27.
The company provides end-to-end solar rooftop solutions, encompassing supply, installation, commissioning and long-term maintenance of solar rooftop systems for government buildings. Gaurav Shrimankar serves as the Company Secretary and Compliance Officer, handling the company's regulatory and compliance obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company adheres to SEBI disclosure requirements and timely intimates stock exchanges about material developments such as receipt of letters of intent for significant projects.
Jhaveri Credits & Capital Ltd Financials
In CroresJhaveri Credits & Capital Ltd reported revenue of ₹47.8 Crores for the quarter ending March 2026, which declined sharply to ₹17.06 Crores in the quarter ending June 2026, representing a significant drop of approximately 64%. On the profitability front, the company posted a net profit of ₹2.88 Crores in March 2026 but swung to a net loss of ₹1.48 Crores in June 2026, marking a deterioration in bottom-line performance. Both top-line and bottom-line figures indicate a clear downward trend on a sequential basis, with revenue contracting substantially and the company moving from profitability into loss-making territory over the two quarters observed. These figures suggest weakening operational performance between the two consecutive quarters.
Jhaveri Credits & Capital Ltd Shareholding Pattern
Promoter holding stands at 64.57% of the total share capital. Foreign Institutional Investors (FIIs) hold 3.54% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 31.9% stake in Jhaveri Credits & Capital Ltd.
Jhaveri Credits & Capital Ltd FAQs
Q: Why did Jhaveri shares fall 4.64% today?
The Company has received Letter of Intent from Gujrat Energy Development Agency. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Jhaveri Credits & Capital Ltd?
As per the latest data, promoters hold 64.57% stake in Jhaveri Credits & Capital Ltd, while FII holding stands at 3.54%. Domestic institutional investors hold 0.0%, and public shareholders account for 31.9% of the equity.
Q: What is the current stock price of Jhaveri Credits & Capital Ltd?
Jhaveri Credits & Capital Ltd shares are currently trading at ₹172.6, recording a decline of 4.64% from the previous close.
Q: What is the market capitalization of Jhaveri Credits & Capital Ltd?
The company currently has a market capitalization of ₹191.62 crore, reflecting its valuation in the Indian equity market.