JXG reports solid Rs. 3.4 b profit in 1H

JXG (Janashakthi Group) yesterday announced consolidated results for the first half of the financial year 2026 (1H FY26), ended 30 September, demonstrating solid momentum in profitability and strong growth across key financial and operational metrics.

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Group Chairman Chandan de Silva (left) and MD/Group CEO Ramesh Schaffter

JXG Managing Director/ Group CEO Ramesh Schaffter said, “We are pleased to see the positive trajectory continue into the first half of FY26, with performance surpassing the previous year.”

Net profit for 1H FY26 climbed to Rs. 3.4 billion, delivering a notable improvement from the same period last year. Revenue for the same period was Rs. 15.8 billion, up 43.6% year-on-year (YoY), supported by solid contributions from the Group’s key business verticals, particularly investment banking. Total assets amounted to at Rs. 193.5 billion, indicating a 19.9% YoY growth.

Revenue contributions from subsidiaries (YTD) were, First Capital Holdings PLC (FCH): Rs. 9.3 billion, Janashakthi Insurance PLC (JINS): Rs. 3.8 billion, and Janashakthi Finance PLC (JF): Rs. 2.8 billion.

For 1H FY26, First Capital Holdings PLC, the investment banking vertical of the Group, achieved a Net Profit After Tax (NPAT) of Rs. 3.4 billion, compared to Rs. 897 million in the corresponding period last year. The strong performance was driven by the Primary Dealing division and Corporate Dealing Securities division, which capitalised on market movements through proactive positions.