NEWJAISA - Newjaisa Tech

📊 NSE: NEWJAISA 🏢 Trading 📅 Last Updated: 12/14/2025 10:30

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations for H1 FY 2025-26 was INR 23.25 Cr, representing a 31.06% decline compared to INR 33.72 Cr in H1 FY 2024-25. This decline was primarily driven by the exit of Amazon (previously a 60% revenue driver) from the refurbished category.

Geographic Revenue Split

The company caters primarily to the Indian market, with its headquarters and operations based in Bengaluru, Karnataka. Specific regional percentage splits within India were not disclosed.

Profitability Margins

Net Profit Margin declined significantly from 10.47% (INR 3.53 Cr profit) in H1 FY 2024-25 to -21.06% (INR 4.90 Cr loss) in H1 FY 2025-26. This shift was due to the sharp drop in revenue following the Amazon channel closure while maintaining fixed operational costs.

EBITDA Margin

EBITDA margin for H1 FY 2025-26 was approximately -13.9% (EBITDA loss of INR 3.23 Cr), down from a positive EBITDA margin of 6.54% (INR 2.21 Cr) in H1 FY 2024-25.

Capital Expenditure

Depreciation and amortization expenses increased to INR 2.11 Cr in H1 FY 2025-26 from INR 0.85 Cr in H1 FY 2024-25, indicating prior investments in capacity or infrastructure. Planned future CAPEX was not disclosed.

Credit Rating & Borrowing

Finance costs rose 118% YoY to INR 56.82 Lakhs in H1 FY 2025-26 from INR 26.05 Lakhs in H1 FY 2024-25. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Used and old IT hardware, specifically Laptops and Desktops, which are refurbished for resale. Purchases of these traded goods accounted for 69.7% of total revenue in H1 FY 2025-26.

Capacity Expansion

The company previously operated at a monthly revenue run rate of INR 6 Cr, which dropped to INR 1.8 Cr in February 2025. As of H1 FY 2025-26, it has recovered 75% of that lost revenue, implying a current monthly run rate of approximately INR 4.5 Cr.

Raw Material Costs

Purchases of traded goods amounted to INR 16.21 Cr in H1 FY 2025-26, representing 69.7% of revenue, compared to INR 18.68 Cr (55.4% of revenue) in H1 FY 2024-25.

Manufacturing Efficiency

The company focuses on a product mix where laptops offer higher margins compared to desktops, which are considered low value-add products with lower margins.

📈 Strategic Growth

Expected Growth Rate

50%

Growth Strategy

Growth is being driven by a 50% month-on-month recovery trend since February 2025. The strategy involves rebuilding sales through the proprietary D2C channel (newjaisa.com), which has already helped recover 75% of lost revenue, and expanding into B2B and enterprise segments.

Products & Services

Refurbished Laptops and Refurbished Desktops.

Brand Portfolio

NewJaisa.

New Products/Services

Expansion into Enterprise and B2B channels for refurbished IT assets. Revenue contribution percentages for these new segments were not specifically broken down.

Market Expansion

Focusing on the Indian market through direct web sales and enterprise partnerships.

🌍 External Factors

Industry Trends

The refurbished PC market in India is shifting toward organized players with international quality certifications. The industry is evolving from marketplace-led demand to D2C and enterprise-led demand.

Competitive Landscape

The market is competitive with both organized and unorganized players; NewJaisa differentiates through its full-stack refurbishing model and R2 certification.

Competitive Moat

The company holds an international R2 certificate, an accreditation held by only 5 companies in India, providing a durable quality and process moat in the refurbishing industry.

Consumer Behavior

Increasing consumer trust in refurbished electronics, supported by international quality standards and direct brand warranties.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by e-waste management rules and international refurbishing standards (R2).

Environmental Compliance

The company complies with international electronics refurbishing standards through its R2 certification. Specific ESG compliance costs were not disclosed.

Taxation Policy Impact

The company recorded a deferred tax credit of INR 1.01 Cr in H1 FY 2025-26 due to operational losses. The effective tax rate for the previous audited year was not specified.