KORE
Jay Jalaram Technologies financials
- Market cap
- ₹200 Cr
- Sector
- Consumer Services
What Jay Jalaram Technologies Ltd does
Jay Jalaram Technologies Ltd. runs KORE Mobile, a large-format specialist retail chain selling multi-brand smartphones and accessories alongside consumer durable electronics such as smart TVs, air conditioners, refrigerators and coolers. Stores operate under the KORE and EROK brand names using three expansion formats: company-owned company-operated (COCO), franchisee-owned company-operated (FOCO), and franchisee-owned franchisee-operated (FOFO). The company also holds two subsidiaries, Hear More Techlife Private Limited and Techgrind Solutions Private Limited.
Segments
- Smartphones & accessories retail
- Consumer durable electronics retail
- Retail stores
- 180+ (as of 31 Mar 2025)
- Geographic footprint
- Gujarat, Uttar Pradesh, Delhi, Maharashtra, Haryana, Rajasthan, Diu (7 states/UTs)
- Store brands operated
- KORE, EROK
- Store expansion formats
- COCO, FOCO, FOFO
- Smartphone brands sold
- 12 (Apple, Samsung, Vivo, Oppo, OnePlus, Honor, Nokia, Mi, Realme, Techno, Google Pixel, Motorola)
- Consumer electronics brands sold
- 8 (LG, Voltas, TCL, IFB, Daikin, Panasonic, Kelvinator, Haier)
Quarterly results
Q4 FY26: revenue up 53.3%, net profit up 25.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 133 | 216 | 323 | 329 +184% | 339 +155% | 357 +65% | 495 +53% |
| EBITDA | 2 | 3 | 3 | 7 | 6 +200% | 7 +133% | 6 +100% | 9 +29% |
| Net profit | 1 | 2 | 1 | 4 | 3 +200% | 3 +50% | 4 +300% | 5 +25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +12.1% 1Y
1Y: ₹154.5 on 10 Sept 2025 → ₹173.2. High ₹202.2 (12 Nov 2025), low ₹85 (30 Mar 2026).
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹11 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹17 Cr | ₹59 Cr | ₹72 Cr |
| Borrowings | ₹46 Cr | ₹38 Cr | ₹41 Cr |
| Other liabilities | ₹72 Cr | ₹76 Cr | ₹78 Cr |
| Total liabilities | ₹147 Cr | ₹184 Cr | ₹203 Cr |
| Fixed assets | ₹8 Cr | ₹9 Cr | ₹19 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹110 Cr | ₹0 Cr |
| Other assets | ₹138 Cr | ₹66 Cr | ₹183 Cr |
| Total assets | ₹147 Cr | ₹184 Cr | ₹203 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +0.65 pp while FIIs trimmed −0.64 pp. The shareholder count grew 6% to 1,206.
- Promoters
- 69.2%
- FIIs
- 0.6%
- Public
- 30.2%
Since Mar 2025
- Promoters +0.65 pp
- FIIs −0.64 pp
- DIIs −0.42 pp
How it drifted, 10 quarters
Over this window promoters fell from 73.0% to 69.2% — −3.9 pp.
Ownership split by quarter, oldest first. Sep '22: Promoters 73.0%, DIIs 0.2%, Public 26.8%.Mar '23: Promoters 73.0%, Public 27.0%.Sep '23: Promoters 73.0%, Public 26.9%.Mar '24: Promoters 73.0%, Public 26.9%.Jun '24: Promoters 68.5%, FIIs 0.6%, DIIs 0.4%, Public 30.5%.Sep '24: Promoters 68.5%, FIIs 0.6%, DIIs 0.4%, Public 30.5%.Mar '25: Promoters 68.5%, FIIs 1.2%, DIIs 0.4%, Public 29.8%.Sep '25: Promoters 68.5%, FIIs 0.6%, Public 30.8%.Nov '25: Promoters 69.2%, FIIs 0.6%, Public 30.2%.Mar '26: Promoters 69.2%, FIIs 0.6%, Public 30.2%.
Who bought this quarter
since Nov 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bhatt Mukeshkumar N newly disclosed 8.21% held
- Thakkar Riya Kamlesh newly disclosed 0.00% held
- Kamlesh Varjivandas Thakkar HUF newly disclosed 0.00% held
- Kamlesh Hariram Lalwani HUF newly disclosed 0.00% held
- Pratham Bhagautee Technologies Private Limited newly disclosed 0.00% held
- Techgrind Solutions Private Limited newly disclosed 0.00% held
- Jay Jalaram Enterprise newly disclosed 0.00% held
- Lokwani Heer Dipak Kumar newly disclosed 0.00% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Jay Jalaram Technologies Ltd above SEBI's 1% disclosure line, and what changed since Nov 2025.
| Holder | Stake | Change |
|---|---|---|
| Lalwani Kamlesh | 26.43% | unchanged |
| Kamlesh V Thakkar | 26.34% | unchanged |
| Vipul Thakkar | 8.21% | unchanged |
| Bhatt Mukeshkumar N | 8.21% | newly disclosed |
| Mukesh Mittal | 2.12% | unchanged |
| Karmina Pravinbhai Bhayani | 1.24% | unchanged |
| Gothamchand A Huf | 1.11% | unchanged |
| Thakkar Riya Kamlesh | 0.00% | newly disclosed |
| Kamlesh Varjivandas Thakkar HUF | 0.00% | newly disclosed |
| Kamlesh Hariram Lalwani HUF | 0.00% | newly disclosed |
| Pratham Bhagautee Technologies Private Limited | 0.00% | newly disclosed |
| Techgrind Solutions Private Limited | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Jay Jalaram Technologies Ltd
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