Audited Financial Results for 31st March, 2026
Awaiting price reaction for this filing.
JBF Industries Ltd, under Corporate Insolvency Resolution Process since January 2024, has reported a net loss of Rs. 541 lakhs for FY2026. The company has zero revenue from operations with only Rs. 15 lakhs in other income. Manufacturing operations remain discontinued. The auditors issued a Qualified Opinion due to interest not being provided at documented rates, resulting in finance costs being understated by Rs. 45,283 lakhs for the year. The aggregate interest not provided amounts to Rs. 2,01,433 lakhs. The company explicitly states it ceases to continue as a going concern. Negative equity stands at Rs. 2,85,816 lakhs, with total liabilities of Rs. 4,992 lakhs against assets of only Rs. 4,992 lakhs. Adjusted net loss after accounting for the interest qualification is Rs. 4,582.4 lakhs.
This is an extremely distressed company with a Qualified Opinion, negative equity of Rs. 2,858 crore, and explicit going concern doubts. The stock is highly speculative with minimal operational activity. Shareholders face potential total loss given the negative net worth and ongoing CIRP proceedings.