Declaration of Un-audited Standalone & Consolidated Financial Results of the Company for the Quarter ended 30th June, 2025
Awaiting price reaction for this filing.
Jaiprakash Associates, currently under Corporate Insolvency Resolution Process (CIRP) since June 2024, reported its Q1 FY26 results. On a standalone basis, revenue from operations fell sharply to Rs 667.8 crore from Rs 1,043.6 crore in Q1 FY25, a drop of about 36%. The company posted a net loss of Rs 203.4 crore versus a loss of Rs 1,080.3 crore a year ago (which had included large exceptional items). No exceptional items were booked this quarter. On a consolidated basis, revenue fell to Rs 672.4 crore from Rs 1,821.1 crore, partly because the company stopped consolidating its subsidiary JCCL, which itself entered CIRP. An exceptional gain of Rs 460.1 crore helped flip consolidated results to a net profit of Rs 240.3 crore. Standalone net worth is deeply negative at Rs (7,107) crore. The Resolution Professional noted that 5 resolution plans have been submitted and are under evaluation.
For shareholders, the standalone business continues to bleed cash with widening losses and negative net worth, while the company remains in active insolvency. The quarterly results offer limited comfort since consolidated profit relies on a one-time exceptional reversal, not operations. Stock remains highly speculative until a resolution plan is approved and implemented.