Jai Corp Limited has informed the Exchange regarding 'In the financial results submitted on 30th May 2025 one page of the Statement on Impact of Audit Qualification is not visible. Hence, the complete financial results for 31st March 2025 is again uploaded.'.
JAICORPLTD · price
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Jai Corp has re-uploaded its audited standalone and consolidated financial results for the year ended 31 March 2025 because one page of the 'Statement on Impact of Audit Qualification' was missing in the original filing submitted on 30 May 2025. On a standalone basis, revenue from operations rose about 11.8% to ₹51,195 Lakh (from ₹45,784 Lakh), and profit after tax grew about 33% to ₹7,171 Lakh (from ₹5,390 Lakh), with EPS at ₹4.07 vs ₹3.04. On a consolidated basis, revenue grew to ₹51,770 Lakh and PAT grew about 27% to ₹6,647 Lakh. The standalone audit report carries an unmodified (clean) opinion. The consolidated audit report carries a qualified opinion due to two issues: (1) financial data of one associate (Urban Infrastructure Holdings Pvt Ltd) was not available, and (2) ₹2,147 Lakh of overdue inter-corporate deposits given by a subsidiary, for which no impairment provision has been made and recovery is uncertain. An emphasis-of-matter note also flags ₹2,646 Lakh of land/development advances pending confirmation in a subsidiary. The Spinning Division is being phased out as a discontinued operation.
The re-submission is administrative and does not change reported numbers. The clean standalone result is a positive, but the qualified opinion on consolidated accounts—largely driven by the unrecovered ₹2,147 Lakh and pending associate data—may draw investor scrutiny. Underlying earnings growth (PAT up ~27–33%) remains the key positive for shareholders.