JBF Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
JBF Industries has reported audited financial results for FY2026. The company, which is under Corporate Insolvency Resolution Process (CIRP) since January 2024, has ZERO revenue from operations as manufacturing has been completely discontinued. Total income is just Rs. 15 lakh (vs Rs. 8 lakh previous year). The net loss stands at Rs. 5.41 crore, but auditors qualify that if interest had been provided at documented rates (Rs. 2,01,433 lakh of interest not provided), the adjusted loss would be Rs. 458.24 crore. The company's balance sheet shows negative equity of Rs. 2,858 crore and total assets of only Rs. 49.92 crore against liabilities of Rs. 502.75 crore (adjusted). The auditors issued a QUALIFIED OPINION citing non-compliance with Ind-AS on borrowing costs. Multiple governance issues exist including vacant CEO, CFO, and Company Secretary positions, no Internal Auditor appointed, and inability to obtain Axis Bank statements.
The company is essentially a defunct shell with no operating business, massive negative net worth, and ongoing CIRP proceedings. Shareholders face near-total loss of investment as the company has ceased operations and depends entirely on resolution plan outcomes. The qualified opinion and going concern doubt make this an extremely high-risk investment.