JBF Industries Q1 FY27 Results: Going Concern Doubt, Auditor Qualifies Opinion

JBF Industries, under CIRP since January 2024, reported Q1 FY27 standalone loss of about Rs 44 lakhs on total income of about Rs 15 lakhs. Manufacturing operations remain discontinued. Auditor gave a qualified opinion, flagging non-provision of interest (about Rs 2.13 lakh crore cumulative not provided) and a Rs 12,848 lakh claim from JBF RAK creditor. Auditor also flagged going concern doubt, saying company ceases to continue as going concern. Other concerns include TMBL demand notice (Rs 32.94 crore), invoked corporate guarantee for JPL (USD 252 million), no consolidated results, and missing CEO, CFO, CS, and Internal Auditor. Exceptional items of Rs 113 lakhs recorded.