Jindal Poly Investment and Finance Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Jindal Poly Investment and Finance Company reported standalone net profit of Rs 88,543 lakh for FY26, up sharply from Rs 5,564 lakh in FY25. On consolidated basis, net profit rose to Rs 85,751 lakh from Rs 30,506 lakh. The exceptional jump in profitability is largely due to fair value gains of Rs 99,160 lakh recognized during the year from shares allotted to the company following the demerger of its associate Jindal India Powertech Limited's power business into Jindal India Power Limited (sanctioned by NCLT in November 2025, effective December 2025). The company's standalone total income jumped to Rs 1,03,657 lakh from Rs 3,169 lakh, while investments on balance sheet more than doubled to Rs 1,78,115 lakh. The statutory auditor issued an unmodified (clean) opinion for both standalone and consolidated results, and M/s VASK & Associates was re-appointed as internal auditor for FY27.
The massive increase in profits is primarily a non-cash fair value gain from the demerger of the associate company and is not reflective of operational performance. Shareholders should note that the associate Jindal India Powertech Limited reported a consolidated loss of Rs 2,791 lakh, which reduced standalone profits when consolidating. The clean audit opinion is positive for governance.