Outcome of the Board Meeting for the quarter and financial year ended March 31, 2026
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The Board approved audited standalone and consolidated financial results for FY2026. Standalone net profit surged to ₹88,543 lakh from ₹5,564 lakh in FY2025, while consolidated net profit (after associate losses) stood at ₹85,751 lakh versus ₹30,506 lakh. The massive profit increase is primarily due to an exceptional fair value gain of ₹99,160 lakh recognized from shares allotted to the company pursuant to the demerger of Jindal India Powertech Limited's power business into Jindal India Power Limited. Statutory auditors Suresh Kumar Mittal & Co. issued an unmodified (clean) opinion. The company also re-appointed VASK & Associates as internal auditors for FY2026-27.
The stock may see positive reaction due to exceptional profit growth, but investors should note that most of the gain is a one-time fair valuation windfall from the demerger, not operational performance. The underlying core investment business remains small.