Jindal Photo Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
JINDALPHOT · price
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Jindal Photo Limited's board, on February 13, 2026, approved unaudited standalone and consolidated financial results for Q3 FY26 and the nine months ended December 31, 2025. Standalone, the company is essentially an investment entity with total income of just Rs. 65 lakh in Q3 and a loss of Rs. 0.92 per share. On a consolidated basis, Q3 swung to a loss of Rs. 11,694 lakh (EPS negative Rs. 114), dragged by an Rs. 11,601 lakh share of losses from its associate Jindal India Powertech Limited (JIPTL), compared to a profit in the previous quarter. A major one-time fair value gain of Rs. 91,287 lakh was recognized in Other Comprehensive Income following the demerger of JIPTL's power business into Jindal India Power Limited, with the company allotted 9.89 crore new equity shares. The statutory auditor (Suresh Kumar Mittal & Co) issued an unmodified limited review report but drew specific attention to non-provision of doubtful loans and amounts recoverable from its joint venture Mandakini Coal Company Limited (MCCL), where compensation claims remain disputed and the Nominated Authority has proposed reducing compensation.
Short-term: the Rs. 91,287 lakh fair value gain from the demerger of JIPTL's power business will significantly boost net worth and book value, which is positive for shareholders. Caution: the auditor's emphasis on non-provision of MCCL-related loans and recoverables, combined with the swing to consolidated losses, signals unresolved stress at the joint venture and associate level that investors should monitor.