Jindal Photo Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JINDALPHOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Photo Limited reported standalone profit after tax of Rs. 383 Lakhs for FY26, turning around from a loss of Rs. 274 Lakhs in FY25. Standalone revenue from operations jumped to Rs. 1,258 Lakhs from Rs. 246 Lakhs, largely due to dividend income of Rs. 1,046 Lakhs. However, consolidated PAT showed a loss of Rs. 2,279 Lakhs due to share of losses from Joint Venture and Associate companies (MCCL and Jindal India Powertech). A massive Other Comprehensive Income of Rs. 81,469 Lakhs on standalone was driven by fair valuation gains of Rs. 95,066 Lakhs from shares received in Jindal India Power Limited following a demerger scheme. The auditor issued an unmodified (clean) opinion but drew an Emphasis of Matter on non-provisioning of Rs. 537 Lakhs doubtful loan and Rs. 5,132 Lakhs recoverable from distressed joint venture MCCL.
Standalone profitability improved but investors should watch the consolidated loss position and significant exposure to the financially troubled MCCL joint venture through unprovided loans and receivables. The large OCI from fair valuation gains is non-cash and may not be sustainable.