Jindal Poly Films Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
JINDALPOLY · price
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Jindal Poly Films' board met on August 14, 2025 and approved the unaudited financial results for Q1FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations grew about 26% YoY to Rs. 16,980.63 lakhs, but net profit fell sharply to Rs. 9,260.08 lakhs (from Rs. 19,698.70 lakhs) due to a Rs. 2,684.83 lakhs foreign exchange loss. On a consolidated basis, revenue declined roughly 12% YoY to Rs. 1,08,340.69 lakhs and net profit dropped to Rs. 3,650.61 lakhs (from Rs. 16,808.69 lakhs), hurt by forex loss of Rs. 4,847.26 lakhs, a Rs. 18,589.74 lakhs fair-value loss on CCPS, and a Rs. 8,177.08 lakhs inventory devaluation exceptional item in a subsidiary. The statutory auditor (Singhi & Co.) was unable to conclude on the consolidated results because a fire at a subsidiary's Nashik plant on May 21, 2025 damaged property, plant, equipment and inventories, and the loss assessment is still incomplete. The company also acquired a 48.84% stake in Enerlite Solar Films India, making it a subsidiary, and appointed DMK Associates as Secretarial Auditor (5 years) while re-appointing Gaurav Jain as Internal Auditor for FY26.
Mixed-to-negative for shareholders: operating performance (especially on a consolidated basis) weakened sharply YoY with the fire incident creating uncertainty over subsidiary losses and prompting a limited auditor conclusion, which is a red flag. Standalone revenue growth is a positive, but the large forex hits, exceptional items and the unresolved Nashik fire may weigh on near-term stock sentiment.