Un-audited Financial Results for 30th September 2025.
Awaiting price reaction for this filing.
JBF Industries, which is under the Corporate Insolvency Resolution Process (CIRP), has reported essentially zero revenue from operations for Q2 FY26 (quarter ended 30 September 2025). Total income was just Rs. 1 lakh in the quarter and Rs. 9 lakh in the half year, while expenses of Rs. 170 lakh (Q2) and Rs. 222 lakh (H1) pushed the company to a net loss of Rs. 166 lakh in Q2 and Rs. 213 lakh in H1, with EPS of Rs. (0.20) and Rs. (0.26) respectively. The auditor issued a qualified opinion, flagging that the company has not provided for interest of Rs. 1,78,071 lakh on term loans and cash credit — had it done so, the H1 loss would have been Rs. 11,378 lakh instead of Rs. 1.66 lakh. The auditor also explicitly stated that 'the company ceases to continue as a going concern.' The balance sheet shows deeply negative other equity of Rs. (2,93,676) lakh against borrowings of Rs. 2,35,984 lakh, and the company has no CEO, CFO, Company Secretary, or Internal Auditor. CIRP was admitted by NCLT in January 2024 and resolution plans have been put to vote.
For shareholders, this filing confirms the stock is effectively a shell in insolvency — operations have stopped, the company is technically insolvent on the balance sheet, and equity value is close to nil. Any remaining value depends entirely on the outcome of the ongoing CIRP resolution plan vote.