Un-Audited financial Results for 31-12-2025
Awaiting price reaction for this filing.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP) since January 2024, reported a standalone net loss of Rs. 160 lakhs for Q3 FY26, wider than the Rs. 134 lakh loss in Q3 FY25 but narrower than the Rs. 540 lakh loss in the first nine months of FY25 (9M FY26 loss: Rs. 279 lakhs). EPS stood at Rs. (0.20). The company has provided Nil interest on borrowings of Rs. 2,47,379 lakhs during CIRP, leading to a qualified auditor opinion. All manufacturing operations remain discontinued, and the auditor flagged a clear going concern doubt, stating the company 'ceases to continue as a going concern.' Multiple legal claims are pending — a Rs. 32.94 crore notice from Tamilnad Mercantile Bank, IDBI Bank's invocation of a Rs. 1,99,155 lakh corporate guarantee, and an Rs. 12,848 lakh claim from an operational creditor of UAE subsidiary JBF RAK LLC.
Shareholders face an extremely distressed situation: operations are shut, CIRP resolution is ongoing, the auditor's review is qualified with a going concern qualification, and several large contingent liabilities could materially erode equity value post-resolution. The stock remains high-risk with no clarity on a viable revival plan.