Un-audited Financial Results for quarter ended 31st December, 2025
Awaiting price reaction for this filing.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP) since January 2024 and managed by a Resolution Professional, reported a standalone loss of Rs. 160 lakhs for Q3 FY26 (vs Rs. 166 lakhs loss in Q2 FY26). All manufacturing operations remain discontinued and a new resolution plan is awaiting NCLT approval. The auditor issued a qualified opinion, flagging that interest on borrowings of Rs. 2,47,379 lakhs was provided at Nil% instead of the documented rate, understating the finance cost by Rs. 11,605 lakhs for the quarter. The auditor also flagged a going concern doubt, noting the company 'ceases to continue as a going concern.' Additional concerns include unresolved claims from Tamilnad Mercantile Bank (Rs. 32.94 Cr), JBF RAK LLC (Rs. 12,848 lakhs), and an invoked corporate guarantee of USD 262 Million for subsidiary JPL. No CEO, CFO, Company Secretary, or Internal Auditor are in place.
Extremely negative for shareholders — the company is under insolvency, operations are shut, losses continue, going concern is doubted, and significant unresolved liabilities exist. Stock remains highly risky with potential near-zero recovery for equity holders depending on the resolution plan outcome.