Un-Audited Financial Results for quarter & Half year ended 30.09.2025
Awaiting price reaction for this filing.
JBF Industries, currently under the Corporate Insolvency Resolution Process (CIRP), reported standalone results for Q2 FY26 (quarter ended 30 Sept 2025). Revenue from operations was effectively nil, with total income of just Rs 4 lakhs versus Rs 9 lakhs in the same quarter last year. The company posted a net loss of Rs 166 lakhs for the quarter (vs Rs 76 lakhs loss in Q2 FY25) and Rs 213 lakhs loss for the half year. Other equity is deeply negative at Rs (2,93,676) lakhs, and current borrowings stand at Rs 2,35,984 lakhs. The statutory auditor (S.C. Ajmera & Co.) issued a qualified opinion, flagging that the company did not provide for interest of Rs 1,78,071 lakhs on term loans, cash credit and preference shares — had it done so, the quarterly loss would have been Rs 11,378 lakhs instead of the reported Rs 1.66 lakhs. The auditor also added an emphasis of matter stating the company has ceased to be a going concern. Additional concerns include a Rs 12,848 lakh claim against its UAE subsidiary JBF RAK, a Rs 32.94 crore SARFAESI demand from Tamilnad Mercantile Bank, an invoked corporate guarantee for JBF Petro Chemicals, and non-preparation of consolidated accounts. Key managerial positions (CEO, CFO, Company Secretary, Internal Auditor) remain vacant.
This is a deeply negative filing — the company is insolvent (negative equity of nearly Rs 2.86 lakh crore equivalent), not providing for its interest liabilities, has lost its going concern status, and is relying on the CIRP resolution process for survival. Shareholders face extreme risk; the stock is highly speculative and the eventual resolution plan outcome will determine any recovery value.