Jhandewalas Foods Limited has announced its unaudited financial results for the half-year ended September 30, 2026. The company reported a net loss of ₹493.02 lakh for the period. Revenue from operations stood at ₹5,053.51 lakh. The report also highlights several critical audit observations, including defaults in loan repayments and issues with property title deeds, which have led to a qualified conclusion from the auditors.
Jhandewalas Foods Unaudited Financial Results
Jhandewalas Foods Limited has disclosed its unaudited standalone financial results for the half-year ended September 30, 2026. The company reported a total income of ₹5,054.86 lakh for the period, with revenue from operations amounting to ₹5,053.51 lakh. However, the company incurred a significant net loss of ₹493.02 lakh for the half-year. Total expenses for the period amounted to ₹5,553.93 lakh.
Key Financial Highlights
The Balance Sheet as of September 30, 2026, shows total assets of ₹5,947.54 lakh and total equity and liabilities of the same amount. Equity share capital remained stable at ₹1,525.51 lakh. Current liabilities stood at ₹1,861.66 lakh. The Statement of Profit and Loss reveals a revenue of ₹5,053.51 lakh for the half-year ended September 30, 2026, a decrease from the previous year’s comparative period. The company’s finance costs were ₹215.98 lakh.
Significant Audit Observations
The Independent Auditors’ Limited Review Report has highlighted several critical matters. The company has defaulted in repayment of dues to its financial creditors, classifying these accounts as Non-Performing Assets (NPA). Settlement agreements are in place, but conditions for waiver of outstanding dues remain. Additionally, title deeds for immovable properties worth ₹5.76 crore are not in the company’s name. The unspent Corporate Social Responsibility (CSR) amount of ₹5,61,651 for the year ended March 31, 2026, has not been transferred as required. Furthermore, the Income Tax portal is inaccessible, limiting the verification of tax compliance.
Qualified Conclusion
Due to these matters, the auditors have issued a qualified conclusion. They state that while their review provides moderate assurance, they have not performed an audit and thus cannot express an audit opinion. The effects of the aforementioned issues on the financial statement, including finance costs, results, liabilities, and asset values, have not been quantified. The company’s fixed assets are reported at ₹8.81 crore, with significant portions of immovable assets lacking clear title in the company’s name.
Cash Flow and Other Notes
The cash flow statement indicates net cash from operating activities was ₹411.81 lakh for the half-year. Investing activities used ₹16.92 lakh, while financing activities used ₹376.06 lakh. The report also details various notes supporting the financial statements, including breakdowns of assets, liabilities, revenue, and expenses, with comparative figures for previous periods.
Source: BSE
