Jai Balaji Industries Limited announced its unaudited financial results for the quarter ending December 31, 2025. Profit After Tax (PAT) stood at ₹11.55 crore for the quarter, compared to ₹120.42 crore year-on-year. The company also confirmed the termination of two major Joint Venture agreements concerning coal blocks, as the original purpose for forming these JVs is no longer valid. The Board also approved the relocation of its books of account maintenance to a new Kolkata address.
Third Quarter Financial Performance (Q3 FY2025-26)
Jai Balaji Industries Limited disclosed its unaudited financial performance for the quarter ended December 31, 2025. Total Income from Operations reached ₹1,336.34 crore for the quarter, while Total Expenses were ₹1,321.67 crore.
Key profitability metrics for the quarter ended 31.12.2025 (Unaudited) include:
- Profit/(Loss) before tax: ₹14.67 crore.
- Net Profit/(Loss) after tax: ₹11.55 crore.
- Basic Earnings Per Share (EPS) (not annualised): ₹0.13.
For the nine months ended December 31, 2025, the Net Profit After Tax was ₹108.58 crore, with Basic EPS at ₹1.19.
Key Board Decisions and Corporate Actions
The Board of Directors met on Thursday, February 12, 2026, and approved several significant items:
Firstly, the Board approved the keeping and maintenance of its books of account and other relevant papers at a location other than the Registered Office, effective from February 13, 2026.
Termination of Joint Venture Agreements
The company formally approved the termination of two significant Joint Venture Agreements:
- The JV Agreement dated March 5, 2008, concerning Rohne Coal Company Private Limited. This termination is effective immediately because the purpose—related to the Rohne Coking Coal Block—no longer subsists due to the de-allocation of the block. The company stated this termination will not have any impact on the financials.
- The JV Agreement dated January 21, 2009, regarding Andal East Coal Company Private Limited (JV Company). This JV is no longer in force because the JV company is under liquidation.
Auditor’s Review and Notes
The statutory auditors, M/s. Das & Prasad, Chartered Accountants, issued an unmodified opinion on the standalone unaudited financial results.
Management highlighted that they are currently evaluating the potential impact of the four new Government of India Labour Codes (Wages, Industrial Relations, OSHWC, and Social Security Codes). As detailed rules are yet to be notified, implications on employee-related costs, social security, and gratuity have not yet been recognized in the financial statements for the period ending December 31, 2025.
Furthermore, the financial statements do not include consolidated results because the financial statements of the joint venture companies formed for Coal Blocks were not available, although the company has fully provided for the diminution in the value of such investments (as detailed in Note No. 2).
Source: BSE
