Jai Balaji Industries Limited announced its Unaudited Financial Results for the third quarter ending December 31, 2025. The company reported Profit/(Loss) before tax of ₹149.14 crore for the quarter, compared to ₹169.62 crore year-over-year. Additionally, the Board confirmed the termination of two key Joint Venture Agreements related to coal blocks, stating these changes will have no impact on the company’s financials.
Third Quarter Financial Performance Summary
The Board of Directors of Jai Balaji Industries Limited met on Thursday, February 12, 2026, and approved the standalone Unaudited Financial Results for the third quarter ended December 31, 2025. The statutory auditors issued an unmodified opinion on these results.
Key Financial Highlights (Standalone – ₹ In Cr.)
The performance metrics for the quarter ended 31.12.2025 (Unaudited) are contrasted with previous periods:
- Total Income from Operations: ₹1,336.34 crore for Q3 FY2026.
- Total Expenses: Amounted to ₹1,321.67 crore.
- Profit/(Loss) Before Tax: Stood at ₹14.67 crore for the quarter. (Note: For Nine Months Ended 31.12.2025, PBT was ₹149.14 crore).
- Net Profit After Tax: ₹11.55 crore for the quarter.
- Earnings Per Share (Basic): ₹0.13 for the quarter.
The total comprehensive income for the quarter was ₹11.55 crore.
Corporate Restructuring and JV Terminations
The Board also formalized the termination of previous Joint Venture Agreements:
- The Joint Venture Agreement dated March 5, 2008, concerning Rohne Coal Company Private Limited, was terminated with immediate effect. This action was prompted by the de-allocation of the Rohne Coking Coal Block.
- The Joint Venture Agreement dated January 21, 2009, related to Andal East Coal Company Private Limited, is no longer in force as the JV company is under liquidation.
The company explicitly stated that the termination of both JV agreements will have no impact on the financials of the Company.
Other Key Updates
The Board approved changing the location for the keeping and maintenance of books of account and other relevant papers to an address in Kolkata-700001, effective February 13, 2026, which is a place other than the Registered Office.
Auditor Review and Accounting Notes
The independent auditors, Das & Prasad, Chartered Accountants, provided an unmodified review conclusion. They highlighted that the company operates primarily in the manufacturing of steel products, resulting in only one reportable operating segment.
A crucial accounting note addresses the newly notified four Labour Codes by the Government of India. Since detailed rules and state-specific implementations are pending notification, the potential impact on employee-related costs, social security, and gratuity obligations has not yet been recognized in the current financial statements.
Furthermore, the financial results do not include consolidated figures for subsidiary (Kesarisuta Industries Uganda Limited, which ceased to be a subsidiary) and joint venture companies, as their financial statements were unavailable, though the company has fully provided for the diminution in investment value.
Source: BSE
