Summary of Key Information:

Reporting Period: Quarter ended 30th June 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results

Audit Opinion:

Modified (qualified) opinion on both standalone and consolidated financial results

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Revenue from Operations: 19,071.28 (Q1 FY26: 16,980.63, +12.3% YoY)

Other Income: 13,532.67 (Q1 FY26: 17,469.09, -22.5% YoY)

Total Income: 32,603.95 (Q1 FY26: 34,449.72, -5.4% YoY)

Total Expenses: 17,733.02 (Q1 FY26: 22,964.52, -22.8% YoY)

Profit/(Loss) before tax and exceptional items: 14,870.92 (Q1 FY26: 11,485.20, +29.5% YoY)

Exceptional items: (22,360.00) [Provision for loans to subsidiary]

Profit/(Loss) before tax after exceptional items: (7,479.08) (Q1 FY26: 11,485.20)

Tax Expense: 2,018.15

Net Profit/(Loss) after tax: (9,497.23) (Q1 FY26: 9,260.08)

EPS: (21.69) (Q1 FY26: 21.15)

Other Equity: 4,04,948.83

Consolidated Results:

Revenue from Operations: 69,579.62 (Q1 FY26: 1,08,340.69, -35.8% YoY)

Other Income: 15,008.90 (Q1 FY26: 15,598.97, -3.8% YoY)

Total Income: 84,588.52 (Q1 FY26: 1,23,939.66, -31.8% YoY)

Total Expenses: 75,896.31 (Q1 FY26: 1,19,023.45, -36.2% YoY)

Profit/(Loss) before tax and exceptional items: 8,692.21 (Q1 FY26: 4,916.21, +76.8% YoY)

Exceptional items: Not quantified in current quarter

Profit/(Loss) before tax: 8,692.21 (Q1 FY26: 4,916.21)

Tax Expense: (59.66)

Net Profit/(Loss) for the Period: 10,719.71 (Q1 FY26: 3,650.61, +193.6% YoY)

Attributable to:

  • Owners of the parent: 10,800.35
  • Non-Controlling Interests: (80.64)

EPS: 24.48 (Q1 FY26: 8.34)

Other Equity: 3,00,695.97

Segment-wise Performance [₹ in Lakhs]:

Segment Revenue from Continuing Operations:

Packaging films: 41,495.11

Nonwoven fabrics: 19,071.28

Others: 9,848.39

Less: Inter segment revenue: (835.16)

Total Revenue: 69,579.62

Segment Results Profit/(Loss) before finance cost and tax:

Packaging films: (2,225.58)

Nonwoven fabrics: 3,280.44

Others: 1,654.23

Other unallocable income/(expenses): 10,954.53

Profit before Finance Costs and Tax: 11,695.78

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced

Appointment of Internal Auditor:

Mr. Sanchit Jain appointed as Internal Auditor for financial year 2026-27 on 14th August 2026

Re-appointment of Independent Director:

Mr. Sanjeev Aggarwal (DIN: 00006552) re-appointed as Independent Director (Non-Executive) for second term of 4 years from 1st October 2026 to 30th September 2030, subject to member approval in ensuing AGM

Subsidiary Information:

15 subsidiaries and 1 associate included in consolidation:

  • JPFL Films Private Limited (India)
  • Jindal SMI Coated Products Limited (India)
  • Jindal Speciality Films Limited (India)
  • Jindal Films India Limited (India)
  • Universus Poly & Steel Limited (India)
  • Universus Commercial Properties Limited (India)
  • Jindal Imaging Limited (India)
  • Global Nonwovens Limited (India)
  • JPF Netherlands Investment B.V. (Netherland)
  • Enerlite Solar Films India Limited (India) [Subsidiary w.e.f. May 1, 2025]
  • Rexor SAS (France) [Step down Subsidiary]
  • JPF API Laminates UK Limited (United Kingdom) [Step down Subsidiary]
  • Jindal Nylon Films S.p.a. (Italy) [Step down Subsidiary]
  • SMI Coated Products Industry LLC (United Arab Emirates) [Step down Subsidiary]
  • Jindal Display Limited (India) [Associate]

Other Significant Information:

Fire Incident Impact:

Significant fire incident on 21st May 2025 at subsidiary manufacturing facility in Nashik, Maharashtra caused operational disruptions and financial stress

Provisioning:

Company provided ₹22,350 lakhs for loans to subsidiary considered doubtful due to financial stress from fire incident

Interest Recognition:

Company did not recognize interest income of ₹6,443.10 lakhs on loans due to uncertainty in realization from subsidiary

Inventory Verification Issues:

Physical verification of inventory worth ₹27,135.62 lakhs at subsidiary could not be completed due to fire-related storage constraints

Previous Year Exceptional Items:

FY26 included exceptional items of ₹(2,14,715.68) lakhs related to:

  • Loss on buy back of shares of subsidiary: ₹(3,929.15) lakhs
  • Provision for impairment on investments in subsidiaries: ₹(10.00) lakhs
  • Impact of labour laws: ₹(48.48) lakhs
  • Provision for loans to subsidiary: ₹(1,42,131.20) lakhs
  • Provision for other receivables from subsidiary: ₹(41,899.92) lakhs
  • Interest write-off on loans & receivables: ₹(26,696.93) lakhs

Labour Code Impact:

Government of India brought four Labour Codes into force from November 21, 2025, impacting employee benefit obligations