Jindal Photo Limited Approves Financial Results and Reappoints Internal Auditors at Board Meeting
Jindal Photo Limited conducted its Board of Directors meeting on May 30, 2026, where the Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. The Board also formally re-appointed M/s VASK & Associates as the Internal Auditors for the financial year 2026-27.The company reported significant financial data for the period, with the statutory auditors, M/s Suresh Kumar Mittal & Co., confirming an unmodified opinion on the financial results.
Financial Review and Approvals
At the board meeting, the Directors approved the Audited Financial Results for the quarter and year ended March 31, 2026, following the recommendation of the Audit Committee.The Board also received a declaration from the Statutory Auditor confirming that they issued an unmodified opinion regarding the Standalone and Consolidated Financial Results for the period ended March 31, 2026.
Standalone Financial Results Summary
The company presented the detailed financial results for the quarter and year ended March 31, 2026, in the standalone format.The financial figures (in Lakhs) for the Standalone Statement of Assets, Equity, and Liabilities as at March 31, 2026, compared to the previous year, are detailed below:
| Particulars | As at 31-03-2026 (Audited) | As at 31-03-2025 (Audited) |
|---|---|---|
| Cash and Cash Equivalents | 3 | 1 |
| Investments | 1,17,554 | 21,538 |
| Total Assets | 1,23,566 | 27,558 |
| Equity Share Capital | 1,026 | 1,026 |
| Other Equity | 1,00,401 | 18,549 |
| Total Liabilities and Equity | 1,23,566 | 27,558 |
The Statement of Standalone Audited Financial Results for the quarter and year ended March 31, 2026, showed the following key performance indicators:
| Key Metric | Quarter Ended 31-03-2026 | Year Ended 31-03-2026 |
|---|---|---|
| Total Income | 47 | 1,261 |
| Total Expenses | 150 | 594 |
| Profit/(Loss) before exceptional items and tax | (103) | 667 |
| Profit/(Loss) for the period | (108) | 383 |
| Total Comprehensive Income | 3,238 | 81,852 |
| Basic/Diluted EPS on Net Profit/(Loss) | (1.04) | 374 |
Consolidated Financial Results Summary
The consolidated results include the entities of Jindal Photo Limited (Holding Company), Jindal India Powertech Limited (Associate), and Mandakini Coal Company Limited (Joint Venture).The Consolidated Statement of Assets, Equity, and Liabilities for the quarter and year ended March 31, 2026, revealed:
| Particulars | As at 31-03-2026 (Audited) | As at 31-03-2025 (Audited) |
|---|---|---|
| Cash and Cash Equivalents | 3 | 1 |
| Investments | 118,132 | 98,670 |
| Total Assets | 1,24,268 | 104,813 |
| Equity Share Capital | 1,026 | 1,026 |
| Other Equity | 1,01,101 | 95,804 |
| Total Liabilities and Equity | 1,24,266 | 1,04,813 |
In the Consolidated Audited Financial Results:
| Key Metric | Quarter Ended 31-03-2026 | Year Ended 31-03-2026 |
|---|---|---|
| Total Income | 47 | 1,261 |
| Total Expenses | 150 | 594 |
| Profit/(Loss) before exceptional items and tax | (103) | 667 |
| Profit/(Loss) for the period | (566) | (2,279) |
| Total Comprehensive Income | 3,788 | 83,200 |
| Basic/Diluted EPS on Net Profit/(Loss) | (5.52) | (22.21) |
Audit Findings
The Statutory Auditors, M/s Suresh Kumar Mittal & Co., reported that the standalone financial results presented a true and fair view, confirming that the standalone financial results meet the requirements of the applicable accounting standards.The auditors issued an emphasis of matter regarding Note 3(c) and 3(d) to the standalone financial results, drawing attention to the non-provision of doubtful loans and the non-provision of amounts recoverable from MCCL, a joint venture company, due to pending petitions and claims for finalization/settlement.
The Internal Auditors were re-appointed for the financial year 2026-27. M/s VASK & Associates, a Chartered Accountancy firm, was named as the Internal Auditor, effective May 30, 2026.
JINDALPHOT Stock Price Movement
Shares of Jindal Photo Limited slipped by 1.72% to settle at ₹1001.3 on Friday, marking a noticeable decline for the equity. The stock traded on a volume of 4,301 shares, closing significantly below its previous day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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