JBF Industries (514034) Q2 24/25 earnings summary

Executive summary

• Financial results for the quarter ended 30th September 2024 were reviewed and approved by the Resolution Professional, with the company under Corporate Insolvency Resolution Process (CIRP) since January 2024.

• All manufacturing operations have been discontinued, and the company’s ability to continue as a going concern is critically impaired.

Financial highlights

• Revenue from operations for the quarter was nil; total income stood at ₹1 lakh.

• Net loss for the quarter was ₹77 lakh, compared to a net loss of ₹6,051 lakh in the same quarter last year.

• EPS for the quarter was (₹0.09), compared to (₹7.39) in the same quarter last year.

• Total comprehensive loss for the quarter was ₹77 lakh.

Outlook and guidance

• The company’s future operations and ability to meet financial commitments are severely compromised, with significant doubts about its ability to continue as a going concern.