Jai balaji industries Limited has informed stock exchanges about receiving an ESG rating of 57 for FY2025 from NSE Sustainability Ratings & Analytics Limited. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on April 3, 2026.

ESG Rating Details

The rating assessment was communicated to the company through an email dated April 2, 2026. This ESG rating reflects the company's performance across three key parameters:

Independent Assessment

Jai Balaji Industries has clarified that the company did not engage NSE Sustainability for this rating or report. The ESG assessment was conducted independently by NSE Sustainability based on information available in the public domain. This indicates that the rating agency evaluated the company's ESG performance using publicly accessible data and disclosures.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing both major stock exchanges about this development:

The intimation was signed by Ajay Kumar Tantia, Company Secretary, ensuring proper authorization and compliance with regulatory requirements. This disclosure helps maintain transparency with investors and stakeholders regarding the company's ESG performance assessment.

Jai Balaji Industries Limited reported a sharp decline in financial performance for the third quarter ended December 31, 2025, with net profit falling 90% year-on-year. The steel manufacturing company's board approved the unaudited financial results at a meeting held on February 12, 2026.

Financial Performance Overview

The company's quarterly performance showed significant deterioration across key metrics compared to the same period last year:

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, also reflected challenging operating conditions. Revenue from operations declined to ₹4,039.10 crore from ₹4,761.27 crore in the corresponding period of the previous year, representing a 15% decrease. Net profit for the nine-month period stood at ₹108.58 crore, down 77% from ₹482.40 crore achieved in the same period last year.

Cost Structure and Operational Metrics

The company's cost of materials consumed decreased to ₹952.00 crore in Q3FY26 from ₹1,049.05 crore in Q3FY25. Employee benefits expense remained relatively stable at ₹42.18 crore compared to ₹44.77 crore in the previous year. Finance costs increased to ₹15.96 crore from ₹14.86 crore, while depreciation and amortisation expense rose significantly to ₹31.50 crore from ₹22.93 crore.

Corporate Developments

The board approved the termination of two joint venture agreements related to coal operations. The Joint Venture Agreement dated March 5, 2008, involving JSW Steel Limited, Bhushan Power & Steel Limited, and Jai Balaji Industries Limited for Rohne Coal Company Private Limited was terminated with immediate effect due to de-allocation of the Rohne Coking Coal Block. Additionally, the Joint Venture Agreement dated January 21, 2009, for Andal East Coal Company Private Limited is no longer in force as the joint venture company is under liquidation.

Regulatory and Operational Notes

The company operates primarily in steel product manufacturing and has only one reportable operating segment. The financial results received an unmodified opinion from statutory auditors Das & Prasad, Chartered Accountants. The company maintains its paid-up equity share capital at ₹182.45 crore with a face value of ₹2 per share. The board also approved maintaining books of account at a new location in Kolkata from February 13, 2026.