Jainam Ferro Alloys (I) Limited reported a net profit of ₹674.40 lakh for the financial year ended March 31, 2026, a decline from ₹1072.63 lakh in the previous year. Revenue from operations for the year stood at ₹20560.87 lakh, compared to ₹22139.48 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results for the half-year and year ended March 31, 2026, in a meeting held on May 23, 2026.

The statutory auditors, M/s S M A G and Associates LLP, issued an unmodified opinion on the financial statements. The company’s total comprehensive income for the year was ₹131.12 lakh, a significant decrease from ₹1582.39 lakh in the prior year. Earnings per share (EPS) for the year stood at ₹5.80, down from ₹10.16 in the previous year.

Financial Performance

The company’s expenses for the year totaled ₹20209.15 lakh, slightly lower than the ₹21161.69 lakh reported in the previous fiscal. Finance costs decreased to ₹166.73 lakh from ₹175.99 lakh. The half-year performance showed a profit of ₹122.94 lakh for the period ended March 31, 2026, with revenue at ₹9739.65 lakh.

Board Approvals and Appointments

The Board approved the re-appointment of Mr. Ashish Krishnani, Chartered Accountant, as Internal Auditor for the financial year 2026-27. Additionally, M/s Arindam & Associates were re-appointed as Cost Auditor for the same period, subject to shareholder approval. The company also adopted the declaration regarding the auditors' report with an unmodified opinion pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015.

Fund Utilization

The company confirmed that there was no deviation in the utilization of funds raised through a preferential issue. The total amount raised was ₹2541.50 lakh, which was fully utilized towards funding working capital requirements, general corporate purposes, and capital expenditure. The statutory auditor provided a certificate confirming the utilization of proceeds as per the objects stated in the prospectus.

Jainam Ferro Alloys (I) Limited has successfully commissioned and synchronized its captive solar power plant located at Village Tekapar, Tehsil Khairagarh, District Rajnandgaon, Chhattisgarh. The development was finalized in collaboration with Tata Power Renewable Energy Limited, which was responsible for setting up the facility.

Project Details

The solar power plant has a capacity of 20.7 MWp AC and 27 MWp DC. It was officially commissioned on May 21, 2026, and has been duly synchronized with the grid. The project marks a significant step in the company's operational expansion and sustainability efforts.

Operational Impact

The electricity generated from the solar power plant will be captively consumed by the company's ferro plant. This strategic move is expected to support green initiatives and reduce the carbon footprint of the operations.

Furthermore, the shift to solar energy is anticipated to result in significant savings on power consumption costs. Management indicated that this reduction in energy costs would contribute to an improvement in the overall profitability of the company.