Jindal Poly Films Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance with standalone profitability contrasting sharply with consolidated losses. The results reflect the impact of operational challenges and regulatory changes affecting the company's diverse business segments.

Standalone Financial Performance

The company's standalone operations demonstrated resilience with significant improvement in profitability metrics for the third quarter of fiscal year 2026.

For the nine-month period ended December 31, 2025, standalone operations generated a net profit of Rs. 15,293.77 lakhs compared to Rs. 37,930.94 lakhs in the corresponding period of the previous year. The substantial increase in total income was primarily driven by other income of Rs. 35,498.09 lakhs for the nine-month period, reflecting returns from financial investments.

Consolidated Results Show Contrasting Picture

The consolidated financial results painted a different scenario, with the company reporting significant losses across key metrics.

Impact of Fire Incident and Operational Challenges

The company's performance was significantly affected by a major fire incident that occurred at its manufacturing plant in Nashik, Maharashtra on May 21, 2025. The fire resulted in substantial damage to property, plant and equipment, buildings, and inventory including raw materials, stores and spares, and finished goods. Management is currently assessing the total losses from this incident, with necessary adjustments to be recognized in subsequent periods upon completion of the assessment.

During the current quarter, the company deposited Rs. 8,224 lakhs with the GST department on a provisional basis and under protest, related to the destroyed assets. The company continues to account for depreciation on property, plant and equipment while carrying inventory at cost pending the final assessment.

Discontinued Operations and Demerger Scheme

The Board of Directors approved a Scheme of Demerger on August 14, 2025, for the nonwoven business to be transferred to Global Nonwovens Limited as a going concern with an appointed date of April 1, 2025. This scheme is pending approval from NCLT and other authorities. The nonwoven business has been classified as discontinued operations in accordance with Ind AS 105.

Regulatory Impact and Exceptional Items

The implementation of new Labour Codes effective November 21, 2025, resulted in exceptional charges across the company's operations. The group recognized Rs. 241.78 lakhs as impact of New Labour Codes towards additional liability as past service cost for continuing operations, while Rs. 44.42 lakhs was recognized for discontinued operations.

Other exceptional items included a loss of Rs. 3,980.11 lakhs on buyback of shares by a wholly owned subsidiary during the previous quarter. Current tax relating to earlier years represents claims filed for capital subsidy and MAT Credit entitlement allowed by tax authorities.

Segment Performance Analysis

The packaging films segment, which forms the core of continuing operations, reported revenue of Rs. 30,178.38 lakhs for Q3FY26 compared to Rs. 1,11,994.98 lakhs in Q3FY25. The segment recorded a loss before finance costs and tax of Rs. 5,691.69 lakhs for the quarter, reflecting operational challenges and market conditions.

The company's financial assets have grown substantially due to accumulated cash flows from previous years and proceeds from the slump sale of its packaging business, which have been invested in securities and financial instruments generating significant investment income included in other income.

Jindal Poly Films Limited has announced a key leadership appointment, with its Board of Directors approving the appointment of Ms. Rashmi Gupta as Company Secretary and Compliance Officer. The decision was made during a board meeting held on February 07, 2026, where she was also designated as Key Managerial Personnel in compliance with applicable laws.

Appointment Details

The appointment follows regulatory requirements under Regulation 30, Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Professional Background

Ms. Rashmi Gupta brings substantial expertise to her new role at Jindal Poly Films Limited. She is a qualified Company Secretary holding ICSI Membership No. F8616 and is also a Law graduate. Her professional credentials are complemented by more than 15 years of experience in handling secretarial compliances across various organizations.

Career Experience

Ms. Gupta's extensive career includes positions with several prominent companies:

• HCL Technologies Limited
• Chambal Fertilisers and Chemicals Limited
• Inox Group
• ReNew Group
• Other notable organizations

Regulatory Compliance

The appointment aligns with the company's commitment to maintaining robust corporate governance standards. As Company Secretary and Compliance Officer, Ms. Gupta will be responsible for ensuring adherence to regulatory requirements and maintaining effective communication with stakeholders.

The company has informed both the National Stock Exchange of India Limited and BSE Limited about this appointment as part of its disclosure obligations under applicable regulations.