Jayaswal Neco Q3 FY26 Results: Profit Declines to ₹7409 Lakhs; Internal Auditor Changes Approved
Jayaswal Neco Industries reported a profit of ₹7409 Lakhs for the quarter ended December 31, 2025. The company approved the cessation of Shri Hrudaranjan Sotmon as Internal Auditor (Steel Plant Division) effective January 31, 2026, and the appointment of Shri Sanjay Kumar Singh as Internal Auditor effective February 1, 2026. An exceptional item of ₹1004 Lakhs was recorded.
The change in internal auditor is a routine corporate action. The financial results show a mixed performance with a decrease in quarterly profit. The resolution of the legal matter is positive but does not significantly alter the company's current financial standing.
The financial results show a decline in profit for the quarter, while the changes in internal auditor are routine. The legal matter concerning property attachment has been resolved in favor of the company.
Jayaswal Neco Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a profit of ₹7409 Lakhs for the quarter, a decrease compared to the previous periods.
The Board of Directors also approved changes in the company's internal audit structure. Shri Hrudaranjan Sotmon will cease to be the Internal Auditor for the Steel Plant Division effective January 31, 2026, due to his superannuation. Following this, Shri Sanjay Kumar Singh, a Chartered Accountant with over 22 years of experience, has been appointed as the new Internal Auditor for the Steel Plant Division, effective February 1, 2026.
The company's financial statements include a note on the attachment of properties by the Directorate of Enforcement, which has since been set aside by the PMLA Appellate Tribunal. The company also undertook an early redemption of Non-Convertible Debentures amounting to ₹227101 Lakhs and issued new NCDs worth ₹180000 Lakhs. Additionally, an exceptional item of ₹1004 Lakhs was recognized due to the one-time incremental impact of the consolidation of labor legislations into four Labour Codes by the Government of India.
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