General information about company |
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|---|---|---|---|
| Scrip Code | 540311 | ||
| NSE Symbol | JITFINFRA | ||
| MSEI Symbol | NA | ||
| ISIN | INE863T01013 | ||
| Name of company | JITF INFRALOGISTICS LIMITED | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2025 | ||
| Date of end of financial year | 31-Mar-2026 | ||
| Date of board meeting when results were approved | 13-Aug-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-Aug-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| Reporting Type | Quarterly | ||
| Reporting Quarter | First quarter | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Whether results are audited or unaudited for the quarter ended | Unaudited | ||
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |||
| Segment Reporting | Multi segment | ||
| Description of single segment | |||
| Start date and time of board meeting | 13-Aug-2025 13:00:00 | ||
| End date and time of board meeting | 13-Aug-2025 15:45:00 | ||
| Whether cash flow statement is applicable on company | |||
| Type of cash flow statement | |||
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable | ||
Financial Results Ind-AS |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 5501644000 | ||
| Other income | 94719000 | ||
| Total income | 5596363000 | ||
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1998406000 | |
| (b) | Purchases of stock-in-trade | 61662000 | |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | -145226000 | |
| (d) | Employee benefit expense | 502597000 | |
| (e) | Finance costs | 1009325000 | |
| (f) | Depreciation, depletion and amortisation expense | 241955000 | |
| (f) | Other Expenses | ||
| 1 | Construction Expenses | 1391022000 | 1391022000 |
| 2 | Other Expenses | 393283000 | 393283000 |
| Total other expenses | 1784305000 | ||
| Total expenses | 5453024000 | ||
| 3 | Total profit before exceptional items and tax | 143339000 | |
| 4 | Exceptional items | 0 | |
| 5 | Total profit before tax | 143339000 | |
| 6 | Tax expense | ||
| 7 | Current tax | 84609000 | |
| 8 | Deferred tax | 105410000 | |
| 9 | Total tax expenses | 190019000 | |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | |
| 11 | Net Profit Loss for the period from continuing operations | -46680000 | |
| 12 | Profit (loss) from discontinued operations before tax | 0 | |
| 13 | Tax expense of discontinued operations | 0 | |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | -405000 | |
| 16 | Total profit (loss) for period | -47085000 | |
| 17 | Other comprehensive income net of taxes | -1474000 | |
| 18 | Total Comprehensive Income for the period | -48559000 | |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | -111287000 | ||
| Total profit or loss, attributable to non-controlling interests | 64202000 | ||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | -112191000 | ||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 63632000 | ||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 51407000 | ||
| Face value of equity share capital | 10 | ||
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -4.33 | ||
| Diluted earnings (loss) per share from continuing operations | -4.33 | ||
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | ||
| Diluted earnings (loss) per share from discontinued operations | 0 | ||
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -4.33 | ||
| Diluted earnings (loss) per share from continuing and discontinued operations | -4.33 | ||
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
Disclosure of notes on financial results |
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| Textual Information(1) | 1.The Group had four primary segments i.e. Rail Freight Wagons, Water Infrastructure, Urban Infrastructure and Trading activities. However, one segment i.e. Rail Freight Wagons (refer note 4 below) was disinvested to Texmaco Rail & Engineering Limited on 3rd September 2024 and thus the company has now three primary segments i.e. Water Infrastructure, Urban Infrastructure and Trading activities. 2. (a) The Arbitration proceedings invoked against Municipal Corporations (MC), Jalandhar & Ferozepur by JITF Urban Waste Management (Jalandhar) Limited and JITF Urban Waste Management (Ferozepur) Limited (hereinafter together referred to as “JUWML”) relating to the Jalandhar and Ferozepur projects respectively. The Hon’ble Arbitral Tribunal on 15th January 2022 delivered and passed Awards of Rs. 20444.21 lacs (including Bank Guarantee of Rs. 500 lacs) and Rs. 9229.35 lacs (including Bank Guarantee of Rs. 340 lacs) along with interest, in favour of respective companies.The MC, Jalandhar & Ferozepur filed objection Petition U/s 34 of the arbitration and conciliation Act, 1996 with interim stay application before District Court, Chandigarh, challenging the Award dated 15th January, 2022 passed in favour of JUWML. The said petition U/s 34 & interim stay application filed by MC, Jalandhar & Ferozepur have been dismissed by District Court, Chandigarh on 08.01.2024 and appeal U/s 37 against the said order is still pending before High Court Chandigarh. The JUWML also challenged some portion of the award under Section 34 and also filed application for enforcement of arbitral award before the District Court, Chandigarh which are pending for disposal. (b) The Concessioning Authority i.e. Municipal Corporation, Bathinda (MCB) did not fulfil their contractual obligations of the Concession Agreement and thus they did not rectify the Events of Default as raised by one of the step down subsidiary of the Company namely JITF Urban Waste Management (Bathinda) Ltd. (JUWMBL) in the Consultation Notice, within 90 days as prescribed under the Concession Agreement dated 23.11.2011, the JUWMBL issued a Termination Notice on 05.12.2018 w.e.f. 19.01.2019.Since the disputes between the JUWMBL and MCB & Department of Local Government, Govt. of Punjab (DoLG) continued to persist, JUWMBL invoked the Arbitration Clause of the Concession Agreement vide Notice of Arbitration dated 19.03.2019, against the MCB and other Respondents. JUWMBL filed Statement of Claim before Arbitral Tribunal and MCB also filed counterclaim during the proceedings for adjudication.The Arbitral Award in this matter was pronounced on 21.05.2025, wherein the Tribunal has held that termination of the contract by JUWMBL is illegal and required to continue to perform the contract till the expiry of the concession period or early termination in a valid manner.The Tribunal further awarded the claim for tipping fee of Rs. 183.57 lacs along with interest in favour of JUWMBL. The MCB’S counterclaim for land lease payment of Rs. 8.11 lacs together with interest from the date of filing of the Counterclaim on 31.07.2019 has also been accepted by Arbitral Tribunal.Currently, JUWMBL is continuing its operations and also in the process of exploring legal recourse against the Arbitral Award and will take appropriate legal steps against the same.3.The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the financial year and the published unaudited year to date figures up to third quarter of the financial year which were subject to limited review by the auditor. Previous period figures have been regrouped/reclassified/recast, wherever necessary, to make them comparable. 4.(a) In the financial year 2024-25, the shareholders of the Company had accorded their consent to the Board of Directors of the Company and JITF Urban Infrastructure Services Limited (JUISL), a material subsidiary of the Company, for disinvestment of the equity shares held by JUISL in Jindal Rail Infrastructure Limited (JRIL), a wholly owned subsidiary of JUISL. The subsidiary of the company i.e. JUISL has completed sale transaction of its Investment in step down subsidiary namely JRIL with Texmaco Rail & Engineering Limited under Securities Purchase agreement dated 25th July 2024 on 3rd September 2024 and has received the sale consideration of Rs 46435.65 lacs and thus JRIL is no longer a subsidiary of the Company with effect from 3rd September 2024. Accordingly, the consolidated financials of the group include financials of JRIL till 2nd September 2024 and profit of Rs.13414.95 lacs on this has been presented as exceptional item in consolidated financial results. (b) In accordance with Ind AS 105 “Non-current Assets held for Sale and Discontinued Operations”, assets and liabilities of business operation forming part of disposal of JRIL have been considered as part of discontinued operations.The results of discontinued operations – JRIL (including discontinued operations of earlier periods) are disclosed in the table:S. No.Particulars Quarter Ended/Period Ended 30.06.2024 02.09.2024 (unaudited) (Audited) 1.Total Income 19,726.61 36,848.03 2 Total Expensest16,598.07 31,097.06 3 Profit(+)/Loss (-) before Tax, Exceptional items (1 - 2)t3,128.54t5,750.97 4 Exceptional Items (Gain)/ Loss-- 5 Profit/(loss) before tax (4-5)3,128.54 5,750.97 6 Less: Tax Expense 779.82 1,439.59 7 Net Profit (+)/Loss (-) after tax (5- 6)t2,348.72t4,311.38 8 Other Comprehensive Income - - i) Item that will not be reclassified to profit or loss (Net of Tax) 60.61 59.97 ii) Item that will be reclassified to profit or loss- - 9 Total Comprehensive Income for the period (7 +8)t2,409.33t4,371.35 (c) Figures of the consolidated financial results for the quarter ended 30th June, 2024 has been restated considering the JRIL as discontinued operation. 5. The Group consolidated financial results includes the results of the following entities: Relationship Name of the Entity Holding Company JITF Infralogistics Limited Subsidiaries Direct Subsidiaries a)JITF Urban infrastructure Services Limited Indirect Subsidiaries b)JWIL Infra Limited c) JITF Urban Infrastructure Limited d) JWIL Infra Projects Limited e) Quality Iron and Steel Limited f) Jindal Urban Waste Management Limited g) JITF Water Infra (Naya Raipur) Limited h) JITF ESIPL CETP (Sitarganj) Limited i) JITF Urban Waste Management (Ferozepur) Limited j)JITF Urban Waste Management (Jalandhar) Limited k) JITF Urban Waste Management (Bathinda) Limited t l)Jindal Urban Waste Management (Visakhapatnam) Limited m)Jindal Urban Waste Management (Guntur) Limited n) Timarpur- Okhla Waste Management Company Limited o) Jindal Urban Waste Management (Jaipur) Limited p) Jindal Urban Waste Management (Jodhpur) Limited q) Jindal Urban Waste Management (Bawana) Limited r) Jindal Urban Waste Management (Ahmedabad) Limited s) Tehkhand Waste to Electricity Project Limited Joint Venture Joint Venture of Indirect Subsidiaries a) JWIL-SSIL (JV) b) SMC-JWIL (JV) c) JWIL-Ranhill (JV) d) TAPI-JWIL (JV) e) MEIL-JWIL (JV) f) JWIL-SPML (JV) g) OMIL-JWIL-VKMCPL (JV) nh) KNK-JWIL (JV) i) SPML -JWIL (JV) j) JWIL LCC (JV) k) JWIL OMIL SPML(JV) l) JWIL VKMCPL (JV) m) JWIL SSG (JV) (w.e.f. 28.01.2025) n) JWIL- SPML Consortium (w.e.f. 02.06.2025) 6.These results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 13th August, 2025. | ||
Remarks |
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| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Apr-2025 | ||||||
| Date of end of reporting period | 30-Jun-2025 | ||||||
| Whether accounts are audited or unaudited | Unaudited | ||||||
| Nature of report standalone or consolidated | Consolidated | ||||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Water Infrastructure | 4432951000 | 4432951000 | ||||
| 2 | Urban Infrastructure | 1068693000 | 1068693000 | ||||
| 3 | Trading | 0 | 0 | ||||
| 4 | Others | 0 | 0 | ||||
| Total Segment Revenue | 5501644000 | ||||||
| Less: Inter segment revenue | 0 | 0 | |||||
| Revenue from operations | 5501644000 | ||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Water Infrastructure | 533295000 | 533295000 | ||||
| 2 | Urban Infrastructure | 549693000 | 549693000 | ||||
| 3 | Trading | 0 | 0 | ||||
| 4 | Others | -25448000 | -25448000 | ||||
| Total Profit before tax | 1057540000 | ||||||
| i. Finance cost | 934537000 | 934537000 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | -19931000 | -19931000 | |||||
| Profit before tax | 142934000 | ||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Water Infrastructure | 17610274000 | 17610274000 | ||||
| 2 | Urban Infrastructure | 22422129000 | 22422129000 | ||||
| 3 | Trading | 0 | 0 | ||||
| 4 | Others | 75616000 | 75616000 | ||||
| Total Segment Asset | 40108019000 | 40108019000 | |||||
| Un-allocable Assets | 2314145000 | 2314145000 | |||||
| Net Segment Asset | 42422164000 | 42422164000 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Water Infrastructure | 6570694000 | 6570694000 | ||||
| 2 | Urban Infrastructure | 2832607000 | 2832607000 | ||||
| 3 | Trading | 0 | 0 | ||||
| 4 | Others | 12171000 | 12171000 | ||||
| Total Segment Liabilities | 9415472000 | 9415472000 | |||||
| Un-allocable Liabilities | 37852389000 | 37852389000 | |||||
| Net Segment Liabilities | 47267861000 | 47267861000 | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement gains (losses) on defined benefit plan | -1180000 | -1180000 |
| Total Amount of items that will not be reclassified to profit and loss | -1180000 | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | -298000 | |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange difference in translating the financial statements of foreign operations | -592000 | -592000 |
| Total Amount of items that will be reclassified to profit and loss | -592000 | ||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | |
| 5 | Total Other comprehensive income | -1474000 | |