Integrated Filing — IndAS



General information about company

Scrip Code 540311
NSE Symbol JITFINFRA
MSEI Symbol NOTLISTED
ISIN INE863T01013
Name of company JITF INFRALOGISTICS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 05-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-11-2026   12:00:00
End date and time of board meeting 05-11-2026   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 72,616.39 1,39,019.53
Other income 1,060.58 2,307.20
Total income 73,676.97 1,41,326.73
2 Expenses
(a) Cost of materials consumed 20,394.32 42,606.45
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (154.50) (514.80)
(d) Employee benefit expense 6,070.40 12,079.44
(e) Finance costs 9,814.51 19,230.42
(f) Depreciation, depletion and amortisation expense 2,637.85 5,268.90
(f) Other Expenses
1 Construction Expenses 27,727.77 47,715.35
2 Other expenses 5,099.30 9,476.93
Total other expenses 32,827.07 57,192.28
Total expenses 71,589.65 1,35,862.69
3 Total profit before exceptional items and tax 2,087.32 5,464.04
4 Exceptional items (2,464.34) (4,928.67)
5 Total profit before tax (377.02) 535.37
6 Tax expense
7 Current tax 463.22 855.90
8 Deferred tax 431.28 1,163.82
9 Total tax expenses 894.50 2,019.72
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (1,271.52) (1,484.35)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 4.65 9.20
16 Total profit (loss) for period (1,266.87) (1,475.15)
17 Other comprehensive income net of taxes 15.74 (47.70)
18 Total Comprehensive Income for the period (1,251.13) (1,522.85)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (1,288.29) (1,836.96)
Total profit or loss, attributable to non-controlling interests 21.42 361.81
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (1,287.45) (1,867.73)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 36.32 344.88
21 Details of equity share capital
Paid-up equity share capital 514.07 514.07
Face value of equity share capital 2 2
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 -5.01 -7.15
Diluted earnings (loss) per share from continuing operations -5.01 -7.15
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -5.01 -7.15
Diluted earnings (loss) per share from continuing and discontinued operations -5.01 -7.15
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

Textual Information(1) Notes:- 1. The Group has three primary Operating segments i.e. Water Infrastructure, Urban Infrastructure and Trading activities. 2. (a) JITF Urban Waste Management (Jalandhar) Limited and JITF Urban Waste Management (Ferozepur) Limited Arbitration proceedings were initiated by JITF Urban Waste Management (Jalandhar) Limited and JITF Urban Waste Management (Ferozepur) Limited (collectively referred to as “JUWML”) against the Municipal Corporations of Jalandhar and Ferozepur, respectively, in relation to their respective projects. The Arbitral Awards dated 15th January 2022 were pronounced in favor of JUWML, awarding Rs.20,444.21 lakhs (including Bank Guarantees amounting to Rs.500 lakhs) for Jalandhar and Rs.9,229.35 lakhs (including Bank Guarantees amounting to Rs.340 lakhs) for Ferozepur, along with applicable interest. JUWML has also challenged certain portions of the Awards under Section 34, and initiated enforcement and execution proceedings before the District Court, Chandigarh. Both proceedings are currently pending for adjudication before the Additional District Court, Chandigarh. (b) JITF Urban Waste Management (Bathinda) Ltd. Due to unrectified continuous defaults under the Concession Agreement dated 23rd November 2011 by the Municipal Corporation, Bathinda (MCB), JITF Urban Waste Management (Bathinda) Ltd. (JUWMBL) issued a Termination Notice on 5th December 2018 (effective 19th January 2019) and subsequently invoked arbitration on 19th March 2019 against MCB and the Department of Local Government, Punjab (DoLG) and filed claim and counterclaims by the parties against each other. The Arbitral Award in this matter was pronounced on 21st May 2025, wherein the Tribunal held that the termination of the contract by JUWMBL is illegal and directed JUWMBL to continue performing the contract until 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. 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. JUWMBL continues its plant operations, and its petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the Award is pending for adjudication before the District Court, Chandigarh. 3. The Group consolidated financial results includes the results of the following entities: Relationship Name of the Entity Holding Company JITF Infralogistics Limited Subsidiaries Direct Subsidiary JITF Urban Infrastructure Services Limited Indirect Subsidiaries a) JWIL Infra Limited b) JITF Urban Infrastructure Limited c) JWIL Infra Projects Limited d) Quality Iron and Steel Limited e) Jindal Urban Waste Management Limited f) JITF Water Infra (Naya Raipur) Limited g) JITF ESIPL CETP (Sitarganj) Limited h) JITF Urban Waste Management (Ferozepur) Limited i) JITF Urban Waste Management (Jalandhar) Limited j) JITF Urban Waste Management (Bathinda) Limited k) Jindal Urban Waste Management (Visakhapatnam) Limited l) Jindal Urban Waste Management (Guntur) Limited m) Timarpur- Okhla Waste Management Company Limited n) Jindal Urban Waste Management (Jaipur) Limited o) Jindal Urban Waste Management (Jodhpur) Limited p) Jindal Urban Waste Management (Bawana) Limited q) Jindal Urban Waste Management (Ahmedabad) Limited r) Tehkhand Waste to Electricity Project Limited s) Jindal Urban Waste Management (Nellore) Limited t) Jindal Urban Waste Management (Kakinada) Limited u) Tuticorin Desal Private Limited v) CWS Private Limited w) Chennai Smart Water Meters Private Limited Joint Ventures 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) h) KNK-JWIL (JV) i) SPML -JWIL (JV) j) JWIL LCC (JV) k) JWIL OMIL SPML(JV) l) JWIL VKMCPL (JV) m) JWIL SSG (JV) n) JWIL- SPML Consortium o) JWIL-UEPL (JV) 4. During the financial year 2025-26, JWIL Infra Limited (JWIL), indirect subsidiary of the Company offered 37,85,000 stock options convertible into equal number of equity shares of JWIL of face value Rs 10/- each under the “JWIL ESOP Scheme 2025”, as approved by the shareholder through special resolution passed at the EGM held on November 10,2025 to the eligible employees of JWIL. Share based payment expense for the quarter and half year ended September 30, 2026 is Rs. Rs. 2,464.33 Lakhs and Rs. 4,928.67 lakhs respectively (year ended March 31, 2026 is Rs. 4,592.17 lakhs) has been recognized and disclosed as Exceptional Item. Consequently, upon exercise of all options by all employees to whom employee stock options shall be granted and allotment of shares by JWIL to all such employees, the shareholding of the JITF Urban Infrastructure Services Limited (JUISL), also a material subsidiary of the Company, in JWIL will be diluted from 54.61% to 50.01%. However, JWIL shall continue to remain indirect subsidiary of the Company. 5. The registered office address of the Company has been shifted to A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, Kosi Kalan, Chhata, Mathura- 281403, Uttar Pradesh, India, vide certificate of registration issued by the Registrar of Companies, Uttar Pradesh vide its order dated 30th October 2026. 6. These results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 05th November, 2026. BY Order of the Board for JITF Infralogistics Limited Place: New Delhi Dr. Amarendra Kumar Sinha Date: 05th November, 2026 Whole Time Director & CEO DIN 08190565



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 25,414.93
Capital work-in-progress 4,103.02
Investment property 0.00
Goodwill 3.60
Other intangible assets 1,58,557.68
Intangible assets under development 29,924.61
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 662.94
Trade receivables, non-current 20,462.91
Loans, non-current 3,446.03
Other non-current financial assets
1 (iv) Other financial assets 12,124.45
Total of other non-current financial assets 12,124.45
Total non-current financial assets 36,696.33
Deferred tax assets (net) 11,369.33
Other non-current assets
1 (i) Other non-current assets 6,284.18
Total of other non-current assets 6,284.18
Total non-current assets 2,72,353.68
2 Current assets
Inventories 7,100.46
Current financial asset
Current investments 4,200.10
Trade receivables, current 1,43,354.35
Cash and cash equivalents 14,859.84
Bank balance other than cash and cash equivalents 23,258.68
Loans, current 353.34
Other current financial assets
Total of other current financial assets 86,232.46
Total current financial assets 2,72,258.77
Current tax assets (net) 2,540.72
Other current assets
1 (e) Other current assets 12,623.64
Total of other current assets 12,623.64
Total current assets 2,94,523.59
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 5,66,877.27
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 514.07
Other equity (48,804.58)
Total equity attributable to owners of parent (48,290.51)
Non controlling interest 8,291.39
Total equity (39,999.12)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,75,503.52
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 (ii) Lease liabilities 51.70
2 (iii) Other financial liabilities 6,339.59
Total of other non-current financial liabilities 6,391.29
Total non-current financial liabilities 3,81,894.81
Provisions, non-current 1,850.63
Deferred tax liabilities (net) 8,509.53
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 (d) Other non-current liabilities 25,911.58
Total of other non-current liabilities 25,911.58
Total non-current liabilities 4,18,166.55
Current liabilities
Current financial liabilities
Borrowings, current 95,782.01
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,385.81
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 66,586.11
Total Trade payable 68,971.92
Other current financial liabilities
1 (ii) Lease liabilities 2.61
2 (iv) Other financial liabilities 16,323.45
Total of other current financial liabilities 16,326.06
Total current financial liabilities 1,81,079.99
Other current liabilities 6,831.38
1 (b) Other current liabilities 6,831.38
Total of other current liabilities 6,831.38
Provisions, current 798.47
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 1,88,709.84
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 6,06,876.39
Total equity and liabilites 5,66,877.27
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 a) Water Infrastructure 61,135.22 1,15,817.26
2 b) Urban Infrastructure 11,481.17 23,202.27
3 c) Trading Activities 0.00 0.00
4 d) Others 0.00 0.00
Total Segment Revenue 72,616.39 1,39,019.53
Less: Inter segment revenue 0.00 0.00
Revenue from operations 72,616.39 1,39,019.53
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 a) Water Infrastructure 6,746.37 13,069.36
2 b) Urban Infrastructure 4,424.73 9,967.19
3 c) Trading Activities 0.00 0.00
4 d) Others (325.20) (640.10)
Total Profit before tax 10,845.90 22,396.45
i. Finance cost 9,045.55 17,499.63
ii. Other Unallocable Expenditure net off Unallocable income 2,172.72 4,352.25
Profit before tax (372.37) 544.57
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 a) Water Infrastructure 2,81,429.91 2,81,429.91
2 b) Urban Infrastructure 2,62,601.25 2,62,601.25
3 c) Trading Activities 0.00 0.00
4 d) Others 253.55 253.55
Total Segment Asset 5,44,284.71 5,44,284.71
Un-allocable Assets 22,592.56 22,592.56
Net Segment Asset 5,66,877.27 5,66,877.27
4 Segment Liabilities
Segment Liabilities
1 a) Water Infrastructure 96,646.46 96,646.46
2 b) Urban Infrastructure 30,298.50 30,298.50
3 c) Trading Activities 0.00 0.00
4 d) Others 136.44 136.44
Total Segment Liabilities 1,27,081.40 1,27,081.40
Un-allocable Liabilities 4,79,794.99 4,79,794.99
Net Segment Liabilities 6,06,876.39 6,06,876.39
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 (i) Re-measurement gains (losses) on defined benefit plan (22.06) (44.12)
Total Amount of items that will not be reclassified to profit and loss (22.06) (44.12)
2 Income tax relating to items that will not be reclassified to profit or loss (5.56) (11.12)
3 Amount of items that will be reclassified to profit and loss
1 (i) Exchange difference in translating the financial statements of foreign operations 32.24 (14.70)
Total Amount of items that will be reclassified to profit and loss 32.24 (14.70)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 15.74 (47.70)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 535.37
Adjustments for reconcile profit (loss)
Adjustments for finance costs 19,230.42
Adjustments for decrease (increase) in inventories (724.50)
Adjustments for decrease (increase) in trade receivables, current (16,237.67)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (27,331.95)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (18,322.57)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 5,268.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1,730.79
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (1.55)
Other adjustments for non-cash items 211.67
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (39,638.04)
Net cash flows from (used in) operations (39,102.67)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,586.07
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (40,688.74)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 17.88
Purchase of property, plant and equipment 21,823.04
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,659.13
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (6,535.77)
Net cash flows from (used in) investing activities (26,681.80)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 4,928.67
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 76,737.68
Repayments of borrowings 0.00
Payments of lease liabilities 4.41
Dividends paid 373.73
Interest paid 19,100.05
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 62,188.16
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (5,182.38)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (5,182.38)
Cash and cash equivalents cash flow statement at beginning of period 20,042.23
Cash and cash equivalents cash flow statement at end of period 14,859.85





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 LODHA & LLP CO Yes 31-03-2027