Zuari Industries Limited has issued a clarification regarding a perceived difference in its consolidated financial results submitted on November 12, 2025. The company addressed an email from the National Stock Exchange of India Limited dated January 13, 2026, explaining that the apparent discrepancy in Profit Before Tax figures between the PDF and XBRL filings is solely due to variations in the presentation sequence dictated by the XBRL taxonomy. In the PDF filing, the "Share of profit/(loss) of associates and joint ventures" is presented before tax and exceptional items. Conversely, the XBRL filing, adhering to the prescribed taxonomy, presents this item after adjustments for tax expenses and exceptional items. The company provided extracts of relevant figures for the quarter and half-year ended September 30, 2025, illustrating these differences. For instance, Profit Before Tax in the PDF was ₹16,704.27 lakhs for the quarter, while in the XBRL it appeared as ₹(1971.09) lakhs before the addition of share of profit from associates and joint ventures. Zuari Industries emphasized that its financial results, both standalone and consolidated, are prepared in accordance with Schedule III of the Companies Act, 2013, and the SEBI circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The company trusts this explanation clarifies the matter for the exchange.
