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JNK India Results: Latest Quarterly Results & Analysis

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JNK India Ltd. 12 Aug 2026 12:01 PM

Q1FY27 Quarterly Result Announced for JNK India Ltd.

Industrial Products company JNK India announced Q1FY27 results

Standalone Financial Highlights:

  • Revenue from Operations for Q1FY27 was Rs 1,635.53 million, marking a YoY growth of 65.50% from Rs 988.25 million in Q1FY26, and a QoQ decline of 45.40% compared to Rs 2,995.28 million in Q4FY26. For the full year FY26, revenue stood at Rs 7,556.11 million.
  • Other Income for Q1FY27 was Rs 65.91 million, an increase of 69.70% YoY from Rs 38.84 million and a sequential growth of 10.05% from Rs 59.89 million in Q4FY26.
  • Total Income for Q1FY27 stood at Rs 1,701.44 million, representing a YoY increase of 65.66% from Rs 1,027.09 million and a QoQ decrease of 44.36% from Rs 3,055.17 million.
  • Profit Before Tax for Q1FY27 was Rs 185.41 million, reflecting a significant YoY growth of 812.90% from Rs 20.31 million, while declining 54.41% QoQ from Rs 406.65 million in Q4FY26.
  • Profit for the Period for Q1FY27 reached Rs 135.46 million, a YoY growth of 1,058.77% compared to Rs 11.69 million in Q1FY26, and a QoQ decrease of 57.22% from Rs 316.63 million in Q4FY26. For the full year FY26, the profit was Rs 648.71 million.
  • Total Comprehensive Income for Q1FY27 was Rs 129.48 million, as against Rs 9.36 million in Q1FY26 and Rs 318.54 million in Q4FY26.
  • Earnings Per Share (EPS) (Basic & Diluted) for Q1FY27 was Rs 2.42, compared to Rs 0.21 in Q1FY26 and Rs 5.66 in Q4FY26.

Consolidated Financial Highlights:

  • Revenue from Operations for Q1FY27 was Rs 1,799.63 million, representing a YoY increase of 81.60% from Rs 990.99 million in Q1FY26, but a QoQ decline of 46.83% from Rs 3,384.40 million in Q4FY26. For the full year FY26, revenue was Rs 8,185.53 million.
  • Other Income for Q1FY27 stood at Rs 60.37 million, up 55.95% YoY from Rs 38.71 million and down 1.61% QoQ from Rs 61.36 million in Q4FY26.
  • Total Income for Q1FY27 reached Rs 1,860.00 million, marking a YoY growth of 80.64% from Rs 1,029.70 million and a sequential decline of 46.02% compared to Rs 3,445.76 million in Q4FY26.
  • Profit Before Tax for Q1FY27 was reported at Rs 146.35 million, showing a substantial YoY increase of 638.77% from Rs 19.81 million, and a QoQ decrease of 65.68% from Rs 426.49 million in Q4FY26.
  • Profit for the Period for Q1FY27 was Rs 96.25 million, representing a YoY growth of 754.04% from Rs 11.27 million and a QoQ decline of 70.87% from Rs 330.40 million in Q4FY26. For the full year FY26, the profit was Rs 648.20 million.
  • Total Comprehensive Income for Q1FY27 was Rs 90.27 million, compared to Rs 8.94 million in Q1FY26 and Rs 332.12 million in Q4FY26.
  • Earnings Per Share (EPS) (Basic & Diluted) for Q1FY27 stood at Rs 2.05, as against Rs 0.20 in Q1FY26 and Rs 5.84 in Q4FY26.

Business Highlights:

  • Segment Performance - Combustion Equipment: Recorded revenue of Rs 1,637.10 million in Q1FY27, compared to Rs 990.99 million in Q1FY26. The segment result (profit before tax and finance costs) was Rs 297.25 million.
  • Segment Performance - Process Equipment: This segment became operational during FY26 and recorded revenue of Rs 162.53 million in Q1FY27 with a segment loss of Rs 13.30 million.
  • Expansion of Business Lines: The Company has approved an amendment to its Memorandum of Association to enter new lines of business including heavy industrial engineering, procurement, and construction (EPC) for the mining, steel, cement, and metallurgical industries, as well as marine and offshore operations.
  • Overseas Expansion: The Board has approved setting up a Branch Office of the Company overseas in the Republic of Iraq.
  • IPO Proceeds Utilization: Out of the total IPO proceeds of Rs 2,816.99 million (net of reduction in offer expenses), the Company has fully utilised the amount as of 30 June 2026, with Rs 2,646.50 million used for working capital requirements and Rs 170.49 million for general corporate purposes.
  • Subsidiary Acquisition Note: During FY26, the Company incorporated a subsidiary 'JNK Chemdist Technologies Private Limited' which acquired assets from the Chemdist group. Total purchase consideration was Rs 415.82 million, and resultant goodwill was Rs 17.19 million.

Arvind Kamath, Chairperson & Whole Time Director, said: “We started FY27 on a strong note, with total income growing by ~80.6% YoY to Rs. 186.0 cr in Q1FY27, compared to Rs. 10.30 cr in Q1FY26, EBITDA grew by 3.1x on YoY to Rs. 21.9 cr and PAT grew by 8.5x on YoY to Rs. 9.6 cr. The strong performance reflects healthy project execution and the continued traction in our business. Importantly, we have maintained an EBITDA margin of 11.8% in Q1FY27, representing our ability to deliver strong growth while maintaining a stable margin profile. We remain focused on sustaining this discipline as we scale the business further.

Our order book on June 30, 2026 is Rs 1,801 cr, and our growth visibility remains strong, with a bidding pipeline of Rs ~6,000 cr across domestic and international markets. We are seeing a healthy opportunity set across both international and domestic markets, with increasing participation in international projects. This provides us with strong visibility for order inflows.

At the same time, we are taking further steps to diversify our business into new and adjacent opportunities. We are entering the off-shore, metals & minerals and focusing more on renewable energy. Importantly, JNK Chemdist has started adding value to our focus on renewable energy segment. They are executing the green hydrogen project and actively pursuing more opportunities in related categories.

We believe this expansion will broaden our addressable market and enable us to participate in emerging investment opportunities across renewable energy and related industries, while building on the strengths and capabilities we have developed over the years.

Overall, we remain focused on executing our existing projects, converting the strong opportunity pipeline into new orders and expanding our presence across newer markets and segments. With strong execution, a healthy pipeline and the ability to leverage our existing capabilities into new growth opportunities.

Result PDF

Industrial Products company JNK India announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations:
    • Q4FY26: Rs 3,384.40 million compared to Rs 1,909.44 million in Q4FY25 (YoY increase of 77.25%). Compared to Q3FY26 (Rs 2,026.25 million), this reflects a QoQ increase of 67.03%.
    • FY26: Rs 8,185.53 million compared to Rs 4,766.45 million in FY25 (YoY increase of 71.73%).
  • Profit before tax:
    • Q4FY26: Rs 426.49 million compared to Rs 220.69 million in Q4FY25 (YoY increase of 93.25%). Compared to Q3FY26 (Rs 227.70 million), this reflects a QoQ increase of 87.21%.
    • FY26: Rs 852.15 million compared to Rs 440.63 million in FY25 (YoY increase of 93.42%).
  • Profit after tax:
    • Q4FY26: Rs 330.40 million compared to Rs 132.40 million in Q4FY25 (YoY increase of 149.55%). Compared to Q3FY26 (Rs 176.27 million), this reflects a QoQ increase of 87.47%.
    • FY26: Rs 648.20 million compared to Rs 302.06 million in FY25 (YoY increase of 114.59%).
  • Earnings per share (Basic/Diluted):
    • Q4FY26: Rs 5.66 compared to Rs 2.37 in Q4FY25. Compared to Q3FY26 (Rs 3.21), this reflects a QoQ increase of 76.32%.
    • FY26: Rs 11.59 compared to Rs 5.44 in FY25 (YoY increase of 113.05%).

Standalone Financial Highlights:

  • Revenue from operations:
    • Q4FY26: Rs 2,995.28 million compared to Rs 1,890.26 million in Q4FY25 (YoY increase of 58.46%). Compared to Q3FY26 (Rs 1,789.45 million), this reflects a QoQ increase of 67.39%.
    • FY26: Rs 7,556.11 million compared to Rs 4,732.94 million in FY25 (YoY increase of 59.65%).
  • Profit before tax:
    • Q4FY26: Rs 406.65 million compared to Rs 219.67 million in Q4FY25 (YoY increase of 85.12%). Compared to Q3FY26 (Rs 235.74 million), this reflects a QoQ increase of 72.50%.
    • FY26: Rs 846.39 million compared to Rs 439.07 million in FY25 (YoY increase of 92.77%).
  • Profit after tax:
    • Q4FY26: Rs 316.63 million compared to Rs 132.72 million in Q4FY25 (YoY increase of 138.57%). Compared to Q3FY26 (Rs 184.58 million), this reflects a QoQ increase of 71.54%.
    • FY26: Rs 648.71 million compared to Rs 301.41 million in FY25 (YoY increase of 115.23%).
  • Earnings per share (Basic/Diluted):
    • Q4FY26: Rs 5.66 compared to Rs 2.38 in Q4FY25. Compared to Q3FY26 (Rs 3.30), this reflects a QoQ increase of 71.52%.
    • FY26: Rs 11.59 compared to Rs 5.46 in FY25 (YoY increase of 112.27%).

Business Highlights:

  • Segment Performance:
    • Combustion Equipment: Rs 7,597.33 million for FY26.
    • Process Equipment: Rs 588.20 million for FY26.
  • Dividend: The Board recommended a final dividend of Rs 0.30 per fully paid-up equity share (15% of face value of Rs 2) for FY 2025-26, subject to shareholder approval.
  • Auditor Appointments:
    • Appointed M/s. Shekhar Joshi & Company as Cost Auditors for FY27.
    • Appointed M/s. CVK & Associates as Internal Auditors for FY27.
  • Corporate: The company transitioned its Process Equipment segment to operational status during Q3FY26. The company also completed its IPO during the previous year (FY25).

Result PDF

Industrial Products company JNK India announced Q3FY26 results

  • Revenue: Rs 2,062.3 million against Rs 969.2 million during Q3FY25, change 113%.
  • EBITDA: Rs 295.1 million against Rs 97.5 million during Q3FY25, change 203%.
  • EBITDA Margin: 14.3% for Q3FY26.
  • PBT: Rs 231.9 million against Rs 29 million during Q3FY25, change 700%.
  • PBT Margin: 11.2% for Q3FY26.
  • PAT: Rs 180.2 million against Rs 28.4 million during Q3FY25, change 535%.
  • PAT Margin: 8.7% for Q3FY26.

Arvind Kamath, Chairperson & Whole Time Director, said: “In Q3FY26, JNK India continued to demonstrate strong performance, driven by consistent demand across its key verticals. The company reported Total Revenue of Rs 2,062.3 million, reflecting a year-onyear growth of 112.8% compared to Rs 969.2 million in Q3FY25. Operating Profit for the quarter was Rs 560.2 million, marking an increase of 91.3% YoY, resulting in an operating margin of 27.2%. EBITDA for Q3FY26 reached Rs 295.1 million, reflecting a 202.8% YoY, with a margin of 14.3%. Profit After Tax for the quarter was Rs 180.3 million, reflecting a 534.3% YoY increase, with a PAT margin of 8.7%.

For 9M FY26, JNK India reported Total Revenue of Rs 4,934.1 million, reflecting a year-on-year increase of 67.2%. The Operating Profit amounted to Rs 1,256.6 million, translating into an operating margin of 25.5%. EBITDA for the period reached Rs 590.2 million, with a margin of 12.0%. Profit After Tax (PAT) for 9M FY26 was Rs 321.7 million, representing a year-on-year increase of 89.6%, with a PAT margin of 6.5%. In terms of key efficiency ratios for 9M FY26, ROE and ROCE were 8.3% and 13.6% respectively.

The company’s total order book was Rs 17,611 million, with an order inflow of Rs 11,372 million during the nine months ended December 31, 2025. The order book composition includes approximately 89.6% from heating solutions, 5.3% from process plants, 2.5% from flares, incinerators, and other renewables and 2.7% from special fabricated equipment emerging from the new joint venture. Indian projects make up 96.6% of the total order book, reflecting the company’s consistent strength in the Indian market.

The guidance provided for FY26 remains on track, given our robust performance in Q3FY26. Looking ahead, JNK India remains focused on executing its order book and expanding its presence across key industry segments. With JNK Chemdist commencing its operations and contributing to the consolidated book, JNK India is focused on upcoming technologies/projects in the sustainable fuels and chemicals. The company will continue to focus on the timely execution of its order pipeline and enhancing project management systems to support future scalability and operational excellence.”

Result PDF

Industrial Products company JNK India announced Q2FY26 results

  • Q2FY26 Total Revenue Rs 1,842.1 million; an increase of 71.6% YoY.
  • Q2FY26 EBITDA Rs 223.4 million; with a margin of 12.1%.
  • Q2FY26 PAT Rs 130.2 million; with a margin of 7.1%.

Arvind Kamath, Chairperson & Whole Time Director said: “During Q2FY26, JNK India recorded total revenue of Rs 1,842.1 million, reflecting a year-on-year growth of 71.6%. Operating profit for the quarter was Rs 454.0 million, marking a 34.6% increase YoY, resulting in an operating margin of 24.6%. EBITDA amounted to Rs 223.4 million, with an EBITDA margin of 12.1%, showing a 44.7% YoY growth. Profit After Tax (PAT) reached Rs 130.2 million, reflecting a 68.1% increase YoY, with a PAT margin of 7.1%. For H1FY26, JNK India reported total revenue of Rs 2,871.8 million, with an operating profit of Rs 696.3 million and an operating margin of 24.2%. EBITDA was Rs 295.1 million, with an EBITDA margin of 10.3%. Profit After Tax was Rs 141.5 million, reflecting a 4.9% PAT margin.

During the quarter, JNK India secured a significant order from JNK Global Co., Ltd. for providing design and engineering support for a cracker furnace package at a refinery project in India. This order contributed to the company’s total order book of Rs 18,499 million as of September 30, 2025, reflecting continued strong demand. The order book composition includes approximately 91.7% from heating solutions, 5.5% from process plants, and 2.8% from flares, incinerators, and other renewables. Indian projects account for 96.1% of the total order book, underscoring JNK India’s strong presence in the Indian market.

In addition to securing key contracts, JNK India continued to execute its long-term growth strategy with the formation of JNK Chemdist Technologies Private Limited, a joint venture focused on green hydrogen and sustainable chemical/fuel technologies. This partnership will enable JNK India to expand its presence in the clean energy sector, positioning the company to capitalize on emerging opportunities in sustainable energy. Through this venture, JNK India aims to enhance its capabilities in renewable energy solutions, further diversifying its portfolio and contributing to its broader strategy of long-term growth and market leadership in the green energy space.

Looking ahead, JNK India remains focused on executing its strong order book, with an emphasis on optimizing project delivery and enhancing operational efficiencies. The company is well-positioned to leverage its strategic initiatives, particularly the joint venture with JNK Chemdist Technologies, to capture growth opportunities in the rapidly expanding green hydrogen and clean energy sectors. With a strong pipeline of projects, including key contracts in the refinery and petrochemical sectors, JNK India is set to drive sustained growth. The company will continue to focus on strengthening its market presence, expanding its capabilities, and delivering value through innovation and operational excellence, ensuring long-term growth and success.”

Result PDF

Industrial Products company JNK India announced Q1FY26 results

  • Total Revenue: Rs 1,030 million compared to Rs 908 million during Q1FY25, change 13.5%.
  • EBITDA: Rs 72 million compared to Rs 121 million during Q1FY25, change -41%.
  • EBITDA Margin: 7.0% for Q1FY26.
  • PBT: Rs 20 million compared to Rs 73 million during Q1FY25, change -72.7%.
  • PAT: Rs 11 million compared to Rs 64 million during Q1FY25, change -82.3%.
  • PAT Margin: 1.1% for Q1FY26.

Arvind Kamath, Chairperson & Whole Time Director, said: “During the quarter, JNK India registered a Total Revenue of Rs 1,029.7 million, reflecting a YoY growth of 13.5%. Operating Profit was at Rs 242.3 million, translating to a margin of 23.5% and EBITDA at Rs 71.7 million with a margin of 7.0%, while Profit After Tax was Rs 11.3 million, reflecting a margin of 1.1%. As of June 30, 2025, the Company’s order book was at Rs 9,828 million, comprising 79.4% from heating solutions, 12.8% from process plants, and 7.8% from flares, incinerators and other renewables. As on June 30, 2025, domestic projects contributed 90.9% of the total order book.

The quarter was focused on project execution, ensuring delivery of ongoing assignments across domestic and export markets. Efforts during the period remained directed towards maintaining operational discipline, planning, and coordination to support timely progress. The Company continues to execute engineered-to-order combustion systems across refinery, petrochemical, and fertilizer projects, with delivery activity concentrated in fired heaters, process plants, and verticals such as flares, incinerators, process plants and cracking furnaces. As the year progresses, the Company is focused on advancing execution across this portfolio, enhancing delivery systems, and deepening capabilities in complex process technologies. The strategic direction remains guided by JNK India’s domain expertise, engineering precision, and proven project delivery model.”

Result PDF

Industrial Products company JNK India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • In Q4FY25, Total Revenue was Rs 2,000 million, with an Operating Profit of Rs 442 million, reflecting a margin of 22.1%.
  • EBITDA for the quarter was Rs 276 million, with an EBITDA margin of 13.8%.
  • Profit Before Tax was Rs 221 million, while Profit After Tax was Rs 132 million, with a margin of 6.6%.

FY25 Financial Highlights:

  • For FY25, Total Revenue increased by 2.5% YoY to Rs 4,950 million, compared to Rs 4,830 million in FY24.
  • Operating Profit for the year was Rs 1,424 million, with a margin of 28.8%.
  • EBITDA for FY25 was Rs 649 million, with an EBITDA margin of 13.1%.
  • Profit Before Tax for the fiscal year was Rs 441 million, while Profit After Tax was reported at Rs 302 million, with a margin of 6.1%.
  • ROE for FY25 is 8.6%.
  • ROCE for FY25 is 16.6%
  • The order book as on March 31, 2025 was Rs 10,819 million .
  • The order inflow as on March 31, 2025 was Rs 9,327 million.

Result PDF

Industrial Products company JNK India announced Q3FY25 results

  • Revenue:Total Revenue for Q3FY25 stood at Rs. 969.2 million, witnessing a decline of 19.6% YoY compared to Rs. 1,205.6 million in Q3FY24. Additionally, Total Revenue dropped by 9.7% QoQ from Q2FY25's Rs. 1,073.8 million.
  • Operating Profit:Operating Profit for Q3FY25 was Rs. 292.9 million, registering a drop of 45.6% YoY from Rs. 538.7 million in Q3FY24. A sequential decline of 13.2% was observed compared to Rs. 337.4 million in Q2FY25.
  • Operating Profit Margin for Q3FY25 stood at 30.2%, compared to 44.7% in Q3FY24.
  • EBITDA:EBITDA for Q3FY25 was Rs. 97.5 million, representing a sharp decline of 76.3% YoY from Rs. 410.9 million in Q3FY24. Sequentially, it fell by 36.9% from Rs. 154.4 million in Q2FY25.
  • EBITDA Margin for Q3FY25 narrowed to 10.1%, compared to 34.1% in Q3FY24.
  • Profit Before Tax (PBT): PBT for Q3FY25 stood at Rs. 29.0 million, reflecting a sharp decline of 91.9% YOY compared to Rs. 357.6 million in Q3FY24. This also marked a decrease of 75.5% QoQ from Rs. 118.3 million in Q2FY25.
  • PBT Margin stood at 3.0% in Q3FY25, significantly lower than 29.7% the previous year.
  • Profit After Tax (PAT): PAT for Q3FY25 came in at Rs. 28.4 million, down by 90.5% YoY compared to Rs. 299.0 million in Q3FY24. A sequential decline of 63.3% was also noted from Rs. 77.5 million in Q2FY25.
  • PAT Margin reduced to 2.9% in Q3FY25 from 24.8% in the same period of FY24.

Result PDF

Industrial Products company JNK India announced H1FY25 results

Financial Highlights:

  • Total Revenue for the H1FY25 increased by 47.0% YoY to Rs 1,981 million.
  • Operating profit for H1FY25 reached Rs 690 million, with a margin of 34.8%.
  • PAT for H1FY25 stood at Rs 141 million, with a margin of 7.1%.
  • ROE and ROCE for H1FY25 stood at 8.1% and 9.2% respectively.
  • The order book as of end September’24 stands at Rs 13,116 million and order inflow of Rs 8,782 million for the H1FY25.

Other Highlights:

  • Secured an order from JNK Global Co. Ltd. to supply a fired heater and reformer furnace for KBR-CVR Energy, USA's alkylation regeneration project.
  • Awarded a contract with JNK Global Co. Ltd. for engineering, procurement, construction, and testing services of a combined plant package for Pemex refinery in Dos Bocas, Mexico.
  • Strengthened our domestic presence with a significant order from Hindustan Petroleum Corporation Limited (HPCL) for the installation of an HP-TDAE unit on an LSTK basis at the HPCL Mumbai Refinery.
  • Received an order from Adani-Mundra Petrochem Ltd for the provision of a flare package for their green PVC project in Mundra, Gujarat.

Result PDF

Other Industrial Products company JNK India announced Q1FY25 results:

  • Total Revenue increased by 138.2% YoY to Rs 908 million.
  • Operating profit reached to Rs 352 million, with a margin of 38.8%.
  • Creation of ESOP reserve of Rs 54.6 million under employee benefit expenses, resulting in increase in ‘other equity’.
  • Impressive expansion in order book at Rs 12,461 million in Q1FY25, up from Rs 8,450 million as at 9MFY24. 
  • Order inflow of Rs 7,098 million in a single quarter.. 

 

Result PDF

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