Jayaswal Neco Industries (522285) Q1 26/27 earnings summary

Executive summary

• Q1FY27 net sales rose 27.7% YoY to ₹2,107 crore; EBITDA increased 27.5% to ₹407 crore and PAT rose 108.5% to ₹194 crore.

• Steel led segment revenue and results; a legal dispute over provisional property attachments remains a notable uncertainty.

Financial highlights

• Revenue from operations was ₹210,656 lakh, versus ₹164,935 lakh YoY; total income was ₹211,830 lakh.

• Profit before tax was ₹26,497 lakh, versus ₹12,539 lakh YoY; net profit was ₹19,392 lakh, versus ₹9,302 lakh.

• Finance costs were ₹6,553 lakh, down from ₹11,938 lakh YoY; cash profit was ₹341 crore, up 70.8% YoY.

• Basic and diluted EPS after exceptional items were each ₹2.00, versus ₹0.96 YoY.

Outlook and guidance

• A 1.50 MnTPA straight-grate pellet plant and 2.0 MnTPA iron ore wet-grinding system are planned at Raipur; budgeted cost is ₹720 crore, with financial closure in process.

• A 104 MWAC group-captive solar power procurement is planned through a ₹40.97 crore investment in third-party-promoted SPVs; definitive documentation is in process.

• Mid-term priorities include lower steel-production costs, steelmaking capacity enhancement, high-value grades, improved credit ratings and implementation of the pellet project.