Jayaswal Neco Industries (522285) Q4 25/26 earnings summary

Executive summary

• FY26 revenue from operations was ₹713,182 lakh versus ₹599,973 lakh in FY25; net profit rose to ₹46,311 lakh from ₹11,268 lakh.

• FY26 EBITDA rose 40.8% to ₹1,341 crore; secured debt fell 22.2% YoY to ₹2,117.92 crore after refinancing.

• Proposed ₹200 crore preferential warrant issue to Vibrant Enterprises would fund a pellet plant and steel plant upgrades, subject to approvals.

• Statutory auditors issued an unmodified opinion, with attention drawn to continuing property-attachment proceedings.

Financial highlights

• Q4FY26 revenue from operations was ₹197,424 lakh versus ₹167,527 lakh; net profit was ₹19,087 lakh versus ₹10,164 lakh.

• Q4FY26 EBITDA was ₹380 crore, up 10.5% YoY; finance cost was ₹69 crore versus ₹134 crore YoY.

• FY26 EBITDA was ₹1,341 crore versus ₹952 crore; finance costs were ₹42,622 lakh versus ₹56,238 lakh, and PBT was ₹60,345 lakh versus ₹10,320 lakh.

• FY26 total comprehensive income was ₹46,579 lakh versus ₹11,228 lakh; basic EPS was ₹4.77 versus ₹1.16.

• FY26 included an estimated one-time ₹1,004 lakh Labour Codes charge as an exceptional item; accounting may be updated as rules and clarifications emerge.

Segment performance

• FY26 Steel segment revenue was ₹664,301 lakh versus ₹547,741 lakh; segment result was ₹104,262 lakh versus ₹67,699 lakh.

• FY26 Iron & Steel Castings revenue was ₹52,043 lakh versus ₹55,850 lakh; segment result was ₹1,056 lakh versus ₹986 lakh.

• FY26 record output included 857,600 MT of blast furnace hot metal, 742,274 MT of steel melt shop production and 707,363 MT of rolled products.

• FY26 record pellet production was 1,369,506 MT; DRI output was 301,136 MT, Chhotedongar mine production 2,723,563 MT and Metabodeli production 999,848 MT.

• FY26 rolled product sales were 687,864 MT versus 515,429 MT; pellet sales were 853,347 MT versus 909,980 MT.