JNK India (JNKINDIA) Q1 24/25 earnings summary

Executive summary

• Q1FY25 total revenue was INR 908m, up 138.3% YoY; consolidated revenue from operations was INR 879.94m.

• Order book reached INR 12,461m, with significant wins from Reliance Industries and Indian Oil Corporation.

• Expanded in domestic and select international markets, with a focus on green hydrogen and renewable energy.

• IPO raised INR 6,490m to strengthen working capital and support execution of the order book.

Financial highlights

• Consolidated revenue from operations was INR 879.94m vs INR 367.16m in Q1FY24; standalone revenue was INR 879.09m vs INR 366.75m.

• Consolidated net profit was INR 63.75m vs INR 39.21m; standalone net profit was INR 65.17m vs INR 29.38m.

• Operating profit was INR 352m (38.8% margin); EBITDA was INR 121m (13.4% margin).

• Operating expenses rose 281.1% YoY, mainly due to higher employee and ESOP expenses.

• Consolidated EPS was INR 1.33 basic and INR 1.32 diluted; standalone EPS was INR 1.36 basic and INR 1.35 diluted.

Outlook and guidance

• Revenue growth outlook supported by new business momentum and an expanding order pipeline.

• Investment in green hydrogen refuelling stations and renewable energy systems for future growth.

• Plans for geographic expansion into Europe, the Middle East and Africa.