JNK India (JNKINDIA) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 revenue reached INR 2,062.3 million, up 112.8% year-over-year, with PAT of INR 180.3 million, and robust performance across all key verticals.

• For 9M FY26, total revenue was INR 4,934.1 million and PAT INR 321.7 million, both showing strong year-over-year growth.

• Order book stood at INR 17,611 million as of December 31, 2025, with major focus on heating solutions and Indian projects.

• Strategic focus on green hydrogen, sustainable fuels, and chemicals, supported by policy incentives and joint ventures with Chemyst and Chemdist Groups.

• IPO completed in FY25, with shares listed on NSE and BSE from April 30, 2024.

Financial highlights

• Q3 FY26 operating profit was INR 560.2 million (27.2% margin), EBITDA INR 295.1 million (14.3% margin), and PAT INR 180.2 million (8.7% margin), all up significantly year-over-year.

• 9M FY26 EBITDA was INR 590.2 million (12.0% margin), and PAT INR 321.7 million (6.5% margin).

• Impact of New Labour Codes recognized at INR 9.26 million for Q3 and 9M FY26.

• Subsidiary contributed INR 23 crore revenue in Q3; order book at INR 100 crore.

• Finance costs for 9M FY26 were INR 105.3 million, down 4.2% year-over-year.

Outlook and guidance

• FY26 revenue growth guidance of 40% reaffirmed, with margin guidance at 13%-14% EBITDA.

• Majority of BPCL Bina order revenue to be booked in FY27; Q4 FY26 will see minimal contribution.

• Expectation of new order finalizations in the next quarter, including large domestic and Middle East projects.

• Emphasis on timely execution and enhancing project management systems for scalability.

• Segment reporting introduced for the first time, reflecting operationalization of the Process Equipment segment.