JNK India (JNKINDIA) Q4 25/26 earnings summary

Executive summary

• FY 2026 revenue rose 68% year-over-year to INR 838 crore, with Q4 revenue at INR 344.6 crore, up 69.2%; operating profit for Q4 was INR 86.6 crore, up 80.9%.

• PAT for FY 2026 was INR 64.8 crore, up 114.6%, with PAT margin at 7.7%; Q4 PAT was INR 33 crore, up 149.5%, with margin at 9.6%.

• Order inflows for FY 2026 were INR 1,694.4 crore, with total order book at INR 1,961.4 crore as of March 31, 2026.

• Strategic JV in green hydrogen and sustainable technologies contributed 7% to group revenue in its first year.

• Audited standalone and consolidated results for FY 2026 were approved, with a final dividend of Rs. 0.30 per share recommended.

Financial highlights

• FY 2026 EBITDA was INR 111.3 crore, up 71.6%, with margin at 13.3%; Q4 EBITDA was INR 52.3 crore, up 89.9%.

• Operating margin for FY 2026 was 25.3%; Q4 operating margin was 25.1%, with EBITDA margin at 15.2%.

• EPS for FY 2026 was INR 11.61, more than doubling year-over-year.

• Standalone and consolidated net profit for FY 2026 exceeded INR 648 million, more than doubling year-over-year.

• Return on equity rose to 12.1%, and return on capital employed to 19.1% in FY 2026.

Outlook and guidance

• Revenue growth of 25%-30% expected in FY 2027, driven by robust project pipeline and expansion in refining, petrochemicals, fertilizers, and renewables.

• EBITDA margin guidance maintained at 14%-15% for FY 2027, reflecting sustainable profitability.

• Order inflow conversion rate expected at 25%-30% of bid pipeline, targeting INR 1,300-1,500 crore in new orders.

• Chemdist JV expected to contribute 10%-15% of revenue in coming years.

• Focus on delivering complex, high-value projects and strengthening leadership across key verticals.