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%.

• 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 six months.

• Audited standalone and consolidated financial results for FY 2026 were approved, with unmodified audit opinions from statutory auditors.

Financial highlights

• Q4 FY 2026 operating margin expanded by 162 bps to 25.1%; EBITDA margin improved by 165 bps to 15.2%.

• FY 2026 EBITDA was INR 111.3 crore, up 71.6%, with margin at 13.3%; PAT margin expanded by 163 bps to 7.7%.

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

• EPS for FY 2026 was INR 11.61, more than doubling from the previous year.

• Standalone revenue from operations for FY 2026 was INR 7,556.11 million, up from INR 4,732.94 million year-over-year.

Outlook and guidance

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

• Margin guidance for FY 2027 is 14%-15% EBITDA, reflecting sustainable levels post-legacy order completion.

• Positioned to capture opportunities in both traditional and sustainable energy sectors domestically and internationally.

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

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