Jayaswal Neco Industries Limited (JNIL) submitted its unaudited financial results for the quarter ended 30th June, 2026 (Q1 FY27) to the National Stock Exchange of India Limited and BSE Limited.

Financial Performance Q1 FY27

Profit and Loss Statement (₹ in crores):

  • Net Sales: ₹2,107 (27.7% increase from Q1 FY26's ₹1,649)
  • Cost of Goods Sold: ₹760 (17.5% increase from Q1 FY26's ₹646)
  • EBITDA: ₹407 (27.5% increase from Q1 FY26's ₹319)
  • EBITDA % to Net Sales: 19% (consistent with Q1 FY26)
  • Finance Cost: ₹66 (45.1% decrease from Q1 FY26's ₹119)
  • Depreciation: ₹77 (2.9% increase from Q1 FY26's ₹75)
  • Profit Before Tax: ₹265 (111.3% increase from Q1 FY26's ₹125)
  • PAT: ₹194 (108.5% increase from Q1 FY26's ₹93)
  • OCI: ₹1 (from Q1 FY26's -₹0.1)
  • Total Comprehensive Income: ₹195 (109.4% increase from Q1 FY26's ₹93)
  • Cash Profit: ₹341 (70.8% increase from Q1 FY26's ₹200)

Quarter-over-Quarter Comparison (Q1 FY27 vs Q4 FY26):

  • Net Sales increased 6.7% from ₹1,974 Cr
  • EBITDA increased 7.1% from ₹380 Cr
  • PAT increased 1.6% from ₹191 Cr

Annual Financial Performance FY26 vs FY25

Profit and Loss Statement (₹ in crores):

  • Net Sales: ₹7,132 (18.9% increase from FY25's ₹6,000)
  • Cost of Goods Sold: ₹2,789 (6.9% increase from FY25's ₹2,609)
  • EBITDA: ₹1,341 (40.8% increase from FY25's ₹952)
  • Finance Cost: ₹426 (24.2% decrease from FY25's ₹562)
  • Depreciation: ₹301 (5.0% increase from FY25's ₹287)
  • Exceptional (Gain)/Loss: ₹10 (from FY25's ₹0)
  • Profit Before Tax: ₹603 (484.7% increase from FY25's ₹103)
  • Profit After Tax: ₹463 (311.3% increase from FY25's ₹113)
  • OCI: ₹3 (from FY25's ₹0)
  • Total Comprehensive Income: ₹466 (315.1% increase from FY25's ₹112)
  • Cash Profit (After exceptional item): ₹907 (133.0% increase from FY25's ₹389)
  • Cash Profit (Before exceptional item): ₹917 (135.6% increase from FY25's ₹389)

Balance Sheet (₹ in crores):

  • Net Block of Fixed Asset: ₹3,321 (5.4% decrease from FY25's ₹3,512)
  • Secured Debt Outstanding: ₹2,118 (22.2% decrease from FY25's ₹2,721)
  • Current Assets: ₹2,379 (16.2% increase from FY25's ₹2,048)
  • Current Liabilities: ₹932 (49.2% increase from FY25's ₹624)
  • Net Working Capital Margin: ₹668 (40.2% decrease from FY25's ₹1,118)
  • Net Worth: ₹2,841 (19.6% increase from FY25's ₹2,376)
  • Tangible Net Worth: ₹2,776 (20.1% increase from FY25's ₹2,312)
  • Cash and Bank Balances: ₹126 (19.1% decrease from FY25's ₹156)

Key Financial Ratios FY26:

  • EBITDA to Net Sales: 18.80%
  • TCI to Net Sales: 6.53%
  • Fixed Asset Coverage: 1.57
  • Current Ratio: 1.39
  • Total Outside Liabilities to Tangible Net Worth: 1.13
  • Total Debt/Equity: 0.78
  • Total Secured Debt/EBITDA: 1.55

Operational Performance

Production Metrics Q1 FY27:

  • Rolled Product: 1,82,415 MT
  • Billets: 1,94,443 MT
  • Hot Metal: 2,24,132 MT
  • Sponge Iron (DRI): 71,598 MT
  • Pellets: 3,53,997 MT
  • Iron & Steel Castings: 11,041 MT

Sales Metrics Q1 FY27:

  • Rolled Product: 1,81,419 MT
  • Billets: 73 MT
  • Pig Iron: 57,452 MT
  • Sponge Iron (DRI): 43,495 MT
  • Pellets: 2,51,823 MT
  • Iron & Steel Castings: 11,168 MT

Annual Production FY26:

  • Blast Furnace: 8,57,600 MT
  • DRI Plants: 3,01,136 MT
  • Steel Melt Shops: 7,42,274 MT
  • Rolling Mills: 7,07,363 MT
  • Coke Oven: 1,86,108 MT
  • Pellet Plant: 13,69,506 MT

Capacity Enhancements 2026

  • Blast Furnace production capacity enhanced from 0.75 MnTPA to 1.00 MnTPA
  • DRI units (350+500 TPD) production capacity enhanced from 0.27 MnTPA to 0.35 MnTPA
  • Chhotedongar Iron Ore Mine production capacity enhanced from 2.95 MnTPA to 6.00 MnTPA

Mining Operations

  • Chhotedongar Mine: 192 hectares, annual capacity 6 MnTPA
  • Metabodeli Mine: 25 hectares, annual capacity 1.0 MnTPA
  • Dhobitola & Manegaon Mines: Titaniferous iron ore, capacities 7,500 TPA and 20,000 TPA respectively
  • Manpur Limestone Mine: Estimated reserves of 34.2 lakh tonnes

New Project Initiatives

  • Setting up of 1.50 MnTPA Straight-Grate Pellet Plant with 2.0 MnTPA Iron Ore Wet Grinding System
  • Total budgeted project cost: ₹720 Cr
  • 104 MWAC Group Captive Solar Power Project
  • Financial closure in process

ESG Initiatives

  • CSR Expenditure: ₹11.59 Cr+ with 4.09 L+ beneficiaries
  • Environmental Sustainability & Rural Development: ₹7.42 Cr invested
  • 6,48,500+ trees planted
  • Hazardous Waste: 39.37 MT disposed
  • Fresh Water Consumption: ~5.5% reduction achieved
  • Workforce: 10,015 people, 93% retention