Management Commentary
Mr. Arvind Kamath, Chairperson and Whole Time Director, provided commentary on the quarter's performance. He stated that the company started FY27 strongly, with Total Income growing by 80.6% YoY to ₹186.0 crore in Q1FY27 from ₹103.0 crore in Q1FY26. EBITDA including other income grew by 3.1x YoY to ₹21.9 crore, and PAT grew by 8.5x YoY to ₹9.6 crore. The EBITDA margin was maintained at 11.8% for the quarter. The strong performance was attributed to healthy project execution and business traction.
The order book as of June 30, 2026, stood at ₹1,801 crore. The company's bidding pipeline is approximately ₹6,000 crore, with a 50:50 split between domestic and international markets. The company is diversifying into new sectors, including offshore, metals & minerals, and renewable energy. The subsidiary, JNK Chemdist Limited, is executing a green hydrogen project and pursuing more opportunities in the renewable energy segment.
Order Cancellation Update
A large export order received on June 8, 2026, was cancelled solely due to the inability to secure the requisite technical approval from the licensor. This was an isolated incident with no material costs incurred and no execution having commenced.
Financial Highlights (Consolidated)
Profit & Loss Statement (₹ crore)
| Particulars | Q1FY27 | Q1FY26 | YoY Change | Q4FY26 | FY26 |
| Total Income | 186.0 | 103.0 | 80.6% | 344.6 | 838.0 |
| Gross Profit | 50.1 | 24.2 | 106.7% | 86.6 | 212.3 |
| Gross Profit Margin | 26.9% | 23.5% | | 25.1% | 25.3% |
| EBITDA (Includes Other Income) | 21.9 | 7.2 | 3.1x | 52.3 | 111.3 |
| EBITDA Margin | 11.8% | 7.0% | | 15.2% | 13.3% |
| Profit After Tax | 9.6 | 1.1 | 8.5x | 33.0 | 64.8 |
| Profit After Tax Margin | 5.2% | 1.1% | | 9.6% | 7.7% |
| Basic EPS (in ₹) | 2.05 | 0.20 | | 5.84 | 11.61 |
Note: Q1FY27 Total Income includes Revenue of ₹16.5 crore from JNK Chemdist Limited, which was not part of the company in Q1FY26. Financial information for previous periods has been regrouped/reclassified for comparability.
Financial Highlights (Standalone)
Profit & Loss Statement (₹ crore)
| Particulars | Q1FY27 | Q1FY26 | YoY Change | Q4FY26 | FY26 |
| Total Income | 170.1 | 102.7 | 65.7% | 305.5 | 775.4 |
| Profit After Tax | 13.5 | 1.2 | 11.6x | 31.7 | 64.9 |
| Profit After Tax Margin | 8.0% | 1.1% | | 10.4% | 8.4% |
| Basic EPS (in ₹) | 2.42 | 0.21 | | 5.66 | 11.59 |
Business Overview
The company is an engineering firm providing high-performance combustion equipment and technology-based solutions. Its product portfolio includes Process Fired Heaters, Reformers, Cracking Furnaces, Flare Systems, Incinerators, and Renewable Energy Systems. It serves end-use industries such as Refining, Petrochemicals, Fertilizers, Steel, and Hydrogen.