Jayaswal Neco Industries Q2 FY27 Results: Standalone Net Profit ₹230 Crore on Total Income of ₹2,201 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Profit more than doubled on a quarter more revenue, and lower interest was about a third of the gain. Revenue from operations rose 23.2% to ₹2,194.46 crore and net profit 118.6% to ₹229.81 crore, a margin of 10.44% against 5.89%. Finance costs fell 45.2% to ₹61.57 crore, a ₹50.75 crore saving (derived) that is about 31% of the ₹165 crore rise in profit before tax (derived). Depreciation was steady at ₹77.57 crore, and tax took 25.3% of profit before tax.

The rest comes from the operating margin. Segment revenue and results show the steel and castings business earning higher results than a year earlier, but the scanned segment table is partly unreadable and the cause is not stated. Against June revenue rose 4.2% and profit 18.5% from ₹193.92 crore. Earnings per share were ₹2.37 against ₹1.08.

The auditors draw attention, without modifying their conclusion, to Note 2: the Directorate of Enforcement had provisionally attached properties of the company worth ₹307.58 crore. The Appellate Tribunal set aside the attachments, the CBI Court discharged the company under the PMLA, the Supreme Court sent the ED's challenge to the Delhi High Court, and the company's application for release of the frozen assets stays pending until the High Court decides the revision petition.

Inference

Jayaswal Neco's profit rose about 2.2 times because revenue grew a quarter, interest cost fell nearly in half and the margin widened.

The properties attached by the ED remain in dispute, and the filing says the matter is pending before the Delhi High Court, so the outcome is not known.

Reference: Original filing (PDF)