JNK India Q2 FY27 Results: Consolidated Net Profit ₹13.28 Crore on Total Income of ₹193 Crore
- Earnings
- Industrial equipment (fired heaters and process equipment)
Reviewed byRachit TripathiBlacklitt Research
JNK India (NSE: JNKINDIA) reported consolidated total income of ₹192.60 crore and consolidated net profit of ₹13.28 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹180.71 crore and standalone net profit ₹13.03 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹192.60 crore, up 3.5% QoQ; the year-earlier figure is not shown in the tables
- Net profit: ₹13.28 crore, up 37.9% QoQ; attributable to owners ₹13.21 crore
- EPS: ₹2.36 basic, not annualised, same as the year-earlier quarter
- Finance costs: ₹4.89 crore, up 72.3% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹180.71 crore, down 1.9% YoY and up 6.2% QoQ
- Net profit: ₹13.03 crore, down 4.1% YoY and 3.8% QoQ
- EPS: ₹2.33 basic, not annualised, against ₹2.43 a year earlier
- Finance costs: ₹4.04 crore, up 42.9% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 192.60 | n/a | n/a | 186.00 | +3.5% | |
| Revenue from operations | 184.03 | 178.38 | +3.2% | 179.96 | +2.3% |
| Other income | 8.57 | 5.83 | +46.9% | 6.04 | +41.9% |
| 13.28 | n/a | n/a | 9.63 | +37.9% | |
| Profit before tax | 17.45 | n/a | n/a | 14.63 | +19.2% |
| Finance costs | 4.89 | 2.84 | +72.3% | 4.44 | +10.2% |
| Depreciation | 3.52 | 1.69 | +108.2% | 2.87 | +22.6% |
| EPS, basic (₹) | 2.36 | 2.36 | 0.0% | 2.05 | +15.1% |
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.
Consolidated net profit rose faster than income in the quarter. Net profit of ₹13.28 crore was up 37.9% on the previous quarter, while total income rose 3.5%. Other income of ₹8.57 crore is 49.1% of profit before tax of ₹17.45 crore, so other income makes up a large share of pre-tax profit this quarter. The filing does not describe the sources of that other income.
Costs grew faster than revenue against the year-earlier quarter. Revenue from operations rose 3.2% to ₹184.03 crore, while finance costs rose 72.3% to ₹4.89 crore and depreciation rose 108.2% to ₹3.52 crore. The consolidated results include acquisition accounting for the Chemdist group assets, with 1 Oct 2025 as the acquisition date, and the company says quarter figures are not comparable with the year-earlier quarter to the extent of that accounting.
The filing reports two segments for the consolidated results. Combustion Equipment revenue was ₹1,723.74 million and Process Equipment revenue was ₹116.55 million for the quarter, the latter from JNK Chemdist Technologies Private Limited, which became operational in the year ended 31 Mar 2026. The consolidated results also show profit attributable to non-controlling interest of ₹0.64 million, against a loss of ₹18.42 million in the previous quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 180.71 | 184.12 | -1.9% | 170.14 | +6.2% | |
| Revenue from operations | 171.74 | 178.31 | -3.7% | 163.55 | +5.0% |
| Other income | 8.97 | n/a | n/a | 6.59 | +36.1% |
| 13.03 | 13.58 | -4.1% | 13.55 | -3.8% | |
| Profit before tax | 17.24 | 18.37 | -6.2% | 18.54 | -7.0% |
| Finance costs | 4.04 | 2.83 | +42.9% | 3.40 | +18.9% |
| Depreciation | 2.42 | 1.69 | +43.6% | 1.84 | +31.8% |
| Tax expense | 4.21 | 4.79 | -12.1% | 5.00 | -15.8% |
| Net profit margin | 7.21% | 7.38% | -0.17 pp | 7.96% | -0.75 pp |
| EPS, basic (₹) | 2.33 | 2.43 | -4.1% | 2.42 | -3.7% |
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.
Standalone profit fell while income rose on the previous quarter. Net profit of ₹13.03 crore was down 4.1% on the year-earlier quarter and 3.8% on the previous quarter, while total income rose 6.2% on the previous quarter. Other income of ₹8.97 crore is 52.0% of standalone profit before tax of ₹17.24 crore.
Standalone tax expense of ₹4.21 crore is 24.4% of profit before tax, down 12.1% from ₹4.79 crore a year earlier. Net profit margin was 7.21%, against 7.38% a year earlier and 7.96% in the previous quarter.
The standalone results note that the New Labour Codes added an impact of ₹92 lakh under Employee Benefit Expenses for the year ended 31 Mar 2026, arising from a change in the definition of wages and recognition of past service costs.
JNK India's main activity is the design, engineering, manufacture and commissioning of fired heaters and related combustible engineering products. The company completed its IPO in the year ended 31 Mar 2025 at ₹415 per share and says it has fully utilised the IPO funds. Its market value is ₹2,213 crore at the 05 Nov 2026 close of ₹395.50 a share.
The company's latest quarter before this one is Q1 FY27, which reported consolidated net profit of ₹9.63 crore. The filing also notes that the Chemdist subsidiary's acquisition accounting affects comparability with the year-earlier quarter.
Inference
The board approved the results on 5 Nov 2026, and the statutory auditors P G Bhagwat LLP issued a limited review report on both sets of results with no modification of their conclusion. The auditors did not review two subsidiaries and relied on other auditors' reports for them.
The filing records the resignation of Interim Chief Financial Officer Anand Agarwal with effect from close of business on 5 Nov 2026, and the appointment of Praveen Sood as Chief Financial Officer with effect from 12 Nov 2026. Sood has 37 years of experience according to the filing. The filing does not give the reason for the resignation beyond pursuing other professional opportunities.
The filing does not explain the sharp rise in consolidated finance costs and depreciation against the year-earlier quarter, or whether the New Labour Codes impact will be recognised in later quarters.
Filed with NSE on . Reference: Original filing (PDF)
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