Jayaswal Neco Industries Limited has informed the Exchange regarding a press release dated April 24, 2026, titled "Press Release on Financial Results for the FY ended 31 March 2026".
JAYNECOIND · price
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Jayaswal Neco Industries (JNIL) reported strong FY26 results with net sales rising 18.9% to ₹7,132 crore and EBITDA jumping 40.8% to ₹1,341 crore. PAT surged 311.3% to ₹463 crore versus ₹113 crore in FY25, driven by higher production volumes post-blast furnace upgradation and reduced finance costs. The company achieved multiple production records across its steel plant, including 29% growth in blast furnace output to 8.57 lakh MT and 32% increase in iron ore mining from captive Chhotedongar mines to 27.2 lakh MT. Secured debt was reduced by 22.2% to ₹2,118 crore, while the debt-to-equity ratio improved significantly from 1.16 to 0.78. Market capitalisation stood at ₹7,002 crore as of March 31, 2026.
The company demonstrated operational excellence with record production across key segments and substantial debt reduction, indicating improved financial health and profitability. Strong free cash flow of ₹1,367 crore from operations supports deleveraging and shareholder returns.