Jayaswal Neco Industries Limited has informed the Exchange regarding Board meeting held on July 18, 2025.
JAYNECOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the 52nd AGM scheduled for September 10, 2025 via video conferencing. Revenue from operations rose to ₹1,649.35 crore, up about 14.7% from ₹1,437.56 crore in the same quarter last year. The company swung from a loss of ₹31.68 crore in Q1 FY25 to a profit of ₹93.02 crore in Q1 FY26, with EPS improving from ₹(0.33) to ₹0.96. Steel segment remains the key driver, contributing ₹1,516 crore of revenue. Finance costs declined to ₹119.38 crore from ₹143.50 crore, helping profitability. The auditor flagged an Emphasis of Matter regarding ongoing ED attachment proceedings on company properties worth ₹307.58 crore related to an old coal block allocation case.
Sharp turnaround in profitability is a positive signal for shareholders, with the company returning to profit after a loss in the year-ago quarter. However, the unresolved ED attachment matter remains an overhang worth watching as it is still before the Supreme Court.