Enclosed herewith Audited Financials Results (Standalone & Consolidated) for the quarter and financial year ended March 31,2025.
JNKINDIA · price
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JNK India, a manufacturer of fired heaters and related combustion engineering products, reported FY25 consolidated revenue from operations of ₹4,766.45 crore vs ₹4,804.59 crore in FY24, broadly flat year-on-year. However, profitability fell sharply: consolidated profit before tax dropped to ₹440.62 crore from ₹888.97 crore (about 50% decline), and consolidated PAT fell to ₹302.04 crore from ₹626.49 crore (about 52% decline). Q4 FY25 alone saw revenue decline roughly 16% YoY. Operating cash flow turned deeply negative at -₹653.76 crore (consolidated) versus -₹95.99 crore last year, driven by a sharp rise in trade receivables and inventory build-up. The auditor (P G Bhagwat LLP) issued an unmodified opinion on both standalone and consolidated results.
Sharp margin compression and negative operating cash flow despite stable top-line are negative signals for shareholders, suggesting working-capital stress and weaker pricing/project mix. On the positive side, the board has recommended a 15% final dividend (₹0.30 per share), allotted ESOP shares, and made several governance appointments, which provide some stability but do not offset the earnings decline.