Pursuant to regulation 30 of SEBI (LODR) Regulations, 2015 enclosing herewith transcript of Q3 and 9MFY26 earnings call held on Tuesday, February 10, 2026 at 1:30 PM
JNKINDIA · price
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JNK India reported strong Q3 FY26 results with total revenue of Rs. 2,062.3 million, up 112.8% YoY, driven by the shift to input-based accounting from the older output method. EBITDA grew 202.8% YoY to Rs. 295.1 million (14.3% margin), and profit after tax jumped 534.1% YoY to Rs. 180.2 million. The company has a healthy opening order book of Rs. 1,700+ crores as of January 1, 2026, with Rs. 400-600 crores more expected from the BPCL Bina refinery project over the next two quarters. Major upcoming opportunities include the Dangote refinery expansion (potentially $280+ million in fired heaters plus four fertilizer reformer packages), a Middle East order of Rs. 200-250 crores, and two domestic/export orders of Rs. 200-250 crores each expected to finalize within 2-3 months. The Chemdist green hydrogen JV contributed Rs. 23 crores in its first quarter and has an order book of Rs. 100+ crores. Management is maintaining its FY26 growth guidance of around 40% and EBITDA margin guidance of 13-14%, viewing current margins as sustainable.
Strong quarter with triple-digit revenue and profit growth, a robust order book, and a visible pipeline (Dangote, BPCL Bina, Middle East) support a positive outlook. Existing margins are being treated as the new normal, and a healthy book-to-bill ratio of 2-2.5x provides multi-year revenue visibility for shareholders.