JNK India Limited, a leading provider of heating equipment solutions, has reported a robust performance for the second quarter of fiscal year 2026, with significant growth in revenue and a major order win that strengthens its market position.

Financial Highlights

JNK India achieved a total revenue of Rs. 1,842.1 million in Q2 FY26, representing a substantial year-on-year growth of 71.6%. This strong performance was primarily driven by the heating equipment segment, which contributed 80.3% of the total revenue.

The company's operating profit for Q2 FY26 stood at Rs. 454 million, showing a 34.6% year-on-year increase with an operating margin of 24.6%. EBITDA for the quarter reached Rs. 223.4 million, reflecting a 44.7% year-on-year increase and an EBITDA margin of 12.1%, up from 7% in Q1 FY26.

Ultra-Mega Order Win

JNK India secured an ultra-mega order worth Rs. 1,050 crores from JNK Global Company Limited for a petrochemical project in India. This order, the largest single order win for JNK India to date, involves providing design, engineering, supply, and construction for a cracking furnace package.

Order Book and Future Outlook

The company's order book has expanded to Rs. 18,499 million as of September 30, 2025, providing strong revenue visibility for future quarters. This robust order book, coupled with the recent ultra-mega order, positions JNK India favorably in the critical combustion equipment and petrochemical sectors.

Strategic Joint Venture

JNK India has formed a joint venture, JNK Chemdist Technologies Private Limited, with the founders of Chemdist Group. This strategic move aims to focus on green hydrogen technology and sustainable chemical and fuel solutions, potentially contributing 10% to 15% to the company's top line in the coming years.

Management Commentary

Arvind Kamath, Chairperson and Whole-Time Director of JNK India, commented on the results, stating, "Q2 FY26 has been a resilient quarter for JNK India with significant improvement in both revenue and EBITDA. The ultra-mega order win strengthens our position in the critical combustion equipment and the upcoming petrochemical sector, which continue to experience strong growth driven by both Indian demand and infrastructure expansion."

Looking ahead, JNK India remains focused on executing its order book efficiently while leveraging opportunities in the green hydrogen sector. The company's management expressed confidence in maintaining its conventional margins and driving sustained growth through innovation and operational excellence.

With a strong pipeline of projects in refinery, petrochemical, fertilizer, and green energy sectors, JNK India is well-positioned to capitalize on both traditional and emerging market opportunities, ensuring long-term growth and success in the engineering solutions industry.

JNK India Limited, a leading combustion equipment manufacturer, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth and operational efficiency.

Financial Highlights

JNK India posted impressive numbers for Q2 FY26:

• Revenue from operations surged to ₹1,783.13 crore, marking an 80% increase from ₹988.25 crore in the previous quarter.
• Net profit rose to ₹135.80 crore, up from ₹11.69 crore in Q1 FY26.
• Total income for the quarter reached ₹1,841.16 crore, compared to ₹1,027.09 crore in Q1 FY26.

Half-Year Performance

The company's performance for the first half of FY26 also showed substantial improvement:

• H1 FY26 revenue reached ₹2,771.38 crore, up from ₹1,906.84 crore in the corresponding period last year.
• Net profit for H1 FY26 stood at ₹147.49 crore, compared to ₹139.68 crore in H1 FY25.

Operational Highlights

JNK India's operational efficiency was evident in its Q2 FY26 results:

• Operating profit margin was 24.6%, although slightly down from 31.4% in the same quarter last year.
• EBITDA margin stood at 12.1%, compared to 14.4% in Q2 FY25.

Order Book and Business Outlook

The company reported a robust expansion in its order book:

• The order book grew to ₹18,499 crore in H1 FY26, up from ₹13,116 crore in H1 FY25.
• JNK India secured its single largest 'Ultra mega' order since inception.

Product-wise Revenue Share

For Q2 FY26, the revenue share was distributed as follows:

Management Commentary

Mr. Arvind Kamath, Chairperson and Whole Time Director of JNK India, commented on the performance: "During Q2 FY26, JNK India recorded total revenue of Rs. 1,842.1 million, reflecting a year-on-year growth of 71.6%. The company's strong performance is underpinned by our continued focus on executing our strong order book and enhancing operational efficiencies."

He further added, "Looking ahead, JNK India remains well-positioned to leverage its strategic initiatives, particularly our joint venture with JNK Chemdist Technologies, to capture growth opportunities in the rapidly expanding green hydrogen and clean energy sectors."

Future Outlook

JNK India appears poised for continued growth, with a focus on:

1. Executing its strong order book
2. Optimizing project delivery
3. Enhancing operational efficiencies
4. Expanding capabilities in renewable energy solutions

The company's recent formation of JNK Chemdist Technologies Private Limited, a joint venture focused on green hydrogen and sustainable chemical/fuel technologies, positions it to capitalize on emerging opportunities in the clean energy sector.

As JNK India continues to strengthen its market presence and expand its capabilities, it aims to drive sustained growth through innovation and operational excellence in the combustion equipment and clean energy sectors.