JNK India Limited (NSE: JNKINDIA, BSE: 544167) reported strong growth in revenue and profit for the quarter ended Dec. 31, 2025, supported by higher order execution across heating solutions and process plants, according to the company’s Q3 and 9M FY26 earnings presentation.
Q3 FY26 financial performance
Total revenue for the third quarter rose to ₹2,062.3 million, more than doubling from ₹969.2 million a year earlier. The increase reflected strong execution across core verticals, particularly heating equipment and process plant projects.
Operating profit increased 91.3% year on year to ₹560.2 million, with the operating margin at 27.2%. EBITDA rose to ₹295.1 million, up more than threefold from the prior-year quarter, with the EBITDA margin improving to 14.3%.
Profit after tax for the quarter reached ₹180.2 million, compared with ₹28.4 million a year earlier. The PAT margin improved to 8.7%. Excluding the impact of new labour codes, adjusted PAT for the quarter would have been higher, the company said. Sequentially, revenue increased from ₹1,842.1 million in Q2 FY26, while EBITDA and PAT also rose quarter on quarter, reflecting improved operating leverage.
Nine-month FY26 performance
For the nine months ended Dec. 31, 2025, total revenue rose 67.2% year on year to ₹4,934.1 million. Operating profit stood at ₹1,256.6 million, with an operating margin of 25.5%. EBITDA for the nine-month period increased to ₹590.2 million, with an EBITDA margin of 12.0%. Profit after tax rose 89.6% to ₹321.7 million, reflecting higher project execution and improved profitability. Return on equity was 8.3% and return on capital employed was 13.6% for the period.
Order book and revenue mix
The company’s order book stood at ₹17,611 million as of Dec. 31, 2025, up from ₹12,269 million a year earlier, providing revenue visibility for the coming quarters. Order inflows during the nine-month period were ₹11,372 million, compared with ₹8,848 million in the prior-year period.
Heating equipment accounted for about 89.6% of the order book, followed by process plants at 5.3%, flares and incinerators at 2.5%, and special fabricated equipment at 2.7%. Domestic projects comprised 96.6% of the order book, with exports accounting for the balance.
On a revenue basis in Q3 FY26, heating equipment contributed 59.6%, while process plants accounted for 26.6%. Petrochemicals remained the largest end-user segment, contributing 62.7% of quarterly revenue.
Business developments
During the period, JNK India continued to expand capabilities in sustainable fuels and chemicals through its joint venture, JNK Chemdist Technologies, which focuses on green hydrogen, ethanol-to-chemicals and low-opex hydrogen production technologies. The venture is aimed at scaling patented processes and expanding the company’s engineered equipment offerings for chemical and pharmaceutical clients.
The company operates fabrication facilities in Mundra, Gujarat, with installed capacity of 5,000 metric tonnes and proximity to a deep-draft port to support export-oriented modular fabrication.
Outlook
Management said the company’s FY26 guidance remains on track, supported by a robust order book and strong execution momentum. The focus remains on timely project delivery, strengthening project management systems and scaling new technology-led offerings in sustainable fuels and chemicals.
Summary
JNK India delivered strong growth in Q3 FY26, with revenue more than doubling and margins improving on higher execution and operating leverage. A growing order book and rising inflows provide visibility for the near term, while expansion into sustainable technologies through its joint venture is expected to support medium-term growth.