Jayaswal Neco Q1 FY27 Net Profit Surges 108.5% YoY to ₹193.92 Crore; Revenues Up 27.7%

Iron and steel castings manufacturer Jayaswal Neco Industries Limited (NSE: JAYNECOIND; BSE: 531322) today announced its standalone unaudited financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The company delivered a phenomenal performance with more than a two-fold rise in its net profits alongside structural volume-driven expansions in its revenue streams.

For the quarter ended June 30, 2026, the company's net profit surged by 108.5% year-on-year to ₹19,392 lakh (₹193.92 crore), up from ₹9,302 lakh recorded in the corresponding first quarter of the prior fiscal year (Q1 FY26). On a sequential basis, net profit sustained upward momentum, scaling past the ₹19,087 lakh posted in the preceding quarter ended March 31, 2026 (Q4 FY26).

Top-Line Momentum Crosses ₹2,100 Crore

Sustained domestic demand for automotive components, casting products, and infrastructure steel provided extensive operational support:

Revenue from Operations: Top-line revenue from core operations scaled to ₹2,10,656 lakh (₹2,106.56 crore) in Q1 FY27, growing 27.7% compared to ₹1,64,935 lakh in the year-ago identical window.

Total Income: Factoring in non-operational other income of ₹1,174 lakh (up from ₹485 lakh in Q1 FY26), total corporate income closed the initial quarter at ₹2,11,830 lakh against ₹1,65,420 lakh year-on-year.

Lower Finance Costs and Production Balances Support Margins

Total expenditure for the quarter under review stood at ₹1,85,333 lakh compared to ₹1,52,881 lakh in Q1 FY26. A detailed breakdown reveals solid operational shifts:

Material Inputs & Changes: Cost of materials consumed checked in higher at ₹72,239 lakh (up from ₹65,774 lakh in Q1 FY26). Inventory variations contributed a consumption cost of ₹2,643 lakh compared to an inventory building credit of ₹(3,458) lakh in the year-ago base quarter.

Finance Cost Reductions: Interest and financing expenses dropped drastically by 45.1% to ₹6,553 lakh against ₹11,938 lakh in Q1 FY26, highlighting massive long-term debt deleveraging efficiencies.

Personnel & Other Expenses: Employee benefit outlays came in at ₹11,853 lakh (up from ₹8,931 lakh), while manufacturing overheads and other expenses expanded to ₹83,287 lakh against ₹59,896 lakh in the base quarter.

Profit before tax (PBT) expanded by 111.3% to reach ₹26,497 lakh compared to ₹12,539 lakh in Q1 FY26. Total tax adjustments for the period included a deferred tax provisioning of ₹7,003 lakh and a small provision of ₹102 lakh for earlier years.

Earnings Per Share (EPS): Reflecting the strong jump in operational profit capacity, the basic and diluted Earning Per Share (non-annualized) for Q1 FY27 doubled to ₹2.00, up significantly from ₹0.96 in Q1 FY26 and ₹1.97 in Q4 FY26.

Equity Capitalization: The paid-up equity share capital base of the organization remained perfectly unchanged at ₹97,099 lakh (consisting of equity shares with a face value of ₹10 each).

Shares of Jayaswal Neco Industries Limited was last trading in BSE at Rs. 90.27 as compared to the previous close of Rs. 92.01. The total number of shares traded during the day was 460882 in over 2486 trades.

The stock hit an intraday high of Rs. 93.61 and intraday low of 87.90. The net turnover during the day was Rs. 41743206.00.

Source : Equity Bulls

Keywords

JayaswalNecoIndustries INE854B01010 Q1FY27 Q1FY2027 ResultUpdate