Q2 2025 JNK India Ltd Earnings Call Transcript
Key Points
- JNK India Ltd (NSE:JNKINDIA) reported a strong Q2 FY '26 with a total revenue of INR1,842.1 million, reflecting a 71.6% year-on-year growth.
- The company secured an ultra-mega order from JNK Global Company Limited, the largest single order win for JNK India to date, enhancing their order book to INR18,499 million.
- JNK India formed a joint venture, JNK Chemdist Technologies Private Limited, focusing on green hydrogen technology and sustainable chemical solutions, expanding their product portfolio.
- The company's cash conversion cycle improved significantly to 76 days in H1 FY '26 from 232 days in H1 FY '25, indicating better operational efficiency.
- JNK India's operating profit for Q2 FY '26 was INR454 million, representing a 34.6% year-on-year increase, with an operating margin of 24.6%.
- Operating expenses increased by 88.5% year-on-year in Q2, which could pressure future profitability if not managed effectively.
- The company faces challenges in maintaining high margins due to the complexities and variables associated with executing larger projects.
- There is uncertainty in quantifying future order book levels due to the time it takes to finalize large projects.
- The company's stock price has fallen significantly, raising concerns about investor confidence.
- JNK India remains heavily dependent on the cyclical oil and gas sector, which could impact revenue stability if sector demand fluctuates.
Ladies and gentlemen, good day, and welcome to the JNK India Q2 and H1 FY '26 earnings call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Akshit Gangwal from IIFL Capital. Thank you, and over to you, sir.
Thank you, Shlok. Good afternoon, everyone. On behalf of IIFL Capital, I welcome everyone to JNK India's 2Q FY '26 Earnings Call. We have with us today Mr. Arvind Kamath, Chairperson and Whole-Time Director; Mr. Pravin Sathe, Chief Financial Officer; and Ms. Annie Varghese, Senior Manager, Investor Relations. Without further delay,
I will now hand over the call to the management for their opening remarks, which will be followed by Q&A. Over to you, sir.
Good afternoon, everyone, and thank you for joining us today for JNK India's Q2 FY '26 earnings call. I am Arvind Kamath, Chairman and Whole-Time Director. We appreciate
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