Jayaswal Neco Industries (JAYNECOIND) – Fundamental News

Jayaswal Neco Industries has delivered a strong improvement in its financial performance, with Q1 FY27 revenue rising 27.7% YoY to ₹2,106.6 crore, operating profit increasing 32.9% to ₹318.8 crore and net profit more than doubling to ₹193.9 crore, compared with a loss of ₹31.7 crore in Q1 FY26. The improvement was primarily driven by the steel business, which generated about ₹1,992 crore of Q1 revenue, while iron & steel castings contributed around ₹125 crore. FY26 was also a major turnaround year, with revenue from operations increasing 18.9% to ₹7,131.8 crore, EBITDA rising from ₹952 crore to ₹1,340.7 crore, and PAT jumping to ₹463.1 crore from ₹112.7 crore; importantly, finance costs declined from ₹562 crore to ₹426 crore, indicating some deleveraging benefit. The balance sheet has improved compared with previous years, with total debt declining to roughly ₹2,124 crore in FY26 from ₹2,751 crore in FY25 and ₹3,260 crore in FY24, while shareholders' equity increased to about ₹2,841 crore