Synopsis:
A remarkable 1,081.81 percent profit surge propelled this combustion equipment stock into sharp focus, capturing investor interest as strong growth momentum and rising industry visibility continued to support sentiment.
A combustion equipment stock drew strong investor interest after posting a sharp improvement in quarterly performance, supported by robust sequential and annual growth across revenue and profitability. The stock reacted positively as investors focused on margin expansion, improving operational efficiency and sustained demand visibility from core end-user industries.
JNK India Ltd opened at Rs. 305.15 against a previous close of Rs. 279.85 and touched an intraday high of Rs. 310, marking a rise of 10.77 percent from the previous close. The company currently holds a market cap of Rs. 1,620.98 crore.
Financial Snapshot – Q2FY26
On a quarter-on-quarter basis, total revenue increased from Rs. 103 crore to Rs. 184.2 crore, rising 78.84 percent. Profit before tax surged from Rs. 2 crore to Rs. 17.8 crore, an increase of 790 percent. Net profit jumped from Rs. 1.1 crore to Rs. 13 crore, up 1,081.81 percent. EPS rose from Rs. 0.2 to Rs. 2.3. EBITDA margin expanded from 7 percent to 12.1 percent. PAT margin improved from 1.1 percent to 7.1 percent.
On a year-on-year basis, total revenue increased from Rs. 107.4 crore to Rs. 184.2 crore, up 71.51 percent. Profit before tax increased from Rs. 11.8 crore to Rs. 17.8 crore, up 50.85 percent. Net profit improved from Rs. 7.8 crore to Rs. 13 crore, rising 66.67 percent. EPS grew from Rs. 1.4 to Rs. 2.3. EBITDA margin fell from 14.4 percent to 12.1 percent. PAT margin moderated slightly from 7.2 percent to 7.1 percent.
Comments from the Management
Commenting on the performance, Mr. Arvind Kamath, Chairperson and Whole Time Director said:
Speaking on the order book momentum: “During the quarter, JNK India secured a significant order from JNK Global Co., Ltd. for providing design and engineering support for a cracker furnace package at a refinery project in India. This order contributed to the company’s total order book of Rs. 18,499 million as of September 30, 2025, reflecting continued strong demand. The order book composition includes approximately 91.7% from heating solutions, 5.5% from process plants, and 2.8% from flares, incinerators, and other renewables. Indian projects account for 96.1% of the total order book.”
Highlighting the company’s long-term strategy, he said: “JNK India continued to execute its long-term growth strategy with the formation of JNK Chemdist Technologies Private Limited, a joint venture focused on green hydrogen and sustainable chemical/fuel technologies. This partnership will enable JNK India to expand its presence in the clean energy sector.”
Operational Highlights
The company strengthened its position with a significant rise in order book to Rs. 18,499 million (Rs. 1,849.9 crore) in H1FY26 compared to Rs. 13,116 million (Rs. 1,311.6 crore) in H1FY25, supported by its single largest ultra-mega order since inception.
Revenue in Q2FY26 was primarily driven by heating equipment, accounting for 80.3 percent of the mix, followed by 11.8 percent from process plants and 8 percent from flares, incinerators and other systems.
Domestic business contributed 89.4 percent of revenue, with exports at 10.6 percent. The end-user industries were dominated by petrochemicals at 59.2 percent, oil and gas at 33.4 percent and steel at 7.4 percent, reflecting strong demand from core refining and petrochemical clients.
About the Company
JNK India Limited is engaged in thermal design, engineering, manufacturing and commissioning of process-fired heaters, reformers and cracking furnaces. The company has broadened its offerings to include waste gas handling systems such as flares and incinerators, hydrogen production and distribution systems, solar EPC projects and process plant solutions, strengthening its presence across energy, petrochemical and industrial sectors.
Written by Manan Gangwar
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