Synopsis: NECO group’s flagship company’s shares rose over 8% in today’s trading session after announcing Q2 results.
A small-cap company that is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings is in the spotlight today after posting Q2FY26 results. Read the article below for detailed insights into its performance.
With a market capitalization of Rs. 7,020.32 crore, the shares of Jayaswal Neco Industries Limited were trading at Rs. 72.23, up by 6.35 percent from its previous day’s closing price of Rs. 67.92. In today’s trading session the stock has touched an intraday high of Rs. 73.50, implying 8.22 percent from its previous day’s closing price.
Q2FY26 Results
Jayaswal Neco Industries Limited reported Rs. 1,781 crore in revenue for the second quarter of FY26, a 44.80 percent increase over the Rs. 1,230 crore for the same period in FY25. It increased by 8 percent as compared to Rs. 1,649 crore in Q1 FY26.
The company’s EBITDA for Q2 FY26 stood at Rs. 327 crore, up by 92.35 percent from Rs. 170 crore in Q2 FY25, and it increased by 3.81 percent from Rs. 315 crore in Q1 FY26.
The consolidated net profit for the second quarter of FY26 was Rs. 105 crore, which was 12.90 percent higher than the Rs. 93 crore reported in the Q1 FY26 and its turnaround from a loss of Rs. 34 crore in Q2 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 1.08 in Q2 FY26 from Rs. 0.96 in Q1 FY26.
Business Updates
The company achieved record quarterly performance across all major operations in Q2. Steel dispatch reached 1,83,746 MT, SMS-II production hit 1,84,701 MT, and rolling mills produced 1,72,182 MT, all surpassing previous highs.
The sinter plant recorded 1,93,483 MT, power generation reached 56.20 MW/hr, and the 340 TPD oxygen plant achieved 347 TPD. Chhotedongar Mines recorded the highest-ever ROM production of 3,64,575 MT and dispatches of 3,84,345 MT during the monsoon, significantly above last year’s Q2 levels.
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About the company
Incorporated in 1972 and headquartered in Nagpur, JNIL is the flagship listed company of the Neco Group, promoted by Shri Basant Lall Shaw, Shri Arvind Jayaswal, and Shri Ramesh Jayaswal. It is one of India’s largest alloy steel manufacturers, operating a 1 MnTPA fully integrated steel plant at Siltara, Raipur (Chhattisgarh), producing steel billets, rolled products, pig iron, sponge iron, pellets, sinter, and ferrous castings, supported by captive iron ore mines, power plants (62 MW + 7.5 MW leased), and auxiliary facilities.
JNIL is a Tier-2 supplier to auto component manufacturers and one of the largest ferrous casters (0.075 MnTPA), serving automotive, construction, and engineering sectors. The company benefits from full raw material security, low-cost iron ore mining, ISO certifications, and strategic location with lower logistics cost. It has successfully implemented SAP S4-HANA, SAP Ariba, and maintains strong internal controls, governance, CSR, and ESG practices, with infrastructure in place to double steel capacity.
Written By Akshay Sanghavi
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