Jayaswal Neco Q1 FY27 Results (NSE: JAYNECOIND)
Signal: Steady quarter
The read
Revenue grew 27.7% YoY with gross margin expansion of 315bps and finance costs down 45%, driving PAT up 108.5% – a strong quarter on the back of steel segment momentum and cost efficiencies.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,106.56 Cr | 27.7% | 6.7% |
| EBIT | ₹330.5 Cr | 35.0% | |
| Net profit | ₹193.92 Cr | 108.5% | |
| EPS | ₹2 | 108.3% | |
| EBIT margin | 19.3% |
P&L walk
Revenue up 27.7% YoY with gross margin expansion of 315bps and finance costs down 45% driving PAT up 108.5%.
Segments
Steel segment is the growth engine with revenue +31.4% YoY and segment result +40.8% YoY, while Iron & Steel Castings segment is a drag with revenue -2.4% and segment result down 89% YoY.
Key positives
- Revenue growth of 27.7% YoY, led by steel segment (+31.4% YoY).
- Gross margin expanded 315bps YoY to 63.9% on lower raw material costs (34.3% of revenue vs 39.9% YoY).
- PAT up 108.5% YoY, driven by margin expansion and 45.1% decline in finance costs.
Key concerns
- Iron & Steel Castings segment revenue declined 2.4% YoY and segment result fell from ₹775 Lakh to ₹84 Lakh.
- Other expenses grew 39% YoY, partially offsetting input cost tailwinds.
- QoQ revenue growth only 6.7%, indicating some deceleration from Q4FY26.
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