Jayaswal Neco Industries reports strong half-yearly financial growth

Jayaswal Neco Industries reported a 28.6% increase in net sales for H1 FY'26, reaching 3,430 crores compared to 2,668 crores in H1 FY'25. Profit before tax (PBT) saw a substantial surge of 411.7%, from (86) crores in H1 FY'25 to 268 crores in H1 FY'26. PAT also improved dramatically, increasing from (66) crores to 198 crores, marking a 400.7% rise. EBIDTA for H1 FY'26 grew by 90.6% to 650 crores from 341 crores in H1 FY'25.

The company's Q2 FY'26 performance also showed robust growth, with net sales up 44.8% to 1,781 crores from 1,230 crores in Q2 FY'25. PBT rose to 143 crores from (45) crores, a 416.4% increase, while PAT reached 105 crores from (34) crores, an impressive 407.4% growth. EBIDTA for Q2 FY'26 increased by 92.7% to 331 crores from 172 crores in Q2 FY'25.

In terms of production, the company achieved an all-time high quarterly steel dispatch of 1,83,746 MT in Q2, surpassing the previous record. Rolling mills also recorded their highest-ever quarterly production of 1,72,182 MT in Q2. Additionally, the company's captive iron ore mines, Chhotedongar, reported its highest-ever ROM production and dispatches during the monsoon period.