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Q2 and H1FY26 Earnings Presentation November 13, 2025
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2 JNK India - An Overview Founded in 2010, one of India’s leading Combustion Equipment companies. The company has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces ₹ 2,872 Mn Total Revenue ₹ 295 Mn EBITDA ₹ 142 Mn Profit after Tax ₹ 198 Mn Profit before Tax ₹ 18,499 Mn Order Book 10.3% ROCE 5.6% ROE H1 FY26 Key Performance Highlights Proven execution and long- standing customer relationships reflect its strength in delivering customized solutions Successfully overcome high entry barriers in the specialized industry Robust order book reflecting a strong revenue visibility Dynamic workforce of 326 employees in design, execution, and R&D for combustion equipment • Combustion Equipment: Process fired heaters, Reformers, Cracking furnaces • Waste Gas Handling Systems: Flares, Incinerators • Renewable Energy Systems : Hydrogen Production and Distribution systems, Solar PV EPC • Customers Served : 21 in India and 8 Overseas • Sectors Served : Refinery, Petrochemical, Fertilizer and Steel
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3 JNK India incorporated Received first overseas purchase order in Nigeria Received first purchase order for supply of natural gas and bio-compressed natural gas reforming-based hydrogen infrastructure Order book crossed Rs. 5,000 Mn 2010 2019 2021 2022 2024 2025 Successfully listed with IPO size of Rs. 6,490 Mn and secured orders for diversified product streams Evolution of JNK India Order Book Crossed Rs. 18,000 Mn Joint venture with Chemdist Group to develop green hydrogen, sustainable fuel technologies, and engineered equipment for the chemical and pharma industries.
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4 Management Commentary Mr. Arvind Kamath Chairperson and Whole Time Director “During Q2 FY26, JNK India recorded total revenue of Rs. 1,842.1 million, reflecting a year-on-year growth of 71.6%. Operating profit for the quarter was Rs. 454.0 million, marking a 34.6% increase YoY , resulting in an operating margin of 24.6%. EBITDA amounted to Rs. 223.4 million, with a margin of 12.1%, showing a 44.7% YoY growth. Profit After Tax reached Rs. 130.2 million, reflecting a 68.1% increase YoY , with a margin of 7.1%. For H1 FY26, total revenue was Rs. 2,871.8 million, with an operating profit of Rs. 696.3 million and a margin of 24.2%. EBITDA was Rs. 295.1 million, with a margin of 10.3%. Profit After Tax was Rs. 141.5 million, with a margin of 4.9%. 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, demonstrating JNK India’s strong presence in the Indian market. In addition to securing key contracts, 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, positioning the company to capitalize on emerging opportunities in sustainable energy. Through this venture, JNK India aims to enhance its capabilities in renewable energy solutions, further diversifying its portfolio and contributing to its broader strategy of long-term growth and market leadership in the green energy space. Looking ahead, JNK India remains focused on executing its strong order book, with an emphasis on optimizing project delivery and enhancing operational efficiencies. The company is well-positioned to leverage its strategic initiatives, particularly the joint venture with JNK Chemdist Technologies, to capture growth opportunities in the rapidly expanding green hydrogen and clean energy sectors. With a strong pipeline of projects, including key contracts in the refinery and petrochemical sectors, JNK India is set to drive sustained growth. The company will continue to focus on strengthening its market presence, expanding its capabilities, and delivering value through innovation and operational excellence, ensuring long-term growth and success.”