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Revenue
₹44 Cr
verified against source
Revenue YoY
106.8%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Jinkushal Industries reported Q3 FY26 standalone revenue of ₹91.79 crore, up 107% YoY, and PAT of ₹4.17 crore, up 34% YoY. The sharp revenue jump reflects strong export execution, though consolidated results showed a loss due to strategic overseas inventory buildup of ₹70 crore—the highest ever—as part of a shift from wholesale to retail distribution. Management emphasized this is a timing issue, with inventory expected to convert to revenue in coming quarters. The Hexel brand contributed 8.6% of 9M revenue, up from 1% last year. Guidance remains aspirational: management targets multiple times revenue growth over 2-3 years, but provided no near-term quantitative targets. Key risk: Mexico tariff uncertainty and concentration, though management claims their product is not covered and demand is rising.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated aspiration to achieve multiple times current revenue over the next 2-3 years, supported by overseas distribution, Hexel brand, and geographic diversification.
- Management emphasized improving profit margins and revenue quality rather than just top-line growth, with a sharp focus on profitable growth.
- The ₹70 crore overseas inventory is expected to convert into revenue and profitability in the normal course of business, with a sales cycle of 120-150 days.
Risks flagged
- Mexico, a key export market, imposed a 50% tariff on Indian exports, though management claims their product is not covered. Temporary purchase deferrals impacted Q3 revenue.
- The strategic overseas inventory buildup led to a consolidated loss of ₹9.87 crore in Q3, as intercompany profits are eliminated and expenses recognized upfront.
- Historically, a large portion of revenue came from Mexico. Despite diversification efforts, any adverse regulatory change in Mexico could impact performance.
Key quotes
- We are not here to present numbers but we are here to build a business and we doing so effectively I believe.
- Our aspiration to achieve a multiple time growth on revenue over the next two three years remains intact.
- The inventory we have accumulated remains healthy and high in demand. We expect conversion into revenue and profitability in a normal course of business.
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