JNK India earnings calls.

JNK India reported a standout Q3 FY26 with total revenue of Rs 262.3 million (112.8Current reported value: 112.8. No comparable prior figure is available in the source record.% YoY), EBITDA of Rs 295.1 million at 14.3% margin, and PAT of Rs 180.2 million reflecting 534.1Current reported value: 534.1. No comparable prior figure is available in the source record.% YoY growth. The strong performance was driven by closure of legacy projects under old accounting methodology (now shifted to input-based method) normalizing margins. Opening order book stands at Rs 1,700 croreCurrent Rs 1,700 crore. Reported change: +Strong visibility. providing robust visibility. Key near-term catalysts include BPCL Bina project (Rs 400-600 croreCurrent Rs 400-600 crore. Reported change: Pending execution. incremental orders expected in next 2 quarters) and Dangote refinery expansion (~$140-280 millionCurrent $140-280 million. Reported change: Potential large order. opportunity for fire heaters and reformers, orders likely in FY27). Middle East opportunity of Rs 200-250 crore and domestic clean fuel project each valued at Rs 50 crore expected to finalize within 2-3 months. JV subsidiary with Chemist contributed Rs 23 croreCurrent Rs 23 crore. Reported change: Q3 inaugural quarter. revenue in Q3 with Rs 100 crore order book. Reliance project execution spills to Q1 FY27 while HPCL completion expected by March. Working capital limits of Rs 500 crore non-fund based and Rs 100 crore fund-based are adequately available. Risk includes slow Russia order finalization and CBG technology stabilization challenges in India.