JNK India Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

JNK India reported FY25 revenue of INR 495 Cr, up 2.5% YoY, while EBITDA margins fell sharply to 13.1% from 21.6%, impacted by project lifecycle and revenue recognition changes. PAT declined 52% to INR 30.2 Cr. Record order inflow of INR 933 Cr and backlog of INR 1,089 Cr support steady revenue for six quarters. Management expects 40%-50% revenue growth with 14%-16% EBITDA margins in FY26, driven by a healthy INR 4000 Cr order pipeline in heating equipment and green hydrogen. Execution delays affected Q4 but should ease next year; fabrication capacity remains sufficient.