Jayaswal Neco Industries Limited Announces Q1 FY2026 Results and Board Approvals
Jayaswal Neco Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the financial statements along with a Limited Review Report issued by the statutory auditors, M/s. Chaturvedi & Shah LLP.The financial performance for the quarter shows that the company recorded a profit for the period of Rs. 102 Lakhs. The total comprehensive income for the period stood at Rs. 19,459 Lakhs. During this period, the company reported revenue from operations of Rs. 2,10,656 Lakhs against total expenses of Rs. 1,85,333 Lakhs.
The Board also approved the convening of the 53rd Annual General Meeting (AGM) to be held on September 12, 2026, via Video Conferencing and other Audio Visual Means. In preparation for this meeting, the Register of Members and Share Transfer Register will remain closed from September 6, 2026, to September 12, 2026.
Additionally, the Board approved the re-appointment of M/s. Chaturvedi & Shah LLP as the Statutory Auditors of the company. They are appointed to hold office for a period of 5 years until the conclusion of the AGM for the financial year 2030-2031, subject to shareholder approval.
Financial Performance Overview
The following table summarizes the key financial highlights for the quarter ended June 30, 2026:| Particulars | 30.06.2026 (Rs. Lakhs) | 31.03.2026 (Rs. Lakhs) | 30.06.2025 (Rs. Lakhs) |
|---|---|---|---|
| Revenue from Operations | 2,10,656 | 1,97,424 | 1,64,935 |
| Total Expenses | 1,85,333 | 1,74,238 | 1,52,881 |
| Profit Before Exceptional Items & Tax | 18,533 | 17,423 | 15,288 |
| Exceptional Items | 26,497 | 23,647 | 12,539 |
| Profit Before Tax | - | - | - |
| Tax Expenses | 26,497 | 23,647 | 12,539 |
| Profit for the Period | 102 | - | 2 |
| Other Comprehensive Income | 19,392 | 19,087 | 9,302 |
| Total Comprehensive Income | 19,459 | 19,321 | 9,292 |
Segment Information
The company's operations are categorized into the Steel segment and the Iron & Steel Castings/Others segment. For the quarter ended June 30, 2026, the segment revenue was distributed as follows:| Segment | Revenue from Operations (Rs. Lakhs) | Profit Before Tax (Rs. Lakhs) |
|---|---|---|
| Steel | 1,99,224 | 34,085 |
| Iron & Steel Castings / Others | 1,25,12 | 2,420,8 |
| Total | 2,10,656 | - |
Operational and Legal Updates
The statutory auditors noted that the company's properties, valued at Rs. 30,758 Lakhs, were subject to provisional attachments by the Directorate of Enforcement (ED). However, the Company successfully appealed these actions. The Court of Special Judge, New Delhi (CBI Court) discharged the company under the Prevention of Money Laundering Act, stating there was no offence of money laundering in the absence of any charge of cheating regarding coal block allocation.The Appellate Tribunal subsequently set aside the provisional attachment orders. While an appeal was filed by the ED before the Supreme Court, the Supreme Court provided oral directions for the company not to press for the release of the attached properties. The company has provided an oral undertaking regarding this matter.
JAYNECOIND Stock Price Movement
Jayaswal Neco Industries Limited shares today tumbled by 2.05% to settle at ₹90.28 after a period of selling pressure. The stock saw significant turnover, with 8.50 million shares changing hands during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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