Jayaswal Neco Industries Q2 Profit More Than Doubles With 118% Growth, Revenue Increases 23% YoY

Jayaswal Neco Industries Limited reported a significant surge in its standalone net profit for Q2 2026, more than doubling to ₹229.81 crore compared to ₹105.13 crore in the same quarter last year. The company's total revenue from operations also increased by 23.22% to ₹2,194.46 crore, up from ₹1,781 crore in the previous year's Q2.

Expenses rose by 15.31% to ₹1,893.49 crore, while other income contributed ₹6.48 crore to the total income. Basic earnings per share increased from ₹1.08 to ₹2.37. For the half-year, standalone net profit grew substantially to ₹423.73 crore from ₹198.15 crore in the same period last year. Revenue from operations increased to ₹4,301.02 crore, up from ₹3,430.35 crore.

The Board of Directors approved the unaudited financial results on 16 October 2026. The company's properties, valued at ₹307.58 crore, were provisionally attached by the Directorate of Enforcement, but the PMLA Appellate Tribunal set aside the provisional attachments. The Supreme Court directed the CBI to keep the company's application for the release of frozen assets pending until a revision petition is decided.

Jayaswal Neco Industries also allotted 2,24,39,134 warrants to Vibrant Enterprises on 1 October 2026, receiving 25% of the consideration during the quarter.