Jash Engineering Limited H1 PAT rises 239% to Rs 19.63 crore

In H1FY27, Jash reported consolidated profit after tax of Rs 19.63 crore, up 239% from Rs 5.80 crore in H1FY26, as its EBITDA margin rose to 11.83% from 8.10%. Total income increased 20% to Rs 350.93 crore, while gross, EBITDA and net profit margins all expanded year on year.

How did Jash’s H1FY27 earnings change?

Jash’s consolidated total income rose to Rs 350.93 crore in H1FY27 from Rs 292.53 crore in H1FY26, an increase of Rs 58.40 crore, or 20%. Revenue from operations increased to Rs 342.39 crore from Rs 285.15 crore, while other income rose to Rs 8.53 crore from Rs 7.38 crore. The H1 snapshot rounds total revenue to Rs 351 crore, compared with Rs 293 crore a year earlier.

Gross profit increased 32% to Rs 211.45 crore from Rs 159.69 crore. Gross margin, calculated as gross profit as a share of total income, improved by 5.67 percentage points to 60.26% from 54.59%. Cost of goods sold, or COGS, rose by Rs 6.64 crore to Rs 139.48 crore, which was below the Rs 58.40 crore rise in total income.

What drove Jash’s H1FY27 margin expansion?

Jash’s earnings before interest, tax, depreciation and amortisation, or EBITDA, was Rs 41.51 crore in H1FY27, up 75% from Rs 23.69 crore in H1FY26, while EBITDA margin rose by 3.73 percentage points to 11.83%. Total expenses increased by Rs 41.27 crore to Rs 325.83 crore, less than the Rs 58.40 crore increase in total income.

The second quarter produced a higher EBITDA margin than the H1 average. Q2FY27 EBITDA was Rs 27.31 crore, compared with Rs 14.20 crore in Q1FY27 and Rs 22.29 crore in Q2FY26. Its EBITDA margin was 14.01%, compared with 9.10% in Q1FY27 and 13.96% in Q2FY26, while gross margin was 60.31%, against 60.19% in the preceding quarter and 57.77% a year earlier.

Jash’s profit after tax, or PAT, also benefited from lower finance cost. Net finance cost was Rs 4.85 crore in H1FY27, down from Rs 6.35 crore in H1FY26, although depreciation increased to Rs 11.57 crore from Rs 9.38 crore. Profit before tax rose to Rs 25.20 crore from Rs 7.85 crore, tax expense increased to Rs 5.57 crore from Rs 2.05 crore, and PAT margin widened to 5.59% from 1.98%.

Which Jash businesses changed their performance in H1FY27?

Jash Engineering reported H1FY27 revenue of Rs 227 crore, up 9% from Rs 208 crore, and PAT of Rs 26 crore, up 18% from Rs 22 crore. Its reported revenue was the largest among the named businesses, ahead of Rodney Hunt at Rs 117 crore and Waterfront at Rs 23 crore.

Rodney Hunt increased revenue by 17% to Rs 117 crore from Rs 100 crore and narrowed its PAT loss to Rs 4 crore from Rs 15 crore. The presentation also reports revenue of $12.2 million in H1FY27 against $10.4 million in H1FY26, while its PAT loss narrowed to $0.5 million from $1.6 million.

Waterfront increased revenue by 8% to Rs 23 crore from Rs 22 crore and moved to PAT of Rs 80 lakh from a Rs 1.5 crore loss. In contrast, Jash Process Equipment’s revenue declined 19% to Rs 21 crore from Rs 25 crore, while it recorded a PAT loss of Rs 30 lakh after a profit of Rs 3.4 crore in H1FY26. The business-level results therefore show improved profitability at Rodney Hunt and Waterfront alongside lower revenue and a loss at Jash Process Equipment.

What order visibility did Jash report after H1FY27?

Jash reported a consolidated order book of Rs 955 crore as of 1 November 2026, after deducting inter-company orders. International markets accounted for Rs 625 crore and India accounted for Rs 330 crore. Management said the order book provided revenue visibility and said it expected H2FY27 to deliver healthy performance in line with projections made at the beginning of the year.

Jash Engineering had Rs 561 crore of orders and Rodney Hunt had Rs 391 crore, while Jash Process Equipment, Waterfront and Mahr Maschinenbau had Rs 32 crore, Rs 31 crore and Rs 27 crore, respectively. These named business amounts exceed the Rs 955 crore consolidated total because the presentation says the consolidated figure deducts inter-company orders.

The company also reported a pipeline of Rs 46 crore already negotiated and Rs 129 crore under negotiation as of 1 November 2026. The already negotiated amount included Rs 38 crore within India and Rs 8 crore outside India, while the under-negotiation amount comprised Rs 119 crore in India and Rs 10 crore outside India. These pipeline figures were disclosed separately from booked orders.

Conclusion

Jash’s H1FY27 results combined 20% total-income growth with faster increases in gross profit, EBITDA and PAT. Gross margin rose to 60.26%, EBITDA margin reached 11.83% and PAT margin reached 5.59%, while PAT increased to Rs 19.63 crore from Rs 5.80 crore. Rodney Hunt narrowed its loss and Waterfront returned to profit, while Jash Process Equipment recorded lower revenue and a loss.

The next measure is execution against the Rs 955 crore consolidated order book reported on 1 November 2026, including Rs 625 crore outside India. Management expects healthy H2FY27 performance in line with its projections made at the beginning of the year, while the presentation also labels a consolidated sales outlook for FY26-27 of Rs 875 crore.