Jinkushal Industries Q1 FY27: Revenue up, margins pressured by freight and expansion

The company exports construction machinery through three verticals: new/customised machines, used/refurbished machines, and its own brand HexL, along with smaller rentals and warehousing activities.

Management reported standalone revenue from operations of INR 51.29 crore (up 37.4% YoY) and consolidated revenue of INR 56.57 crore (up 15.9% YoY).

Management cited higher freight and shipping costs due to geopolitical developments and higher employee costs from strengthening teams, along with timing effects from multi-quarter operating cycles.

The CEO stated Africa contributed about 32% of revenue in Q1 FY27 versus about 4.47% in Q1 FY26, reflecting a shift in geographic mix.

Management stated consolidated inventory was about INR 96.8 crore, with about INR 84.4 crore positioned at overseas subsidiaries as part of an availability-led strategy.

Management reiterated a long-term revenue target of about INR 600 crore to INR 700 crore over the next 2 to 3 years, while noting uncertainty in the near term.