JNK India Process Equipment reports Rs 27.908 crore H1 revenue

JNK India Limited reported Rs 27.908 crore of revenue from its Process Equipment segment in the six months ended September 30, 2026, alongside a reported segment result before tax and finance costs of Rs 52.4 lakh. The segment became operational during the quarter ended December 31, 2025 and accounted for 7.7% of consolidated revenue from operations in the latest first half.

How much revenue did JNK India’s Process Equipment segment generate?

JNK India’s Process Equipment segment generated Rs 27.908 crore of revenue in the six months ended September 30, 2026, compared with no reported segment revenue in the corresponding six months ended September 30, 2025. The business contributed Rs 11.655 crore in the September 2026 quarter and Rs 16.253 crore in the June 2026 quarter.

The segment represented 7.7% of JNK India’s consolidated revenue from operations of Rs 363.992 crore in the latest six months. Combustion Equipment, the other reportable segment, generated Rs 336.084 crore, making up the remaining 92.3% of revenue from operations.

Process Equipment revenue declined by Rs 4.598 crore from the June 2026 quarter to the September 2026 quarter. This is a sequential comparison within the segment’s first disclosed operating period, rather than a like-for-like year-on-year movement, because the segment was not operational in the September 2025 quarter.

Did JNK India’s Process Equipment segment report a profit?

JNK India reported a Process Equipment segment result before tax and finance costs of Rs 80.6 lakh in the quarter ended September 30, 2026 and Rs 52.4 lakh for the six months ended on that date. The segment result was Rs 1.33 crore in the June 2026 quarter, while the September 2025 quarter showed a reported segment loss of Rs 19.7 lakh.

Segment result is not the same as JNK India’s consolidated profit before tax. The segment disclosure deducts finance costs and other unallocable expenditure, net of unallocable income, after reporting the result from each segment. Consolidated profit before tax was Rs 17.438 crore in the September 2026 quarter and Rs 32.083 crore in the six months ended September 30, 2026.

Combustion Equipment remained the larger earnings contributor in the September quarter, reporting a segment result of Rs 29.685 crore on revenue of Rs 172.374 crore. Process Equipment reported its Rs 80.6 lakh segment result on Rs 11.655 crore of revenue in the same quarter.

How did Combustion Equipment perform alongside Process Equipment?

JNK India’s Combustion Equipment revenue increased to Rs 336.084 crore in the six months ended September 30, 2026 from Rs 271.478 crore a year earlier, an increase of Rs 64.606 crore. Including the new Process Equipment contribution, consolidated revenue from operations increased by Rs 86.514 crore from Rs 277.478 crore to Rs 363.992 crore.

In the September 2026 quarter, Combustion Equipment revenue was Rs 172.374 crore, compared with Rs 163.710 crore in the June 2026 quarter and Rs 178.379 crore in the September 2025 quarter. The latest quarterly figure was therefore Rs 8.664 crore above the preceding quarter but Rs 6.005 crore below the year-earlier quarter.

JNK India reported consolidated profit for the six months of Rs 22.002 crore, against Rs 14.150 crore in the corresponding 2025 period. The filing does not allocate consolidated tax expense, finance costs or profit after tax between Combustion Equipment and Process Equipment.

What assets and liabilities does JNK India report for Process Equipment?

JNK India reported Process Equipment segment assets of Rs 112.044 crore and segment liabilities of Rs 71.094 crore as of September 30, 2026. The segment’s assets were Rs 99.679 crore at June 30, 2026, while its liabilities were Rs 62.455 crore at that date.

Combustion Equipment had segment assets of Rs 1,014.656 crore and liabilities of Rs 465.367 crore as of September 30, 2026. Total segment assets were Rs 1,127.600 crore before Rs 1.7641 crore of unallocable assets, while total segment liabilities were Rs 536.461 crore before Rs 1.7493 crore of unallocable liabilities.

The Process Equipment business is represented by subsidiary JNK Chemdist Technologies Private Limited. During the year ended March 31, 2026, the subsidiary acquired assets from Chemdist group companies, with October 1, 2025 treated as the acquisition date for accounting purposes.

Why are Process Equipment comparisons with 2025 limited?

JNK India says comparisons with the September 2025 quarter and first half are limited because JNK Chemdist Technologies Private Limited became operational during the quarter ended December 31, 2025. Segment disclosures were first presented in the unaudited consolidated results for the period ended December 31, 2025.

The acquisition accounting recognised acquired assets of Rs 39.156 crore and purchase consideration of Rs 41.582 crore, including contingent consideration of Rs 2.810 crore. It also recognised deferred tax assets of Rs 70.7 lakh and goodwill of Rs 1.719 crore on the October 1, 2025 acquisition date.

JNK India states that the September 2026 and June 2026 quarters, and the year ended March 31, 2026, are not comparable with the September 2025 quarter and half year to the extent of the acquisition accounting. The filing does not quantify the part of the change in consolidated revenue or profit attributable to those accounting effects.

Conclusion

JNK India’s latest segment disclosure shows that Process Equipment generated Rs 27.908 crore of first-half revenue and a reported segment result of Rs 52.4 lakh, while Combustion Equipment remained the principal business with Rs 336.084 crore of revenue. The new segment added a second reported operating activity after becoming operational in the quarter ended December 31, 2025.

The next disclosures will show whether Process Equipment revenue develops from the Rs 11.655 crore reported in the September 2026 quarter and how acquisition-related comparability evolves after the October 1, 2025 accounting date. JNK India also says it will evaluate and account for the effects of rules under the New Labour Codes when the government notifies those rules; it had previously recorded an incremental Rs 92.2 lakh employee-benefit expense impact.