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JNK India Q1 Results Total Income ₹906.81 Million & Profit Before Tax ₹278.28 Million

JNK India Q1 Results reported a total income of ₹906.81 million for Q1 2024 and their profit before tax was ₹278.28 million, with a net profit of ₹264.09 million after taxes.   

by Ruksana

Updated Sep 02, 2024

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JNK India Q1 Results Total Income ₹906.81 Million & Profit Before Tax ₹278.28 Million

JNK India Q1 Results

The JNK India financial table provides a summary of the company's financial performance for different periods. For the quarter ended on June 30, 2024, JNK India reported a total income of 906.81 million INR. This includes revenue from operations of 879.09 million INR and other income of 27.72 million INR. In comparison, for the year ending March 31, 2024, the total income was 2,531.63 million INR.

JNK India’s expenses for the quarter totaled 879.65 million INR. This includes costs for purchasing stocks, changes in inventories, project expenses, employee benefits, depreciation, other expenses, and finance costs. For the year, total expenses were 2,029.22 million INR.

The profit before tax for the quarter was 278.28 million INR, but after taxes, the profit was 264.09 million INR. The tax expenses included both current and deferred taxes. For the year, the profit before tax was 502.41 million INR, with a final profit of 86.10 million INR after tax.

JNK India’s total comprehensive income, which includes profits and other comprehensive income items, was 245.09 million INR for the quarter. The paid-up equity share capital remained at 96.78 million INR. The earnings per share (EPS) for the quarter were 1.36 INR (basic) and 1.35 INR (diluted).

Here's the financial summary you provided, organized for clarity:

Particulars

Quarter ended 30th June, 2024

Year ended 31st March, 2024

Quarter ended 30th June, 2023

Year ended 31st March, 2023

Income

       

Revenue from Operations

879.09

2,523.48

366.75

4,771.00

Other Income

27.72

8.15

3.99

28.76

Total Income

906.81

2,531.63

370.74

4,799.76

Expenses

       

Purchase of Stocks in Trade

351.29

1,036.23

242.78

2,264.19

Changes in Inventories of Finished Goods, Stock-in-Trade, and Work-in-Progress

(19.38)

(134.98)

134.00

-

Project Expenses

233.64

280.65

40.27

721.43

Employee Benefits Expenses

167.94

261.74

86.28

513.94

Depreciation and Amortization Expenses

35.68

25.81

19.33

99.89

Other Expenses

12.65

15.69

10.69

56.19

Finance Costs

51.04

106.79

64.90

276.28

Total Expenses

879.65

2,029.22

534.38

3,920.41

Profit Before Exceptional Items and Tax

278.28

502.41

49.55

879.45

Exceptional Items

-

-

-

-

Profit Before Tax

278.28

502.41

49.55

879.45

Tax Expense

       

Current Tax

18.74

425.77

8.30

267.95

Deferred Tax Expense/(Income)

(4.55)

(9.46)

5.07

(5.95)

Total Tax Expense

14.19

416.31

13.37

262.00

Profit for the Period

264.09

86.10

36.18

617.45

Other Comprehensive Income

       

Items that will not be reclassified to Profit or Loss

(19.00)

(19.00)

(19.00)

(19.00)

Total Comprehensive Income

245.09

67.10

17.18

598.45

Paid-up Equity Share Capital

96.78

96.78

96.98

96.78

Other Equity

4,804.12

1,850.09

1,148.45

1,850.09

Earnings per Share (EPS)

       

Basic EPS (in INR)

1.36

3.35

0.61

12.76

Diluted EPS (in INR)

1.35

3.32

0.60

12.67

Source: Here 

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JNK India Financial Performance

The table shows key financial details about JNK India. The market cap of ₹4,049 crore indicates the total value of all its shares. The current price of the stock is ₹728. The high and low prices for the stock have been ₹897 and ₹550, respectively. The P/E ratio of 64.6 means the stock is priced high relative to its earnings. 

Sure! Here’s the financial information in table format:

Metric

Value

Market Cap

₹4,049 Crore

Current Price

₹728

High / Low

₹897 / ₹550

Stock P/E

64.6

Dividend Yield

0.00%

ROCE (Return on Capital Employed)

46.3%

ROE (Return on Equity)

39.5%

Face Value

₹2.00

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Quarterly Results 

For JNK India's financial performance, in December 2023, the company achieved sales of Rs. 119.77 crores and made a profit of Rs. 29.90 crores. By March 2024, sales increased to Rs. 226.85 crores, but profits dropped to Rs. 16.65 crores. In June 2024, sales fell to Rs. 87.99 crores, and profits decreased further to Rs. 6.38 crores. Operating profit margins were highest in December at 32.19%, but fell to 13.78% in March and 10.66% in June. 

Here is a summary of the quarterly results:

Quarter

Dec 2023

Mar 2024

Jun 2024

Sales (Rs. Crores)

119.77

226.85

87.99

Expenses (Rs. Crores)

81.22

195.59

78.61

Operating Profit (Rs. Crores)

38.55

31.26

9.38

Operating Profit Margin (OPM %)

32.19%

13.78%

10.66%

Other Income (Rs. Crores)

2.54

1.31

2.76

Interest (Rs. Crores)

3.78

2.58

3.62

Depreciation (Rs. Crores)

1.55

1.57

1.26

Profit Before Tax (Rs. Crores)

35.76

28.42

7.26

Tax Rate (%)

16.41%

41.41%

12.12%

Net Profit (Rs. Crores)

29.90

16.65

6.38

Earnings Per Share (EPS) (Rs.)

6.18

3.44

1.15

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About JNK India 

JNK India is a prominent Engineering and Technology company known for its strong professional skills, excellent customer service, and top performance. The company’s history began in the 1980s when Daelim Engineering, a large Korean EPC contractor, entered the fired heaters and furnaces industry. With its innovative designs and high-quality services, the company quickly became a global leader in this field. In 1998, it established an independent business called JNK Heaters Company to focus specifically on this area.

In 2010, JNK India was founded, expanding its reach into the Indian market and contributing to sustainable energy solutions both in India and globally. The company has completed many significant projects, including fired heaters, reformers, flares, incinerators, and hydrogen dispensing stations. Known for its advanced technology and superior services, JNK India helps clients succeed in competitive markets.

JNK India offers a wide range of services, from feasibility studies and process design to project management, procurement, fabrication, and quality control. It also provides field erection, supervision, and start-up services, ensuring comprehensive support for its clients' projects.


JNK India Q1 Results - FAQs

1. What was JNK India’s total income for Q1 2024?  

JNK India’s total income for Q1 2024 was ₹906.81 million.

2. What were JNK India’s revenue from operations in Q1 2024?  

JNK India’s revenue from operations in Q1 2024 was ₹879.09 million.

3. What is JNK India’s profit before tax for Q1 2024?

JNK India’s profit before tax for Q1 2024 was ₹278.28 million.

4. What was JNK India’s tax expense in Q1 2024?

JNK India’s tax expense in Q1 2024 was ₹14.19 million.

5. What were JNK India’s total expenses for the year ending March 31, 2024?

JNK India’s total expenses for the year ending March 31, 2024, were ₹2,029.22 million.

6. What was JNK India’s profit for the period in Q1 2024?

JNK India’s profit for the period in Q1 2024 was ₹264.09 million.

7. What is JNK India’s market cap as of now?

JNK India’s market cap is ₹4,049 crore.

8. What was JNK India’s total comprehensive income in Q1 2024?

JNK India’s total comprehensive income in Q1 2024 was ₹245.09 million.

9. How much did JNK India’s operating profit margin decrease by from December 2023 to June 2024?  

JNK India’s operating profit margin decreased from 32.19% in December 2023 to 10.66% in June 2024.

10. What was JNK India’s total income for the year ending March 31, 2023?  

JNK India’s total income for the year ending March 31, 2023, was ₹4,799.76 million.

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