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Jinkushal Industries Posts 27 Per Cent Growth on Export Momentum

2026-02-09

Jinkushal Industries recently announced its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, reporting strong operating performance led by sustained export momentum and disciplined execution. On a standalone basis, turnover rose by around 27 per cent year-on-year to Rs 1,803.2 million from Rs 1,414.8 million, reflecting continued demand across key international markets and the scaling up of core export operations. The company attributed the performance to balanced geographic execution and a growing focus on higher-margin refurbished and value-added equipment.

During the period, Jinkushal undertook a strategic build-up of inventory at its overseas subsidiary, with inventory levels increasing from historical levels of around Rs 100–150 million to approximately Rs 700 million. The company said this was a conscious decision enabled by improved liquidity following its IPO, aimed at positioning stock closer to end customers, supporting faster delivery timelines and strengthening retail and direct end-user sales.

The company noted temporary demand deferrals in Mexico following changes and clarifications on import tariffs in December 2025, which resulted in some export-ready inventory remaining unsold at the reporting cut-off date. To mitigate this, Jinkushal increased its focus on other international markets, including South Africa and the UAE, ensuring continuity of business activity while remaining prepared for demand normalisation in Mexico.

At the consolidated level, the company said revenue and profit recognition reflect standard consolidation principles, with profitability expected to progressively improve as elevated inventory levels are monetised in subsequent periods. Jinkushal added that IPO proceeds continue to be deployed in line with stated objectives, including brand building, international marketing, participation in global exhibitions and geographic expansion, supporting long-term growth and margin expansion.