16 Nov 2025 | 5 Mins Read
Smallcap company delivers remarkable turnaround
Flipitmoney
Jayaswal Neco Industries, a smallcap steel company, avoided bankruptcy through debt restructuring and improved operations, cutting debt from Rs 5,759 crore to Rs 2,721 crore. Net sales rose 29% to Rs 3,430 crore with EBITDA nearly doubling to Rs 650 crore. PAT turned from a loss of Rs 66 crore to a profit of Rs 198 crore. The company plans expansions, aims to deliver sustainable earnings growth.