By:- Mr. Abhinav Jain, Whole-Time Director of Jinkushal Industries Limited
“The RBI’s latest policy signals a decisive shift toward supporting growth while maintaining macroeconomic stability. For a net forex-earning business like JKIPL, a stronger export environment, lower real interest rates and a more competitive rupee together create a significant tailwind. Every dollar of revenue now translates into higher rupee realizations. For instance, a standard USD 100,000 export invoice yielded about ₹83 lakh in December 2024; at current levels it realizes nearly ₹90 lakh, a gain of roughly ₹7 lakh per invoice. This directly strengthens our margins and enables greater reinvestment in technology, refurbishment quality and expanding our global reach.
Our cost base in India spanning refurbishment, logistics, compliance and central functions is largely rupee-denominated, while a substantial share of our revenues is in dollars. In this environment, disciplined risk management and selective hedging help us turn currency volatility into an advantage rather than a risk. We intend to use this window to deepen relationships with existing buyers, enter new geographies and continue operating with a conservative balance sheet.”
