Jay Ushin

Jay Ushin reported Q2 net profit of 35 million rupees compared to 34 million rupees in the same period last year. Revenue increased to 2.42 billion rupees from 2.12 billion rupees year-over-year. EBITDA rose to 121.9 million rupees from 96.4 million rupees, while EBITDA margin improved to 5.03% from 4.55% in the previous year.

Jay Ushin has clarified that the company has been importing rare earth magnets from China for automotive production purposes for an extended period. The company made this statement to provide transparency about its supply chain operations in the automotive sector.

Jay Ushin Limited's Board of Directors approved the appointment of Mr. Anoop Chaturvedi as Additional Director designated as Non-Executive Independent Director for a five-year tenure from August 13, 2025 to August 12, 2030, subject to shareholder approval. The 67-year-old B.Tech (Mechanical) professional brings over 40 years of experience in production, planning, engineering, and project implementation, having worked with Maruti Suzuki India Limited. The board reconstituted various committees including Audit Committee, Stakeholders' Relationship Committee, and Nomination and Remuneration Committee, with Mr. Arvind Kumar Mittal serving as Chairman across all committees. The company also approved unaudited financial results for the quarter ended June 30, 2025, showing revenue from operations of Rs. 21,413.29 lakhs compared to Rs. 19,576.79 lakhs in the same quarter last year. Net profit for the quarter stood at Rs. 457.90 lakhs versus Rs. 259.10 lakhs in the previous year quarter. Basic and diluted earnings per share increased to Rs. 11.85 from Rs. 6.70 in the corresponding quarter. The company appointed scrutinizers for the Annual General Meeting scheduled for September 29, 2025.