Jtekt

JTEKT India achieved 5.6% sales growth in the first half of FY26, outperforming the passenger vehicle market's 1.6% growth, while EBITDA margins improved to 7.2% in Q2 from 5.3% in Q1. The company faced margin pressure due to higher employee costs and delayed new product launches, but expects recovery through expanded exports to Brazil, new product ramp-ups including e-Vitara supplies, and capacity expansion with INR 460 crores CAPEX across multiple facilities.

JTEKT India Limited achieved 4% revenue growth to Rs 12,051 million in the first half of FY26, outperforming industry growth of 1.6% due to better vehicle model presence and new drive shaft product introduction. The company's EBITDA margin declined from 7.6% to 6.3% due to increased employee costs from salary increments, higher power tariffs, and adverse product mix affecting profitability.

JTEKT India Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2025. The company reported revenue from operations of INR 85,010.58 lakhs for Q2 FY2026 compared to INR 80,055.93 lakhs in Q2 FY2025. Net profit for the quarter stood at INR 1,821.77 lakhs versus INR 2,764.11 lakhs in the previous year. For the half year, revenue increased to INR 168,388.28 lakhs from INR 158,551.36 lakhs, while net profit declined to INR 2,955.79 lakhs from INR 3,423.43 lakhs. The Board approved key leadership appointments following the superannuation of Mr. Dinesh Goel from Corporate Quality Department. Mr. Harmeet Singh Bedi was appointed as Function Head Corporate Quality, and Mr. Amit Kumar Sharma as Function Head Design Development, both designated as Senior Managerial Personnel effective November 12, 2025. The company also introduced a Voluntary Retirement/Separation Scheme for eligible workmen, with implementation status and financial impact to be communicated later. Cash and cash equivalents increased significantly to INR 20,192.18 lakhs from INR 1,630.82 lakhs, supported by proceeds from a rights issue of INR 24,718.70 lakhs during the period.