Jamna Auto Industries reported a consolidated net profit of ₹48.50 crore for the quarter ended June 30, 2026 (Q1FY27), marking a year-on-year increase from ₹45.70 crore in Q1FY26. The automotive suspension manufacturer saw revenue from operations rise to ₹610 crore, up from ₹570 crore in the prior year period, driven by sustained demand in the medium and heavy commercial vehicle (M&HCV) segment. Alongside the financial results, the Board of Directors approved the company's first overseas acquisition — 100% stake in Owen Springs Limited, United Kingdom, for £2.00 million (approximately ₹25 crore), funded entirely from internal accruals.

The Board approved the unaudited financial results on August 07, 2026, in compliance with Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Price Waterhouse Chartered Accountants LLP, the statutory auditors, issued an unmodified limited review report on both consolidated and standalone figures.

Financial Performance

Consolidated revenue from operations stood at ₹610 crore, compared to ₹570 crore in Q1FY26. Profit before finance costs, depreciation, and tax (EBITDA) was ₹85.10 crore, rising from ₹76.30 crore in Q1FY26, with the EBITDA margin improving to 13.92% from 13.30% in the year-ago period. After accounting for finance costs and depreciation, net profit after tax (PAT) totalled ₹48.50 crore. The following table summarises the key consolidated financial metrics for the quarter:

Standalone results mirrored the consolidated trend, with net profit reflecting robust core operations. The company highlighted that commercial settlements with customers are progressing constructively to pass on increased input costs, preserving margin stability.

Strategic Developments

The acquisition of Owen Springs Limited, a leaf and parabolic spring manufacturer based in Rotherham, UK, marks Jamna Auto's entry into the mature international aftermarket. The target holds an estimated 8% share of the UK aftermarket spring sector. Completion is anticipated by mid-September 2026, subject to standard regulatory conditions. This move aligns with the company's "Lakshya Rise 5000" strategy, which aims for ₹5,000 crore revenue by FY30, with new markets (Indian aftermarket and exports) contributing 40% of revenue.

Additionally, the Board proposed establishing a new leaf spring production line at its Adityapur plant under subsidiary Jai Suspensions Ltd. This brownfield expansion aims to optimise capital expenditure and meet anticipated demand in Eastern India, leveraging proximity to key OEM hubs.

What the Numbers Show

The expansion in EBITDA margin to 13.92% from 13.30% year-on-year indicates improved operational efficiency despite rising input costs linked to global energy price fluctuations. The company's ability to maintain margin expansion suggests effective cost management and pricing power. The strategic shift towards international markets via the Owen Springs acquisition diversifies revenue streams beyond domestic OEM dependence, which currently accounts for approximately 77% of total revenue.

Jamna Auto Industries Ltd's Board of Directors has approved the acquisition of 100% of the issued share capital of Owen Springs Limited for £2,000,000 in cash. Owen Springs Limited specializes in manufacturing and trading of leaf springs, parabolic springs, and related products. The transaction, subject to completion formalities under the Share Purchase Agreement, is expected to close by August 31, 2026. This move aligns with the company's Lakshya – RISE 5000 strategy to expand its international footprint in the United Kingdom.

Transaction Overview

Jamna Auto Industries will acquire the entire equity capital from OSL Group Holdings Limited, the existing shareholder. Owen Springs Limited, incorporated in England and Wales on July 28, 2004, specializes in manufacturing and trading leaf and parabolic springs. The acquisition is not a related-party transaction, and no promoter or group company holds an interest in the target.

Strategic Rationale

Management stated that the acquisition strengthens Jamna Auto Industries' global market position and enhances access to UK customers. The board expects operational synergies and long-term value creation through expanded business opportunities in the region. The deal supports the company's broader objective of entering new markets under its Lakshya – RISE 5000 initiative.

Financial Profile of Owen Springs

Owen Springs reported declining revenues over the last three calendar years. For the year ended December 31, 2025, revenue was £2,761 thousand, down from £3,165 thousand in 2024 and £3,854 thousand in 2023. Despite the contraction, the entity reported a Profit After Tax (PAT) of £132 thousand and a net worth of £1,041 thousand for the same period.

Key Financial Metrics (Calendar Year Ended Dec 31)

The acquisition price is subject to adjustments based on net current assets as per the Share Purchase Agreement. The Board meeting concluded at 2:20 p.m. on July 24, 2026, with disclosures made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.