Jamna Auto Industries delivered its strongest-ever quarterly and full-year performance in FY26, achieving record revenue and profit before tax (PBT) driven by a broad-based recovery across the commercial vehicle segments. The company reported a 15% year-on-year increase in net sales to ₹2612 crore for the financial year ended March 31, 2026, while profit after tax (PAT) rose 28% to ₹231 crore. This performance underscores the effectiveness of the company's disciplined cost execution and strategic expansion into new products and markets.

Financial Performance

For the fourth quarter of FY26, Jamna Auto Industries reported net sales of ₹840 crore, a 32% increase compared to ₹638 crore in the same period last year. Profit before tax for the quarter surged 61% to ₹116 crore, while PAT grew 74% to ₹87.3 crore. EBITDA for the quarter stood at ₹138 crore, representing a margin of 16.5%, compared to 13.1% in the same period last year. Cash accruals, defined as PAT plus depreciation, were recorded at ₹104 crore for the quarter.

Consolidated Financial Results (₹ Crore)

Operational Highlights

The company attributed its record performance to a recovery in the M&HCV (medium and heavy commercial vehicle) and LCV (light commercial vehicle) segments, supported by strong aftermarket momentum. During the year, Jamna Auto Industries commissioned new capacities in Adityapur for parabolic springs and in Indore for leaf springs and U bolts. The company also commenced exports to global players like Stellantis and expanded its customer base for existing products such as stabilizer bars, which are now supplied to Mahindra & Mahindra Ltd in addition to Tata Motors Ltd.

Strategic Roadmap

Jamna Auto Industries outlined its "Lakshya RISE 5000" blueprint, targeting ₹5000 crore in revenue with a focus on new markets contributing 40% of total sales. The strategy aims to deliver a return on capital employed (ROCE) of 40% and a dividend payout of 50%. The company is deepening its focus on the Indian aftermarket and exports to ensure steady performance across macroeconomic cycles.

Jamna Auto Industries Ltd has scheduled a remote e-voting period from June 1, 2026, to June 30, 2026, to seek shareholder approval for the re-appointment of Mr. Gautam Mukherjee as an Independent Director. The voting is conducted via postal ballot under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The re-appointment is for a second consecutive term of five years, effective from May 31, 2026, to May 30, 2031. Members registered as of the cut-off date of May 22, 2026, are eligible to vote.

The company dispatched the Postal Ballot Notice on May 26, 2026, through electronic mode only. Physical copies of the notice and forms are not being dispatched. Members whose email addresses are not registered with the Registrar and Share Transfer Agent (RTA) or Depositories must follow the procedure outlined in the notice to cast their votes. The notice is available on the company's website and the websites of BSE, NSE, and NSDL.

Mr. Mukherjee holds a DIN of 02590120 and brings extensive experience in banking, industrial finance, and the automobile industry. He began his career in 1983 as a Probationary Officer with the State Bank of India (SBI) and served until 1990. He subsequently worked as the Financial Editor at The Economic Times before moving to ICICI Bank, where he served as Vice President and North India Head – Corporate Banking from 1996 to 2002. He was previously associated with Jamna Auto Industries Ltd. as President – Finance from 2008 to 2012.

Director Profile

Mr. Gautam Mukherjee has held several key positions throughout his career, including a stint at ING Vysya Bank. Currently, he serves as the Chairman of the Board of Directors of SES ESG Research Private Limited as an Independent Director. He holds 64,000 equity shares in the company.

Appointment Details

The re-appointment is subject to regulatory compliance and shareholder approval. The company confirmed that Mr. Mukherjee is not debarred from holding the office of Director pursuant to any SEBI order or order of any other authority. He is not related to any other director on the board. The Board has appointed M/s RSM & Co. as the Scrutinizer for the postal ballot process.