JBM Auto reported consolidated revenue of ₹6,227.30 crore for FY26, marking a 12.7% increase year-on-year. Profit after tax (PAT) rose 10.9% to ₹238.07 crore, while EBITDA grew 15.5% to ₹843.83 crore. The company also announced a capital-raising plan of up to ₹40 billion to support its expansion.

The results were disclosed during the proceedings of the company’s 30th Annual General Meeting (AGM), held on September 16, 2026, via video conferencing. Chairman Surendra Kumar Arya addressed members, highlighting the macroeconomic environment and the evolution of the electric vehicle (EV) sector.

Financial Performance

The financial highlights for the fiscal year ended March 31, 2026, reflect growth across key metrics:

What the Numbers Show

EBITDA growth outpaced revenue expansion by nearly three percentage points, suggesting improved operational leverage or cost management during the period. With EBITDA rising 15.5% against a 12.7% top-line increase, the company’s operating margin expanded, indicating that fixed costs were spread more efficiently over higher sales volumes or that input costs were contained relative to pricing power.

Strategic Developments

Chairman Surendra Kumar Arya emphasized the company’s robust order book, which stands at over 10,000 electric buses. This includes a significant single order of 1,021 e-buses valued at approximately ₹5,500 crore.

The company outlined plans for vertical integration through the expansion of its JBM E-Verse platform. It also noted successful international deployments in Dubai, Jakarta, and Bali, reaffirming its commitment to achieving Net Zero Operations by 2040.

AGM Proceedings

The AGM transacted both ordinary and special business items. Members approved the adoption of audited financial statements for FY26 and the declaration of dividends. The re-appointment of Mr. Nishant Arya as a director liable to retire by rotation was approved as ordinary business.

Special resolutions included:

• Ratification of remuneration payable to Cost Auditors.
• Approval for the issue of securities.
• Re-appointment of Mr. Nishant Arya as Managing Director (Vice-Chairman) for three years effective May 18, 2027, along with his remuneration approval.
• Continuation of Mr. Praveen Kumar Tripathi’s directorship as an Independent Director beyond the age of 75.

Mr. Sanjeev Kumar, Company Secretary & Compliance Officer, confirmed that requisite quorum was present with 133 members attending. The Statutory Auditors’ Report and Secretarial Auditors’ Report contained no qualifications, observations, or adverse comments. Voting results will be communicated to stock exchanges as per SEBI Listing Regulations.

JBM Auto has fixed Wednesday, September 9, 2026, as the record date for shareholders eligible to receive the final dividend of ₹0.85 per equity share for FY26. The Company Secretary confirmed the intimation pursuant to Regulation 42 of SEBI Listing Regulations on August 25, 2026.

The Board of Directors recommended the dividend in its meeting held on May 11, 2026. Shareholders must be on record as of September 9, 2026, to claim the payout, subject to approval at the 30th Annual General Meeting (AGM) scheduled for September 16, 2026. Payment will be made after deducting applicable tax at source.

Financial Performance

The company delivered broad-based growth across both standalone and consolidated operations. On a standalone basis, revenue from operations rose to ₹5,401.82 crore in FY26 from ₹4,777.54 crore in FY25, a growth of 13.07%. Standalone EBITDA increased to ₹488.76 crore from ₹457.93 crore, up 6.72%.

Consolidated performance showed stronger momentum, with revenue from operations growing 11.25% and EBITDA rising 15.53%.

Segment-Wise Performance

All three business segments delivered positive growth. The OEM Division, which encompasses electric bus manufacturing, emerged as the fastest-growing segment at 16.2%, while the Component Division remained the largest contributor at 56.5% of consolidated revenue.

Total segment results grew 20.6%, ahead of revenue growth, indicating operating leverage and improved efficiency. The OEM Division recorded segment profit growth of 16.5%, while the Component Division expanded 15.8%.

What the Numbers Show

Consolidated profit growth of 10.9% lagged revenue growth of 11.3%, partly reflecting the share of losses from joint ventures amounting to ₹31.75 crore. Finance costs on a consolidated basis rose to ₹318.24 crore from ₹246.95 crore, absorbing a portion of the operating gains. The net debt-to-equity ratio stood at 1.98 times as at March 31, 2026, compared to the standalone figure. Other equity strengthened to ₹1,514.62 crore from ₹1,326.98 crore, reflecting a 14.1% increase.

Dividend and Capital Raise

The Board recommended a final dividend of ₹0.85 per equity share (85% on face value of ₹1) for FY26, payable to shareholders on record as of September 9, 2026. Shareholders will also vote on a special resolution to issue securities worth up to ₹1,500 crore. This renews an authority previously passed at the 29th AGM held on September 3, 2025, which expired on September 2, 2026 without utilisation due to market conditions.

Board Appointments and AGM Agenda

Key resolutions at the 30th AGM include the re-appointment of Mr. Nishant Arya as Managing Director (designated Vice-Chairman and Managing Director) for three years from May 18, 2027, with a basic salary of ₹65 lakh per month and perquisites capped at 200% of basic salary. Shareholders will also vote on the continuation of Mr. Praveen Kumar Tripathi as Independent Director beyond age 75, until July 10, 2029.

Material Development Post Year-End

Subsequent to the close of FY26, JBM Ecolife Mobility Private Limited, a subsidiary/joint venture, secured a strategic investment of ₹750 crore from Motilal Oswal Alternates to scale deployment of electric buses across India, with a planned rollout of approximately 2,000 energy-efficient e-buses.

In FY26, JBM emerged as India's top e-bus manufacturer, selling approximately 1,282 electric buses and capturing nearly 24% market share. The company holds one of the largest electric bus manufacturing capacities globally, at around 20,000 buses annually.