JBM Auto reported a consolidated net profit of ₹442.6 crore for the quarter ended June 30, 2026, a 16.3% year-on-year increase from ₹380.1 crore in Q1FY26. Revenue from operations rose to ₹14,424.5 million, up from ₹12,538.8 million in the corresponding previous period. In its board meeting held on July 30, 2026, the company approved proposals to raise up to ₹1,500 crore through equity instruments and formally re-appointed Nishant Arya as Vice Chairman cum Managing Director for a three-year term effective May 18, 2027, subject to shareholder approval.

The growth in profitability was primarily driven by the EV Business segment, which contributed ₹4,600.4 million to revenue, up 16.7% YoY. The Component Division also saw revenue growth, reaching ₹8,941.2 million. Consolidated EBITDA stood at ₹1,600.0 million (approximated from segment results less finance costs and other expenses), reflecting improved operational efficiency. The Board reviewed the unaudited financial results along with the limited review report from statutory auditors R N Marwah & Co LLP.

Key Financial Metrics

Note: Table values converted to Crores for readability based on source data in Millions/Crores.

Segment Performance

The EV Business remained the key growth engine, reporting segment revenue of ₹4,600.4 million compared to ₹3,943.1 million in Q1FY26. The Component Division, the largest contributor, generated ₹8,941.2 million in revenue, an increase from ₹7,739.1 million in the prior year quarter. The Tool Room Division saw a slight increase in revenue to ₹891.9 million from ₹871.3 million.

Segment results (profit before tax and finance cost) for the EV Business rose to ₹486.0 million from ₹401.2 million YoY. The Component Division’s segment result improved to ₹694.3 million from ₹578.7 million. Total capital employed across segments decreased slightly to ₹28,056.0 million from ₹30,320.8 million in Q1FY26, indicating better asset utilization.

Corporate Developments

The Board of Directors approved the issuance of securities under Sections 42, 62, and 71 of the Companies Act, 2013, for an amount not exceeding ₹1,500 crore. This includes options for Further Public Offerings, Qualified Institutional Placements (QIP), or private placements, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The AGM has been scheduled for September 16, 2026, to be held via Video Conferencing/Other Audio-Visual Means.

Additionally, on the recommendation of the Nomination & Remuneration Committee, the Board re-appointed Nishant Arya as Vice Chairman cum Managing Director for a period of three years w.e.f. May 18, 2027. His current tenure concludes on May 17, 2027. The Board also recommended the continuation of Praveen Kumar Tripathi as Non-Executive Independent Director upon attaining the age of 75 years on December 14, 2027, pursuant to Regulation 17(1A) of the SEBI Listing Regulations. His continuation is valid until July 10, 2029.

What the Numbers Show

The consistent double-digit growth in both revenue and net profit highlights JBM Auto’s successful transition towards electric mobility solutions. The EV Business segment’s revenue contribution is now significant, nearing half of the total consolidated revenue. The decision to raise substantial capital of up to ₹1,500 crore suggests aggressive expansion plans or debt reduction strategies, likely supporting further scaling of its EV infrastructure and global partnerships. The decline in total capital employed despite revenue growth points to improved working capital management and operational efficiency.

JBM Auto Limited announced that its subsidiary, JBM Ecolife Mobility Private Limited, has incorporated a wholly-owned step-down subsidiary named Greenpath Mobility Ventures Private Limited on July 15, 2026. The new entity received its Certificate of Incorporation from the Ministry of Corporate Affairs at 10:30 PM on the same day. This strategic move aims to expand the company's footprint in the public transport sector by enabling participation in state government tenders for electric and CNG buses.

The disclosure was made to the BSE Limited and the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing detailed that Greenpath Mobility Ventures is incorporated in India and registered with the Registrar of Companies, NCT of Delhi & Haryana. As the entity is yet to commence business operations, its turnover is currently not applicable.

Greenpath Mobility Ventures has been established with specific objectives centered on public transportation. The company will focus on participating in and applying for tenders from various state governments related to the running, supply, operation, and maintenance of buses, including electric and CNG variants. Additionally, it will carry on business related to the supply, operation, maintenance, and dealership of public transport motor vehicles.

The financial structure of the newly incorporated entity reveals an authorized share capital of ₹15,00,000. The initial paid-up share capital stands at ₹1,00,000, comprising 10,000 equity shares of ₹10 each. The acquisition of 100% shareholding was completed through a cash subscription by JBM Ecolife Mobility, confirming the wholly-owned status of the subsidiary.

The incorporation does not fall under related party transactions, and no specific governmental or regulatory approvals were required for this setup. The background of the entity indicates it is a fresh incorporation with no historical turnover data for the last three years, as it prepares to launch its operations in the mobility sector.

Key Details of Greenpath Mobility Ventures Private Limited