Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide , has commenced commercial operations of its maiden electric scooter, the R40. This move marks the company's strategic entry into India's electric vehicle sector, with an initial order book of approximately 1000 units and commercial dispatches expected to begin from July 2026, subject to regulatory approvals. The company targets a turnover of approximately ₹100 crore in FY 2027 and ₹350 crore in FY 2028.

The R40 electric scooter offers a claimed range of 165 kilometres on a single charge and has been developed through the subsidiary's in-house research and development capabilities. The vehicle is currently undergoing the final stages of homologation. Jindal Mobilitric has established a state-of-the-art integrated manufacturing ecosystem in Ahmedabad to support its long-term growth plans.

Manufacturing and Capacity

The new manufacturing setup includes an electric two-wheeler facility with an installed annual production capacity of 2.5 lakh units. Additionally, the company has set up an automated in-house battery manufacturing facility of equivalent capacity. This vertically integrated model is designed to ensure superior battery quality, enhanced safety standards, supply chain efficiencies, and cost competitiveness.

Distribution and Financial Outlook

Jindal Mobilitric currently operates 35 dealerships across India and plans to expand this network to 100 dealerships over the next 12 months. The management has provided a revenue projection for the new electric mobility business, anticipating significant growth in the coming financial years.

Amit Agarwal, Vice-Chairman & Managing Director of Jindal Worldwide Limited, stated that the company's integrated manufacturing capabilities and focus on innovation provide a solid foundation for long-term growth. He emphasized that the R40 is well-positioned to meet the demand for safe and reliable electric mobility solutions.

Jindal Worldwide Limited reported a net profit of ₹6,728.99 lakh for the financial year ended March 31, 2026, compared to ₹7,376.66 lakh in the previous year. Revenue from operations for the year stood at ₹2,21,991.93 lakh, slightly lower than the ₹2,22,466.81 lakh recorded in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹2,423.75 lakh on revenue of ₹65,501.56 lakh.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 25, 2026. The statutory auditors, M/s. R. Choudhary & Associates, issued an unmodified opinion on the financial statements. The Board also approved the re-appointment of M/s. Jagdish Verma & Co. as internal auditors and M/s. K. V. Melwani & Associates as cost auditors for the financial year 2026-2027.

Consolidated Performance

On a consolidated basis, the company reported a net profit of ₹6,980.50 lakh for FY26, down from ₹7,556.60 lakh in the previous year. Total revenue for the year was ₹2,29,500.52 lakh. The Textiles segment remained the primary reportable segment, contributing ₹2,27,690.32 lakh in revenue for the year, while the Electric Vehicles segment reported a loss before interest and tax of ₹814.93 lakh.

Financial Position

The company's total assets stood at ₹1,60,881.53 lakh as of March 31, 2026, compared to ₹1,56,288.53 lakh a year ago. Equity share capital remained unchanged at ₹10,026.02 lakh. The company reported cash and cash equivalents of ₹3,680.33 lakh at the end of the financial year, an increase from ₹2,664.11 lakh in the previous year.

Key Financial Metrics

The Board did not recommend a dividend for the financial year 2025-26. The financial results are available on the company's website and the exchanges.