JTEKT India issues RPT compliance certificate after audit review

JTEKT India Limited has issued a compliance certificate regarding proposed related party transactions, affirming adherence to regulatory standards. The certificate, dated May 14, 2026, was reviewed by the company’s Audit Committee during its meeting on the same date.

The filing confirms that the disclosures placed before the Audit Committee and the Board meet the requirements of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management certified that the information provided is true, correct, complete, and not misleading in any material respect.

Regulatory Compliance Details

The certificate was jointly issued by Minoru Sugisawa, Chairman & Managing Director, and Vikas Goel, Chief Financial Officer. They affirmed that all material information required under the Companies Act, 2013, and applicable Industry Standards has been disclosed.

Key assertions in the certificate include:

The proposed transactions have been evaluated on an arm’s length basis and ordinary course criteria where applicable.
The transactions are in the interest of the company and supported by appropriate documentation.
All mandatory disclosures under the Industry Standards on "Minimum Information to be Provided to the Audit Committee and Shareholders for Approval of Related Party Transactions" have been made.

Saurabh Agrawal, Company Secretary, confirmed that the fact of placement and review by the Audit Committee has been duly recorded in the meeting minutes. The full certificate is available on the company’s website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.21%	-6.69%	-8.59%	-4.70%	+5.89%	+24.14%

JTEKT India Limited reported a net profit of ₹6.22 crore for the first quarter of FY27, ending June 30, 2026, compared to ₹10.82 crore in the corresponding period of FY26. Total income for the quarter rose 25.6% to ₹721.92 crore, up from ₹574.89 crore in Q1FY26.

The results were approved by the Board of Directors at its meeting held on August 13, 2026, following a review by the Audit Committee. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors.

Financial Performance

Metric	Q1FY27 (₹ in lakhs)	Q1FY26 (₹ in lakhs)	Change
Total Income	7,219.17	5,748.87	+25.6%
Profit Before Tax	86.20	145.37	-40.7%
Net Profit After Tax	62.22	108.16	-42.5%
EPS (Basic/Diluted)	₹0.22	₹0.42	-47.6%

Revenue growth was driven by higher operational activity, though profitability contracted significantly. Earnings per share stood at ₹0.22, down from ₹0.42 in the previous year's quarter.

What the Numbers Show

A divergence emerged between top-line growth and bottom-line performance. While total income expanded by nearly 26%, net profit before tax declined by over 40%. This suggests that cost structures or input prices may have risen faster than revenue during the period, compressing margins despite higher sales volumes.

Dividend Recommendation

The Board recommended a final dividend of ₹0.75 per equity share (75% payout) for the financial year 2025-26. This recommendation is subject to shareholder approval at the Annual General Meeting scheduled for August 26, 2026.

Corporate Governance

The company confirmed it has no subsidiaries, associates, or joint ventures as of March 31, 2026. Paid-up equity capital remained unchanged at ₹27.74 crore.