JTEKT India FY26 net profit rises 2% to ₹769 crore

JTEKT India Limited reported a net profit of ₹769 crore for the financial year ended March 31, 2026, a 2% increase from ₹753 crore in the previous year. Revenue from operations rose 11% to ₹26,656 crore, outpacing the passenger vehicle market growth of 9%. The board recommended a final dividend of ₹0.75 per equity share, subject to shareholder approval at the Annual General Meeting scheduled for August 26, 2026.

Financial Performance

The company's audited results reflect steady growth across key metrics. EBITDA for the year increased by 10% to ₹2,000 crore, though the EBITDA margin dipped slightly to 7.5% from 7.6% in the previous year. The following table summarises the annual financial performance:

Metric	FY25 (Rs/Mn)	FY26 (Rs/Mn)	YoY %
Sales Revenue	23,993	26,656	11%
EBITDA	1,824	2,000	10%
Operating Profit	998	1,007	1%
Profit After Tax	753	769	2%

Q4 Standalone Performance

On a quarterly basis, JTEKT India delivered improvement in profitability. For the quarter ended March 31, 2026, standalone net profit stood at ₹275 crore versus ₹246 crore in the same quarter last year. Revenue from operations for Q4 FY26 was ₹7,803 crore, compared to ₹6,492 crore in Q4 FY25. EBITDA for the quarter rose 32% to ₹720 crore.

Segment and Geographic Mix

The product mix for FY26 was dominated by Steering & Columns, which accounted for 94.1% of sales, while Driveline contributed 5.9%. Geographically, domestic sales constituted 97.2% of the revenue, with exports making up the remaining 2.8%. In terms of product revenue breakup, CEPS accounted for 45.5%, followed by RPS M at 26.5%.

Balance Sheet and Ratios

The company's debt-equity ratio increased to 0.28 in FY26 from 0.17 in FY25, while the Fixed Assets Turnover Ratio decreased to 2.17 from 2.72 in the previous year. The decline in fixed assets turnover is attributed to the inclusion of CWIP assets related to the new Gujarat project, which is yet to be operationalised.

Board Decisions

The board approved the re-appointment of Mr. Minoru Sugisawa as Chairman & Managing Director for a period of two years effective from June 1, 2026. Additionally, Mr. Rajiv Chanana was re-appointed as Wholetime Director for one year, and Mr. Masahiko Morimoto was re-appointed as Non-Executive Independent Director for five years. Mr. Arun Arora was re-designated as Head of Cost Control Department.

Operational Outlook

Management highlighted that sales growth was supported by the start of production for e Vitara and Victoris by Maruti Suzuki, and increased demand for models like Alto, Jimny, Baleno, Ertiga and Brezza following a reduction in GST rates. The company expects capacity utilization for new lines, including CVJ and MS Gear, to improve significantly over the next 12 to 18 months. Exports to Brazil are set to commence, with volumes expected to reach 70,000 units in the current year and potentially grow to 5 lakh units annually.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.19%	-6.56%	-9.19%	-15.96%	-9.13%	+16.67%

Maruti Suzuki India Limited has filed a disclosure with the National Stock Exchange of India Limited (NSE) and BSE Limited regarding its shareholding in JTEKT India Limited. The submission, dated April 3, 2026, complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. The report details the encumbrance status of shares held by the promoter for the financial year ended March 31, 2026.

Disclosure of Encumbrance

The filing specifically addresses the encumbrance of shares by the promoter, Maruti Suzuki India Limited, in the target company, JTEKT India Limited . The shares of the target company are listed on both the NSE and BSE. The disclosure provides a breakdown of the promoter's holding and the specific details regarding the encumbrance created.

Shareholding Details

According to the data provided in the disclosure, Maruti Suzuki India Limited holds a significant stake in JTEKT India Limited. The table below outlines the specific number of shares held and the percentage of share capital they represent, both before and after the encumbrance event.

Name of the Promoter(s) or PACs	Promoter holding in target company (No. of shares)	Promoter holding in target company (% of total share capital)	Promoter holding already encumbered (No. of shares)	Promoter holding already encumbered (% of total share capital)	Post event holding encumbered shares (No. of shares)	Post event holding encumbered shares (% of total share capital)
Maruti Suzuki India Limited	1,50,54,545	5.43	NA	NA	1,50,54,545	5.43

The document confirms that the entire holding of 1,50,54,545 shares, which accounts for 5.43% of the total share capital, is currently encumbered. The filing was signed by Sanjeev Grover, Executive Officer & Company Secretary of Maruti Suzuki India Limited.