JTEKT India Limited has announced its audited financial results for the quarter and year ended March 31, 2026, approved at a board meeting held on May 14, 2026. The company reported a net profit of ₹7,689.08 lakh for the full financial year, a slight increase from ₹7,526.31 lakh recorded in the previous year. Revenue from operations for FY26 rose to ₹2,66,557.51 lakh, up from ₹2,39,933.62 lakh in the corresponding period, while total income for the year reached ₹2,69,047.81 lakh. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and carry an unmodified audit opinion from statutory auditors B S R & Co. LLP. Following the results announcement, the company has scheduled a conference call for analysts and investors on Wednesday, May 20, 2026, at 3:15 PM IST to discuss the audited financial results for the year ended March 31, 2026.

Analyst & Investor Conference Call

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, JTEKT India has scheduled a conference call to discuss its FY26 annual results. The call will begin with a brief management discussion on earnings performance, followed by an interactive Question & Answer session. The company will be represented by Mr. Minoru Sugisawa, Chairman & Managing Director, and Mr. Rajiv Chanana, Wholetime Director. The details of the conference call are as follows:

For further information, investors and analysts may contact Mr. Saurabh Agrawal, Company Secretary, at Mobile: 8860009566 or Email: saurabh.agrawal@jtekt.co.in .

Financial Performance

The company's audited results reflect steady growth across key metrics. The following table summarises the annual financial performance:

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 ₹2,749.11 lakh versus ₹2,464.55 lakh in the same quarter last year. Revenue from operations for Q4 FY26 was ₹78,032.81 lakh, compared to ₹64,918.71 lakh in Q4 FY25. The key Q4 metrics are summarised below:

The company noted exceptional items for the year totalling ₹597.54 lakh, comprising a Voluntary Separation Scheme (VSS) cost of ₹352.26 lakh and a past service cost of ₹245.28 lakh relating to gratuity payable to certain employees pursuant to new Labour Codes notified by the Government of India.

Rights Issue and Capital Structure

During FY26, the company completed a Rights Issue of 23,116,407 equity shares at ₹108.10 per share (including a premium of ₹107.10 per share), aggregating ₹24,988.84 lakh. The equity shares were allotted on August 13, 2025. Consequently, the paid-up equity share capital increased from ₹2,542.80 lakh to ₹2,773.97 lakh. The proceeds are being utilised for the specified objects of the Rights Issue. Basic and diluted earnings per share for the quarter and year ended March 31, 2025 have been restated for the bonus element in respect of the rights issue, pursuant to Ind AS 33.

Balance Sheet Highlights

The company's total assets stood at ₹1,97,120.68 lakh as at March 31, 2026, compared to ₹1,46,270.40 lakh as at March 31, 2025. Total equity increased to ₹1,18,581.11 lakh from ₹87,987.83 lakh. Key balance sheet figures are presented below:

Cash Flow Summary

Net cash flow generated from operating activities for FY26 was ₹9,930.28 lakh, compared to ₹19,448.73 lakh in the previous year. Net cash used in investing activities was ₹46,965.84 lakh, reflecting capital expenditure of ₹43,953.48 lakh on property, plant and equipment, capital work-in-progress and related items. Net cash generated from financing activities was ₹39,191.59 lakh, supported by proceeds from the rights issue of ₹24,718.70 lakh and proceeds from non-current borrowings of ₹19,000.00 lakh. Cash and cash equivalents at the end of the year stood at ₹3,786.85 lakh, up from ₹1,630.82 lakh at the beginning of the period.

Dividend Declaration

The board has recommended a final dividend of 75%, equivalent to ₹0.75 per equity share of Re. 1 each, for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing 42nd Annual General Meeting, scheduled to be held on August 26, 2026. The payment of the dividend will be completed within 30 days of declaration at the AGM. The record date for entitlement of the dividend shall be decided and informed in due course.

Board Appointments and Management Changes

The board approved the re-appointment of several key personnel and one management re-designation. All re-appointments of directors are subject to the approval of shareholders at the ensuing general meeting, and none of the re-appointed directors are debarred from holding office by virtue of any order of SEBI or any other authority. The details are summarised below:

Mr. Arun Arora, a finance professional with over 33 years of experience including 20 years with JTEKT India, has been re-designated as Senior Management Personnel and Head of the Cost Control Department effective May 14, 2026.

JTEKT India Limited has disclosed that it received an Assessment Order from the Income Tax Department, Ministry of Finance, Government of India. The order pertains to the financial year 2022-23 and was received on 6 May 2026. The intimation was made on 7 May 2026 in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Details of the Assessment Order

The Assessment Order has resulted in certain additions and disallowances amounting to INR 313.67 million relative to the income disclosed by the company in its Income Tax Return. Consequently, a notice of demand, inclusive of interest, totaling INR 137.36 million has been issued to the company. The key details of the order are outlined in the table below.

Context of the Proceedings

The assessment proceedings were concluded after considering the post-merger modified income tax return filed under section 170A of the Act. The subsidiary company, JTEKT Fuji Kiko Automotive India Limited, was merged with JTEKT India Limited effective 01 April 2022, pursuant to an order from the National Company Law Tribunal dated 12 December 2023. Additionally, the company has received a Show Cause Notice for the initiation of penalty proceedings in connection with the Assessment Order.

Company Response and Impact

In response to the order, JTEKT India has stated that it will be filing an appeal before the Commissioner of Income Tax (Appeals) against the additions and disallowances made. The company further clarified that there is no impact on the financial, operational, or other activities of the company due to this order.