Jay Ushin Limited has published advertisements for its unaudited financial results for the quarter ended December 31, 2025, in leading newspapers following regulatory compliance requirements. The company submitted the advertisement copies to BSE Limited on February 16, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Advertisement Publication and Regulatory Compliance

The company published its Q3 FY26 financial results advertisement in Financial Express (English newspaper) and Jansatta (Hindi newspaper) as required under SEBI regulations. The submission was made to BSE Limited's Corporate Relationship Department with script code 513253.

Financial Performance Highlights

The published financial results show strong operational performance for the quarter ended December 31, 2025. The company reported total income from operations of ₹24,510.51 lakhs, representing growth from the previous year's corresponding quarter of ₹21,851.19 lakhs.

Board Approval and Corporate Governance

The Board of Directors approved the unaudited financial results during their meeting held on February 14, 2026. The results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors before approval.

Company Information and Operations

Jay Ushin Limited operates as a joint venture with Ushin Ltd. Japan, primarily engaged in manufacturing automobile components. The company maintains its registered office at GI-48, G.T. Karnal Road, Industrial Area, Delhi-110033, with corporate office in Gurgaon, Haryana.

The complete financial results are available on BSE website www.bseindia.com and the company's official website for stakeholder reference.

Jay Ushin Limited has received reaffirmation of its credit ratings from CRISIL Ratings, maintaining its position in the automotive components sector despite facing profitability challenges. The company informed BSE through a regulatory filing dated January 21, 2026, about the rating reaffirmation by CRISIL Ratings.

Credit Rating Details

CRISIL Ratings reaffirmed Jay Ushin Limited's credit ratings for bank loan facilities worth ₹125.00 crores. The rating action maintains the company's financial standing in the market.

Financial Performance and Business Strengths

The automotive components manufacturer demonstrated strong revenue growth, with operating income increasing to ₹855.20 crores in FY25 from ₹726.25 crores in FY24. The company has established a strong market position through over three decades of promoter experience and healthy customer relationships.

Jay Ushin serves as a Tier-1 supplier to major 4-wheeler and 2-wheeler original equipment manufacturers, with 70-75% sales from 4-wheeler segment and 20-25% from 2-wheeler segment. The company maintains 99% domestic sales and 1% exports to Suzuki Japan.

Key Rating Drivers and Challenges

CRISIL Ratings highlighted the company's established market position and reputed clientele as key strengths. Nearly half the revenue comes from the top 3 customers, who are leading OEMs in India. The company's association with JPM Group and dominance in the Indian market provides revenue visibility.

However, the ratings also reflect certain weaknesses:

• Low Profitability: Operating margins remained at 3-4% through fiscal 2024 • Moderate Financial Risk: Overall gearing at 1.13 times and TOLANW ratio at 2.39 times as of March 31, 2025 • Interest Coverage: Interest coverage ratio at 2.25 times for fiscal 2025

Liquidity and Financial Metrics

The company maintains adequate liquidity with moderate bank limit utilization at around 67% for the twelve months ended November 2025. Cash accruals are expected to be ₹30-35 crores, sufficient against term debt obligations of ₹9-18 crores over the medium term.

Company Background and Operations

Incorporated in 1986, Jay Ushin Limited operates as a joint venture between the JPM group and U-Shin Ltd, Japan. The company manufactures automotive components including lock and key sets, combination switches, heater control panels, and door latches. It operates manufacturing units across Gujarat, Chennai, Bengaluru, Manesar, Jharsa in Haryana, and Bhiwadi in Rajasthan, with headquarters in Gurugram.