JTEKT India Reports Q2 Results, Updates on Rights Issue Fund Utilization
Jtekt India Limited released its Q2 FY2026 financial results, showing a 5.58% increase in revenue to INR 63,910.52 lakhs, but a 6.44% decrease in net profit to INR 1,822.77 lakhs. The company's half-yearly results indicate a 4.05% revenue growth but a 15.47% decline in net profit. Jtekt also reported on the utilization of its INR 249.89 crore rights issue funds, with no deviations from stated objectives. The funds are being used for construction of a production facility in Gujarat, capital expenditure, debt repayment, and general corporate purposes. Management changes include new appointments in Corporate Quality and Design & Development roles.
*this image is generated using AI for illustrative purposes only.
Jtekt India Limited , a leading automotive component manufacturer, has released its financial results for the second quarter and half-year ended September 30, 2025, along with an update on the utilization of funds from its recent rights issue.
Q2 Financial Highlights
The company reported the following results for the quarter ended September 30, 2025:
| Particulars (INR in lakhs) | Q2 FY2026 | Q2 FY2025 | % Change |
|---|---|---|---|
| Revenue from Operations | 63,910.52 | 60,530.75 | +5.58% |
| Net Profit | 1,822.77 | 1,948.26 | -6.44% |
| EPS (Basic & Diluted) | 0.68 | 0.75 | -9.33% |
Despite a modest increase in revenue, the company experienced a slight dip in net profit compared to the same quarter last year. The half-yearly results show:
| Particulars (INR in lakhs) | H1 FY2026 | H1 FY2025 | % Change |
|---|---|---|---|
| Revenue from Operations | 120,512.36 | 115,822.24 | +4.05% |
| Net Profit | 2,904.37 | 3,435.89 | -15.47% |
| EPS (Basic & Diluted) | 1.10 | 1.32 | -16.67% |
Rights Issue Fund Utilization
Jtekt India also submitted its monitoring agency report for the utilization of funds raised through a rights issue of equity shares worth Rs 249.89 crore. The report, prepared by Brickwork Ratings India Private Limited, indicates no deviation from the stated objectives. The funds are allocated as follows:
| Purpose | Allocation (Rs Crore) | Utilized (Rs Crore) |
|---|---|---|
| Construction of production facility in Gujarat | 113.51 | 22.70 |
| Capital expenditure for Dharuhera facility | 55.37 | 0.00 |
| Repayment of borrowings | 24.00 | 0.00 |
| General corporate purposes | 53.89 | 24.70 |
| Issue expenses | 3.12 | 2.44 |
The rights issue period was from August 4, 2025, to August 12, 2025. Unutilized proceeds have been deployed in fixed deposits with Axis Bank at interest rates ranging from 4.75% to 7.50%.
Management Changes
The company also announced several changes in its senior management:
- Mr. Dinesh Goel, Head of Corporate Quality, has superannuated from the company.
- Mr. Harmeet Singh Bedi has been appointed as Function Head – Corporate Quality.
- Mr. Amit Kumar Sharma has been appointed as Function Head – Design & Development.
These appointments are effective from November 12, 2025.
Outlook
While Jtekt India has shown resilience in its revenue growth, the company faces challenges in maintaining profit margins. The ongoing utilization of rights issue funds for expansion and improvement of facilities may contribute to future growth. Investors and stakeholders will be watching closely to see how these investments translate into financial performance in the coming quarters.
Historical Stock Returns for Jtekt
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | -1.34% | +3.08% | +14.70% | +1.67% | +105.10% |
18
