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Earnings Call

JTEKT India Earnings Call: Key Takeaways

JTEKT India delivered 11% revenue growth for FY26, outperforming PV market growth of 9%. Performance was bolstered by Maruti Suzuki EV wins and significant GST reform on small cars.

Why this was an Alfa AlertNot a filter event. Results were generally in line with market performance and management expectations without a 10% guidance beat.
Highlights
Revenue growth11% growth vs 9% PV market growth in FY26.
MarginsEBITDA margin at 7.5%; expects recovery via export scale and utilization.
Order bookNew purchase order from Brazil starting May 2026.
Demand visibilityPositive, specifically for EV MPVs and small cars post-GST cuts.
Management confidenceStrong; emphasized readiness for major Maruti/Toyota EV expansion.

Growth

Sales grew 11% YoY; EBITDA margins for H2 reached 8.48%, though full-year margins slightly dipped to 7.5%.

Outlook

Targeting 15% market share in CVJs; Gujarat plant operational by FY27; guiding potential 10% market growth plus exports.

Risks

Product mix changes (lower Honda/Toyota volumes), U.S. tariffs (INR 63m impact), and increased power/trial costs for new lines.

Source

Earnings Call filed with BSE, NSE: JTEKTINDIA. Summary written with AI assistance from the document.

Read the document ↗

JTEKT India Ltd: key numbers

Share price
₹118.07
Market cap
₹3,275 Cr
Revenue (annual)
₹2,666 Cr
Net profit (annual)
₹76.89 Cr
P/E (TTM)
45.3×Sector 33.6×
Promoter holding
74.98%+0.00% QoQ
FII holding
0.60%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from JTEKT India Ltd

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22:29 IST NSE
Legal & Regulatory

JTEKT India Legal & Regulatory

Jtekt India received a GST notice regarding an appeal by the tax department, involving penalties totaling ₹2.41 Crore.

Value
₹2.41 Cr