JAYBARMARUJay Bharat Maruti Ltd.
Jay Bharat Maruti Q2 FY27 Results: Consolidated Total Income ₹829 Crore
- Earnings
- Auto components
Reviewed byKeshav SehgalBlacklitt Research
Jay Bharat Maruti (NSE: JAYBARMARU) reported total income of ₹828.68 crore for the quarter ended 30 Sep 2026, on both a consolidated and standalone basis, and standalone net profit of ₹31.12 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹828.68 crore, up 42.0% YoY and 32.2% QoQ
- Profit before tax: ₹42.71 crore, up 47.8% YoY and 46.0% QoQ
- EPS: ₹2.96 basic, against ₹2.00 in the quarter ended 30 Jun 2026
- Finance costs: ₹11.00 crore, 1.3% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹828.68 crore, up 42.0% YoY and 32.2% QoQ
- Net profit: ₹31.12 crore, up 72.6% YoY and 46.8% QoQ
- EPS: ₹2.87 basic, against ₹1.67 a year earlier, up 71.9%
- Tax expense: ₹10.48 crore, 25.2% of profit before tax of ₹41.60 crore
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 828.68 | 583.69 | +42.0% | 626.97 | +32.2% | |
| Revenue from operations | 823.42 | 582.65 | +41.3% | 626.79 | +31.4% |
| Other income | 5.26 | 1.04 | +407.4% | 0.18 | n/a |
| Profit before tax | 42.71 | 28.90 | +47.8% | 29.26 | +46.0% |
| Finance costs | 11.00 | 9.98 | +10.2% | 10.58 | +4.0% |
| Depreciation | 27.36 | 24.11 | +13.5% | 24.16 | +13.3% |
| EPS, basic (₹) | 2.96 | n/a | n/a | 2.00 | +48.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income rose 42.0% year on year to ₹828.68 crore, and profit before tax rose 47.8% to ₹42.71 crore, so the two moved close together. Revenue from operations of ₹823.42 crore makes up almost all of the total, while other income of ₹5.26 crore is 0.6% of total income and 12.3% of profit before tax.
Finance costs of ₹11.00 crore are 1.3% of total income, and depreciation of ₹27.36 crore rose 13.5% year on year, more slowly than income. The filing notes that revenue from operations includes incentives for investments in Gujarat and Haryana under state industrial policies.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 828.68 | 583.69 | +42.0% | 626.97 | +32.2% | |
| Revenue from operations | 823.42 | 582.65 | +41.3% | 626.79 | +31.4% |
| Other income | 5.26 | 1.04 | +407.4% | 0.18 | n/a |
| 31.12 | 18.03 | +72.6% | 21.20 | +46.8% | |
| Profit before tax | 41.60 | 28.34 | +46.8% | 28.37 | +46.7% |
| Finance costs | 11.00 | 9.98 | +10.2% | 10.58 | +4.0% |
| Depreciation | 27.36 | 24.11 | +13.5% | 24.16 | +13.3% |
| Tax expense | 10.48 | n/a | n/a | 7.16 | +46.3% |
| Net profit margin | 3.75% | 3.09% | +0.67 pp | 3.38% | +0.37 pp |
| EPS, basic (₹) | 2.87 | 1.67 | +71.9% | 1.95 | +47.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 72.6% to ₹31.12 crore, faster than profit before tax (up 46.8%) and total income (up 42.0%). Tax expense was ₹10.48 crore, 25.2% of profit before tax of ₹41.60 crore. The company says it opted for the concessional tax regime under Section 115BAA of the Income-tax Act with effect from 1 Apr 2026, changing the applicable tax rate from 34.94% to 25.17%.
Basic EPS was ₹2.87 against ₹1.67 a year earlier, up 71.9%, and ₹1.95 in the quarter ended 30 Jun 2026. The net profit margin was 3.75%, against 3.09% a year earlier. The company says the current and year-ago quarter figures are balancing figures between year-to-date figures and figures published up to the June quarter, which were subjected to limited review. GSA & Associates LLP issued an unmodified limited review report on both the standalone and consolidated results.
Inference
Cash flow statements for both bases show a cash dividend paid in the half year, of ₹7.58 crore.
The Board approved Radhika Khurana as Company Secretary and Compliance Officer, also Key Managerial Personnel, with effect from 18 Dec 2026. It also re-designated Mayank Varma as Chief Executive Officer for both tooling and auto components business, effective 2 Nov 2026, and Deepak Gupta will look after Strategy and Diversification.
Not stated: the reason for other income rising to ₹5.26 crore from ₹0.18 crore in the June quarter, and whether the lower tax rate affects tax expense in future quarters.
Filed with BSE on . Reference: Original filing (PDF)
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