JTEKT INDIA LIMITED

During the earnings conference call held on May 20, 2026, JTEKT India Limited reported a sales growth of 11% for FY '25-'26, outperforming the passenger vehicle market growth of 9%. The management attributed this growth to increased demand following a reduction in GST rates, particularly benefiting smaller vehicles. The passenger vehicle segment achieved sales of 5.54 million units, a 9% increase from the previous year. However, the EBITDA margin for the full year declined slightly to 7.5%. Management noted strict control over fixed costs, with a reduction in employee and administrative costs. They highlighted a successful rights issue, with strong participation from both promoters and public shareholders. The call also addressed challenges such as declining gross margins and the impact of product mix changes. Management expressed optimism about future growth driven by new model launches and increased exports, particularly to Brazil.

The management highlighted both achievements and challenges during the earnings call.