Auto Ancillary Stock Hits 20% Upper Circuit After Reporting 359% YoY Increase in Net Profit

Synopsis: JBML shares hit a 20% upper circuit after Q3 results, with revenue rising 9.1% YoY to ₹645 crore and net profit surging 359% YoY to ₹18.36 crore. Its earnings per share (EPS) for the quarterly period stood at ₹ 1.65.

The shares of the Micro-Cap company specializing in the manufacturing of key automotive components, primarily focusing on sheet metal components, welded assemblies, exhaust systems, fuel fillers, and chassis/suspension parts, are in focus following their Q3 results, with a 359 percent jump in profit.

With a market capitalization of Rs. 1,092.24 Crores on the Day’s Trade, the shares of Jay Bharat Maruti Ltd hit a 20 percent upper circuit, reaching a high of Rs. 100.90 compared to its previous close of Rs. 84.09.

What Happened

Jay Bharat Maruti Ltd, engaged in the manufacturing of key automotive components, is in the spotlight today as it has announced its Q3 results as follows: Its Revenue from operations rose by9.1percent YoY from Rs. 591 Crores in Q3FY25 to Rs. 645  Crores in Q3FY26, and it rose by11 percent QoQ from Rs. 583  Crores in Q2FY26 to Rs. 645  Crores in Q3FY26.

Its Net Profit YoY rose by 359 percent from Rs. 4 Crores in Q3FY25 to Rs. 18.36 Crores in Q3FY26, and on a QoQ basis, it declined by 0.32 percent from Rs. 18.42 Crores in Q2FY26 to Rs. 18.36 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 1.65, compared to Rs. 1.67  in the previous year’s quarter.

Other Update

Jay Bharat Maruti Limited has announced an investment of approximately Rs. 170 crores in Phase II of its Plant J7 located at Plot No. 831, IMT, Kharkhoda, Sonipat, Haryana. This investment was approved by the Board of Directors in their meeting held on February 6, 2026.

Earlier, the company had sanctioned a total capex of Rs. 350 crores for setting up two new manufacturing plants in Haryana and Gujarat to serve its key customer, Maruti Suzuki. Of this, Rs. 40 crores remained unutilized and will now be utilized for Phase II of Plant J7.

This expansion reinforces Jay Bharat Maruti Limited’s commitment to strengthening its manufacturing capabilities and catering to the growing requirements of its customers in the region.

Company Overview & Others

Jay Bharat Maruti Limited (JBML), incorporated in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL), is the flagship company of the US$3.3 billion JBM Group. It is a leading manufacturer of key automotive systems and assemblies, including BIW parts, welded assemblies, exhaust systems, fuel fillers, and suspension systems, primarily serving Maruti Suzuki India Ltd.

Over the years, JBML has focused on building a comprehensive and intelligent ecosystem, setting new global benchmarks in quality, innovation, and sustainability within the automotive sector. The JBM Group has a diversified presence across automotive, buses, and electric vehicles, EV charging infrastructure, engineering and design services, and renewable energy. With over 70 manufacturing plants, 5 engineering and design centers, and operations in more than 37 countries, the group has established a strong global footprint.

The company has delivered a decent ROCE of 7.87% and an ROE of 5.61%, indicating stable operational efficiency. While the industry trades at a higher PE of 28.3, the company maintains a healthy dividend payout of 22.8%, reflecting consistent shareholder returns.

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