Jay Bharat Maruti Limited submitted an investor presentation detailing standalone financial results for Q2 FY27 (quarter ended September 30, 2026) and H1 FY27, pursuant to SEBI Listing Regulations.

Q2 FY27 vs Q2 FY26 Performance

  • Total Income: Increased 97% to ₹828.68 crore from ₹583.69 crore
  • EBIDTA: Grew 28% to ₹79.96 crore from ₹62.43 crore
  • EBIT: Rose 26% to ₹52.60 crore from ₹38.32 crore
  • PBT: Surged 46% to ₹60.41 crore from ₹28.34 crore
  • PAT: Increased 59% to ₹31.12 crore from ₹18.03 crore
  • Cash Accrual Nets: Improved 87% to ₹60.56 crore from ₹53.18 crore

Key Financial Ratios (% of Total Income) Q2 FY27 vs Q2 FY26

  • Material Cost: 75.49% (vs 73.56%) - increased 193 bps
  • Employee Cost: 8.50% (vs 8.96%) - decreased 47 bps
  • Other Expenses: 6.36% (vs 6.78%) - decreased 42 bps
  • EBIDTA: 9.65% (vs 10.70%) - decreased 105 bps
  • Interest Expense: 1.33% (vs 1.71%) - decreased 38 bps
  • Depreciation: 3.30% (vs 4.13%) - decreased 83 bps
  • PBT: 5.02% (vs 4.86%) - increased 16 bps
  • PAT: 3.75% (vs 3.09%) - increased 67 bps

Positive Factors for Margin Movement

  • Higher MSIL volumes leading to improved capacity utilization and operating performance
  • Improved realization due to product mix
  • Lower tax rate of 25.17% (from 34.94%) due to adoption of new tax regime
  • Stable finance cost despite expansion of new plants
  • State incentive from Government of Gujarat for previous FY
  • Steps taken for renewable energy to minimize energy cost
  • Sheet metal turnover increased 42% compared to Q2 previous year

Negative Factors for Margin Movement

  • Adverse commodity prices in context of West Asia Conflict
  • Employee cost increase due to hike of Haryana Minimum Wages

Q2 FY27 vs Q1 FY27 Performance

  • Total Income: Increased 32% to ₹828.68 crore from ₹626.97 crore
  • EBIDTA: Grew 27% to ₹79.96 crore from ₹63.10 crore
  • EBIT: Increased 35% to ₹52.60 crore from ₹38.94 crore
  • PBT: Rose 46% to ₹41.60 crore from ₹28.37 crore
  • PAT: Increased 46% to ₹31.12 crore from ₹21.20 crore
  • Cash Accrual Nets: Improved 26% to ₹60.56 crore from ₹48.06 crore

Key Financial Ratios (% of Total Income) Q2 FY27 vs Q1 FY27

  • Material Cost: 75.49% (vs 72.53%) - increased 296 bps
  • Employee Cost: 8.50% (vs 9.83%) - decreased 133 bps
  • Other Expenses: 6.36% (vs 7.57%) - decreased 121 bps
  • EBIDTA: 9.65% (vs 10.06%) - decreased 42 bps
  • Interest Expense: 1.33% (vs 1.69%) - decreased 36 bps
  • Depreciation: 3.30% (vs 3.85%) - decreased 55 bps
  • PBT: 5.02% (vs 4.52%) - increased 50 bps
  • PAT: 3.75% (vs 3.38%) - increased 37 bps

*Note: Q2 FY27 EBIDTA percentage is lower due to less incentive eligibility (₹29.80 crore vs ₹34.26 crore in Q1). Excluding incentive, overall EBIDTA is positive.

H1 FY27 vs H1 FY26 Performance

  • Total Income: Increased 27% to ₹1,455.65 crore from ₹1,140.58 crore
  • EBIDTA: Grew 11% to ₹143.06 crore from ₹128.29 crore
  • EBIT: Increased 10% to ₹91.54 crore from ₹82.94 crore
  • PBT: Rose 9% to ₹69.97 crore from ₹63.92 crore
  • PAT: Increased 27% to ₹52.32 crore from ₹41.10 crore

Key Financial Ratios (% of Total Income) H1 FY27 vs H1 FY26

  • Material Cost: 74.22% (vs 73.01%) - increased 121 bps
  • Employee Cost: 9.07% (vs 9.05%) - increased 2 bps
  • Other Expenses: 6.89% (vs 6.70%) - increased 19 bps
  • EBIDTA: 9.83% (vs 11.25%) - decreased 142 bps
  • Interest Expense: 1.48% (vs 1.67%) - decreased 19 bps
  • Depreciation: 3.54% (vs 3.98%) - decreased 44 bps
  • PBT: 4.81% (vs 5.60%) - decreased 79 bps
  • PAT: 3.59% (vs 3.60%) - decreased 1 bp

*Note: EBIDTA percentage is lower due to less incentive eligibility in H1 FY27 (₹64.05 crore vs ₹88.70 crore in H1 FY26). Excluding incentive, overall EBIDTA is positive.

Additional Notes

  • All figures are in INR crore except ratios
  • Due to rounding off, ratios may be approximate
  • Red color denotes adverse movement, green color denotes favorable movement in all tables
  • The presentation contains forward-looking statements subject to risks and uncertainties