Jay Bharat Maruti Limited has informed the Exchange about Investor Presentation
JAYBARMARU · price
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Jay Bharat Maruti reported strong Q4 FY26 and full-year FY26 results. Q4 Total Income rose 25.5% YoY to ₹766.98 Cr, with EBITDA at ₹91.90 Cr (57.5% YoY jump) and PAT surging 302% to ₹78.86 Cr. Full-year FY26 Total Income grew 11.4% to ₹2,553.91 Cr. However, the PAT jump was partly inflated by a one-time ₹36.79 Cr benefit from Deferred Tax Liability remeasurement due to the company switching to the concessional 25.17% tax rate from 34.94%, plus a ₹35.50 Cr GST incentive accrued for the J5 Plant. EBITDA margin improved modestly to 11.18% in FY26 from 7.30% in FY25, aided by higher MSIL volumes and improved capacity utilisation. Higher interest expenses from new plant capitalisation were a headwind.
Underlying operational performance looks solid with volume-driven margin expansion, but the large PAT jump is misleading as it includes one-off tax benefits — investors should focus on EBITDA and operational EBIT for a true picture of performance.