Jay Bharat Maruti Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2026, recommended Final Dividend of Rs. 0.70 per equity share.
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Jay Bharat Maruti Limited (JBM) reported strong full-year FY26 results with standalone revenue from operations of Rs. 2,550.99 crore, up ~11.4% from Rs. 2,290.12 crore in FY25. Profit after tax surged to Rs. 137.86 crore from Rs. 31.80 crore in the prior year, aided by a one-time deferred tax reversal of Rs. 36.79 crore triggered by a change in the applicable tax rate from 34.94% to 25.17% effective April 2026. Basic EPS stood at Rs. 12.74. The Board recommended a final dividend of Rs. 0.70 per share (35% on face value of Rs. 2), subject to shareholder approval at the AGM on August 25, 2026 (record date August 18, 2026). The company also received Gujarat state incentives of Rs. 159.70 crore for the full year and recognised an incremental labour code impact of Rs. 3.23 crore. Separately, the Board approved an enabling resolution for issuance of securities up to Rs. 750 crore and proposed voluntary delisting from the Calcutta Stock Exchange (shares remain listed on NSE and BSE).
Strong profit growth and dividend declaration are positive signals for shareholders. The large deferred tax reversal inflates near-term PAT, so investors should focus on operational performance. The proposed Rs. 750 crore capital raise could be dilutive depending on structure and use of proceeds.