Jtekt India Ltd — earnings calls

JTEKT India reported FY 2025-26 sales growth of 11% against passenger vehicle market growth of 9%, aided by GST-driven demand for Maruti Suzuki models and new SOPs for e Vitara and Victoris. Full-year EBITDA margin declined marginally from 7.60% to 7.5% despite a second-half recovery to 8.48%, with management attributing the dip to product mix changes, a one-time forex accounting impact, higher power costs, and U.S. reciprocal tariffs. Management also discussed capacity utilization across new MS Gear, CPS and CVJ lines, a rights issue completed during the year, and the start of export shipments to Brazil for JTEKT Group's Stellantis platform.