Staff Writer
New Delhi: Jamna Auto Industries Limited has reported a strong performance for the quarter ended December 31, 2025, posting a sharp sequential rise in revenue and profitability, aided by recovery in the commercial vehicle segment, improved operating leverage and continued traction in the aftermarket business.
The company’s consolidated net sales for Q3 FY26 stood at ₹668 crore, marking a 26 per cent increase over ₹531 crore reported in the preceding quarter. On a year-on-year basis, revenue rose 19 per cent from ₹562 crore in Q3 FY25.
Earnings before interest, tax, depreciation and amortisation (EBITDA) surged to ₹117 crore during the quarter, compared with ₹72 crore in Q2 FY26 and ₹78 crore in the corresponding quarter last year. EBITDA margin improved to 17.5 per cent, reflecting cost optimisation measures and better capacity utilisation.
Profit before tax, excluding a one-time abnormal provision of ₹12 crore on account of wage code impact, came in at ₹95 crore, up 69 per cent sequentially and 50 per cent year-on-year. Net profit for the quarter stood at ₹58 crore, registering a 47 per cent rise over the previous quarter and a 33 per cent increase over Q3 FY25. Cash accruals during the quarter were reported at ₹76 crore.
For the nine-month period ended December 2025, the company reported net sales of ₹1,772 crore, up 9 per cent from ₹1,632 crore in the same period last year. EBITDA for the period rose 20 per cent to ₹267 crore, while profit after tax increased 11 per cent to ₹144 crore.
Chairman and Executive Director Randeep Singh Jauhar said the company delivered broad-based growth during the quarter, supported by improved demand across key OEM segments and steady expansion in the aftermarket. He added that capacity and product expansion projects remain on schedule, positioning the company for long-term scalability.
During the quarter, the Adityapur spring plant was commissioned and commenced commercial production. The Indore spring facility is expected to begin operations in the fourth quarter of FY26. Construction of new integrated suspension and rubber projects is also progressing as planned.
In a strategic development, the company entered into an export agreement with the Stellantis Group, strengthening its global OEM presence and expanding its international footprint.
Industry data cited in the presentation indicated that medium and heavy commercial vehicle production grew 24 per cent quarter-on-quarter and 20 per cent year-on-year in Q3 FY26. Light commercial vehicle production rose 2 per cent sequentially and 16 per cent annually, signalling improving sector demand.
Jamna Auto, described as India’s largest manufacturer of tapered and parabolic leaf springs, continues to derive nearly 77 per cent of its revenue from OEMs, with the remaining 23 per cent from non-OEM markets. The company operates 10 manufacturing facilities across key automotive hubs in the country and exports to more than 20 countries.
As part of its long-term roadmap titled “Lakshya Rise 5000,” the company aims to achieve ₹5,000 crore in revenue, increase contribution from new markets including the Indian aftermarket and exports to 40 per cent, deliver 40 per cent return on capital employed and maintain a 50 per cent dividend payout.
The company also outlined ongoing digital transformation initiatives, including deployment of dealer management systems, vehicle tracking systems and analytics tools to strengthen supply chain efficiency and real-time decision-making.
