JTEKT India Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth in latest quarter (₹583.88 Crore) marks a strong recovery post a dip in Q2 2023.
Net profit surged to ₹30.16 Crore, reflecting improved operational efficiency compared to prior quarters.
Operating profit margin improved significantly, indicating better cost management and pricing strategies.

NEGATIVES

Expenses increased in Q3 2023, particularly material costs, affecting overall profitability.
Profit before tax showed fluctuations, suggesting instability in operational performance over recent quarters.
Despite revenue growth, the operating profit decrease in Q3 raises concerns about sustainability of margins.

Field	Dec 21	Mar 22	Jun 22	Sep 22	Dec 22	Mar 23	Jun 23	Sep 23
Revenue	412.67	470.02	471.74	570.99	471.03	530.18	477.52	583.88
Expenses	393.62	445.85	450.07	531.91	452.85	500.23	463.55	544.50
Operating Profit	19.05	24.17	21.67	39.08	18.18	29.95	13.97	39.38
Other Income	2.36	2.37	2.71	2.11	1.79	1.95	3.57	2.19
Interest	0.83	1.20	1.21	1.24	1.06	1.22	1.30	1.21
Depreciation	17.26	16.68	17.12	17.76	19.09	19.24	19	19.58
Profit Before Tax	21.41	21.31	21.12	41.19	19.96	31.90	24.94	41.57
Tax	5.57	5.82	5.56	11.10	4.67	5.73	6.28	11.41
Net Profit	15.85	15.48	15.56	30.09	15.29	26.18	18.66	30.16
Eps in Rs	0.59	0.58	0.58	1.14	0.39	1.03	0.70	1.11