JTEKT India’s 5.32% margin trails peers as stock falls 4.27%
Standalone Q1 profit was squeezed by depreciation and interest, while other income of Rs 3.93 cr was material against pre-tax profit of Rs 8.62 cr.
Filed 13 Aug 2026, 13:00 IST · JTEKT India Ltd (JTEKTINDIA)
Key takeaways
- JTEKT India’s standalone Q1FY27 operating margin of 5.32% was 7.96 percentage points below the 13.28% median for 171 Consumer Discretionary peers.
- Depreciation of Rs 28.31 cr and interest of Rs 5.20 cr reduced operating profit of Rs 38.19 cr to profit before tax of Rs 8.62 cr.
- The stock fell 4.27% on the results day, with trading volume at 4.8 times its usual level.
Price around the results
Depreciation and interest absorbed most operating profit
JTEKT India reported standalone Q1FY27 revenue of Rs 717.98 cr, but depreciation of Rs 28.31 cr and interest of Rs 5.20 cr reduced operating profit of Rs 38.19 cr to profit before tax of Rs 8.62 cr. Other income of Rs 3.93 cr was a material component of pre-tax profit, making reported earnings less dependent on operations alone. Net profit was Rs 6.22 cr, with EPS of Rs 0.22.
Operating margin was well below the peer median
The 5.32% standalone operating margin was 7.96 percentage points below the 13.28% median among 171 Consumer Discretionary companies that had reported the quarter. That gap places JTEKT India near the lower end of the reported sector range, ranking 22nd from the bottom.
Results-day sell-off came with heavy volume
The stock fell 4.27% on 13 August, underperforming the market by 4.11 percentage points. Volume was 4.8 times its usual level, indicating unusually active trading around the results.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹718 cr |
| Other income | ₹4 cr |
| Expenses | ₹680 cr |
| Operating profit | ₹38 cr |
| Operating margin (%) | 5.32% |
| Interest | ₹5 cr |
| Depreciation | ₹28 cr |
| Profit before tax | ₹9 cr |
| Tax | ₹2 cr |
| Net profit | ₹6 cr |
| EPS (₹) | ₹0.22 |
Operating margin of 5.32% compares with a Consumer Discretionary sector median of 13.28% across 171 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -4.27% | -4.11% |
Volume on the results session was 4.80× its 20-day average.
What to watch
- Whether standalone operating margin moves above 5.32%.
- Whether profit before tax improves from Rs 8.62 cr despite depreciation of Rs 28.31 cr and interest of Rs 5.20 cr.
- Whether other income remains a material contributor relative to pre-tax profit of Rs 8.62 cr.