JTEKT India Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Net profit of JTEKT India rose 55.33% to Rs 23.75 crore in the quarter ended December 2023 as against Rs 15.29 crore during the previous quarter ended December 2022. Sales rose 17.19% to Rs 552.00 crore in the quarter ended December 2023 as against Rs 471.03 crore during the previous quarter ended December 2022.

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JTEKT India will hold a meeting of the Board of Directors of the Company on 14 February 2024.

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The order entails supplying loose child parts for final assembly as per the purchase order (PO). The PO for the supply of goods will be initiated by the company in the calendar year 2023. The sale of goods and support services will be provided throughout the project's lifespan.

JTEKT Brasil is a group company of JTEKT Corporation, Japan. The Holding Company of JTEKT India is JTEKT Corporation, Japan. Hence, JTEKT Brasil and JTEKT India are related parties.

JTEKT India is a part of JTEKT Corporation Japan and operates as part of JTEKT Group India. It is engaged in the business of manufacturing / production, supply and sale of steering systems, viz. steering gears, columns and RPS assemblies, axle assemblies and other auto ancillaries to almost all Indian passenger car and utility vehicle manufacturers.

The company's consolidated net profit declined 2.70% to Rs 27.02 crore despite a 2.26% rise in sales to Rs 583.88 crore in Q2 FY24 as compared with Q2 FY23.

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JTEKT India has received new order from JTEKT Brasil for supply of loose child parts for final assy as per PO for Rs 182.7 crore.

JTEKT Brasil is a group company of JTEKT Corporation, Japan. The Holding Company of JTEKT India Limited is JTEKT Corporation, Japan. Hence, JTEKT Brasil and JTEKT India are related parties.

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