JBM Auto LimitedQ2 FY27 Results & Financial Update

JBM Auto Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,656.37 Cr, PAT ₹61.30 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: JBMAPublished 26 Oct 2026Updated 26 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹1,656.37 CrReported Q2 FY27
Profit after tax₹61.30 CrReported Q2 FY27
Sequential change+38.5%Quarter-on-quarter

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Quarterly Results AnalysisExplore JBM Auto Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

JBM Auto Limited posted consolidated total revenue of INR 1,656.37 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter's revenue of INR 1,442.45 crore. Total income for the period reached INR 1,666.62 crore.

02

Profit before tax (PBT) advanced to INR 74.18 crore from INR 60.02 crore recorded in the preceding quarter.

03

Profit after tax (PAT) rose to INR 61.30 crore for Q2 FY27, compared with INR 44.26 crore in the first quarter of the fiscal year, yielding basic and diluted earnings per share of INR 2.49.

04

Total expenses and provisions shape the bottom line, with provisions standing at INR 1,63.65 crore for the reported quarter.

05

Finance costs were recorded at INR 73.06 crore, reflecting the capital structure and funding requirements associated with manufacturing operations and capacity expansion.

06

Depreciation and amortization expenses totalled INR 45.37 crore, while tax expenses for the quarter stood at INR 12.88 crore. Other income contributed INR 10.25 crore to the consolidated financials.

01 · Business model

What does JBM Auto do?

JBM Auto Limited operates as an integrated automotive and electric vehicle manufacturer, supplying diverse systems and components to major domestic and global original equipment manufacturers.

The company produces commercial vehicles, focusing extensively on electric buses alongside key auto components, tooling, and assemblies.

Its manufacturing ecosystem integrates sheet metal components, tools, dies, and complete bus manufacturing facilities to serve urban mass transportation and automotive OEMs.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹1,656.37 Cr₹1,442.45 Cr
Total income₹1,666.62 Cr₹1,473.94 Cr
Profit before tax₹74.18 Cr₹60.02 Cr
Profit after tax₹61.30 Cr₹44.26 Cr
EPS₹2.49₹1.78

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 3.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 4.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹10.25 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Revenue Growth

Consolidated revenue reached INR 1,656.37 crore in Q2 FY27, up from INR 1,442.45 crore in Q1 FY27.

Total Income Composition

Total income of INR 1,666.62 crore included core operating revenue alongside INR 10.25 crore in other income.

What drove margins

Finance Cost Burden

Finance costs stood at INR 73.06 crore for the quarter, reflecting ongoing debt servicing associated with operational scaling and capital expenditures.

Tax Efficiency

Tax expenses were contained at INR 12.88 crore against a profit before tax of INR 74.18 crore.

Depreciation Impact

Depreciation and amortization expense remained steady at INR 45.37 crore, reflecting the heavy fixed-asset base of automotive component and vehicle manufacturing.

04 · Reported developments

What changed operationally

Sequential Profit Expansion

Profit after tax expanded to INR 61.30 crore in Q2 FY27 from INR 44.26 crore in the previous quarter.

05 · Items worth noticing

The line items that can distort a quick read

Provisions

The company reported provisions of INR 163.65 crore for the quarter.

06 · Previous-quarter changes

What changed since the previous quarter

Revenue Expansion QoQ

Revenue grew from INR 1,442.45 crore in Q1 FY27 to INR 1,656.37 crore in Q2 FY27.

Earnings Recovery QoQ

PAT improved from INR 44.26 crore in Q1 FY27 to INR 61.30 crore in Q2 FY27.

07 · Key Q&A

The quarter, answered directly

What does JBM Auto do?

JBM Auto Limited operates as an integrated automotive and electric vehicle manufacturer, supplying diverse systems and components to major domestic and global original equipment manufacturers.

What is the clearest takeaway from Q2 FY27?

JBM Auto Limited posted consolidated total revenue of INR 1,656.37 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter's revenue of INR 1,442.45 crore. Total income for the period reached INR 1,666.62 crore.

What drove revenue or demand?

Consolidated revenue reached INR 1,656.37 crore in Q2 FY27, up from INR 1,442.45 crore in Q1 FY27.

What mattered most for margins or profitability?

Finance costs stood at INR 73.06 crore for the quarter, reflecting ongoing debt servicing associated with operational scaling and capital expenditures.

What should the next disclosure help confirm?

Monitor future quarters for sustained operating leverage against finance costs and depreciation.

08 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

09 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Margin Trajectory: Monitor future quarters for sustained operating leverage against finance costs and depreciation.

  2. 02

    Order Execution: Track the delivery pace of electric buses and component order books.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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