JTEKT India Q3 Result 2024: Date and Time, Share Price and Target

News: In this article, we delve into the third-quarter results of JTEKT India Limited for the year 2024. Let’s break down the key information about their performance, including the date and time of the announcement, share price movements, and future targets.

Earnings Report Highlights

1. Sales Performance

• Third Quarter Sales: JTEKT India reported sales of INR 5,534.61 million during the third quarter of 2024. This represents an increase from INR 4,728.11 million in the same period last year.

2. Profitability

• Net Income: The company’s net income for Q3 2024 was INR 237.53 million, compared to INR 152.92 million in Q3 2023.
• Earnings Per Share (EPS): Basic EPS from continuing operations stood at INR 0.97, up from INR 0.63 in the previous year.

3. Nine-Month Performance

• Sales for Nine Months: JTEKT India’s sales for the nine months ended December 31, 2023, totaled INR 16,206.21 million, compared to INR 15,203.57 million in the corresponding period last year.
• Net Income for Nine Months: The company’s net income for the same period was INR 725.68 million, up from INR 609.37 million a year ago.
• EPS for Nine Months: Basic EPS from continuing operations increased to INR 2.97, compared to INR 2.49 in the previous year.

Share Price and Future Outlook

• As of the latest data, JTEKT India’s share price is INR 150.8.
• Investors and stakeholders eagerly await the company’s future targets and growth strategies.

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About JTEKT India Company :

JTEKT India Limited, formerly known as Sona Koyo Steering Systems, is a significant player in the automotive industry. Let’s explore more about this company:

Overview

• Name: JTEKT India Limited
• Parent Company: Part of JTEKT Corporation Japan
• Business Focus: Manufacturing, production, supply, and sale of automotive components
• Key Products:
  • Steering Systems: Including steering gears, columns, and RPS assemblies
  • Axle Assemblies
  • Other Auto Ancillaries

Operations

• Plant Locations: JTEKT India has seven strategically located plants across India:
  • Gurgaon
  • Bawal
  • Dharuhera
  • Sanand
  • Sriperumbudur
• Customer Base: The company caters to major Indian passenger car and utility vehicle manufacturers, including:
  • Maruti Suzuki
  • Toyota
  • Honda
  • Tata Motors
  • Mahindra & Mahindra

Global Reach

• Exports: JTEKT India exports high-quality precision products to the USA, Europe, and Japan through its network of overseas joint-venture partners.

JTEKT India’s Q3 results reflect a positive trajectory in sales and profitability. As the company continues to navigate the dynamic market landscape, investors should keep an eye on its strategic moves and long-term prospects.

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