Q4 Results FY26: Jay Bharat, Sanghvi, Maruti stocks

Market reaction: two midcaps surge, Maruti rebounds

Shares of Jay Bharat Maruti Ltd and Sanghvi Movers Ltd rallied sharply in Thursday’s trade after both companies reported strong financial results for the quarter ended March 31, 2026. The moves came amid a broader focus on auto and auto-ancillary counters during the Q4 results season, with investors tracking profit growth, revenue momentum, and dividend announcements.

At the same time, Maruti Suzuki India Ltd drew attention after reporting a mixed March-quarter performance. The stock rose more than 5% intraday on Wednesday, helped by strong revenue growth, record sales volumes, and the company’s final dividend announcement for FY26.

Sanghvi Movers: stock jumps as results beat last year

Sanghvi Movers was trading 15.16% higher at Rs 370.40 per share on the BSE, after rising over 17% to touch an intraday high of Rs 378.50. The gains followed the company’s Q4 results announced on Wednesday, May 20.

The company reported a consolidated net profit of Rs 68.78 crore for the quarter ended March 31, 2026. This marked a 27.8% increase versus Rs 53.82 crore in the corresponding quarter of the previous financial year.

Sanghvi Movers Q4 FY26: revenue growth and dividend recommendation

Sanghvi Movers reported consolidated revenue from operations of Rs 351.41 crore in Q4 FY26, up 31.4% from Rs 267.42 crore in the same period last year. Alongside earnings, the company also flagged a shareholder payout.

In its stock exchange filing, Sanghvi Movers said its board recommended a dividend of Rs 2 per equity share with a face value of Rs 1 per share for the year ended March 31, 2026.

Jay Bharat Maruti: 52-week high after strong quarter

Jay Bharat Maruti’s stock was trading 14.35% higher at Rs 118.05 per share, after rising as much as 18.33% to hit a 52-week high of Rs 122.17. The stock had also seen sharp action in the previous session, when it surged 20% to hit the upper circuit following the Q4 results announcement.

The auto components maker announced its fourth-quarter earnings on Tuesday, May 19. The market reaction reflected the scale of year-on-year growth in both profit and revenue.

Jay Bharat Maruti Q4 FY26: profit jumps, revenue rises 25%

Jay Bharat Maruti reported consolidated profit after tax of Rs 79.59 crore for Q4 FY26, up from Rs 20.56 crore in Q4 FY25. The company’s consolidated revenue from operations stood at Rs 766.01 crore, a 25.4% increase from Rs 610.65 crore in the year-ago quarter.

The company’s investor presentation also highlighted two items that supported Q4 financials. It said a transition to a concessional tax regime resulted in a positive impact of Rs 36.79 crore. It also cited a GST incentive of Rs 35.50 crore accrued in Q4 FY25-26 for the J5 Plant.

Jay Bharat Maruti FY26: double-digit revenue growth

For the financial year ended March 31, 2026, Jay Bharat Maruti reported consolidated revenue from operations of Rs 2,550.99 crore, compared with Rs 2,290.12 crore in FY25. Consolidated profit after tax came in at Rs 139.67 crore in FY26, versus Rs 32.91 crore in FY25.

The company’s board recommended a final dividend of 35%, translating to Rs 0.70 per equity share of face value Rs 2 each for FY26, subject to shareholder approval at the ensuing annual general meeting.

Maruti Suzuki Q4 FY26: profit dips, revenue hits record

Maruti Suzuki India reported a year-on-year decline in consolidated net profit for Q4 FY25-26. Reported figures showed net profit fell 6.5% year-on-year to Rs 3,659 crore, even as revenue rose 28.2% to Rs 52,462.5 crore.

Another set of reported numbers for the quarter showed revenue from operations at Rs 50,078.7 crore in Q4 FY26 compared with Rs 38,839.1 crore in Q4 FY25, while profit after tax was Rs 3,590.5 crore versus Rs 3,857.3 crore. The company’s Ebitda rose 27.1% year-on-year to Rs 6,156.9 crore from Rs 4,842.6 crore.

Market commentary linked the profit decline to a non-cash mark-to-market (MTM) hit of Rs 1,028 crore. Reports also cited higher raw material costs, lower other income, and increased tax outgo as factors weighing on earnings, alongside strong volume growth.

Maruti Suzuki volumes, backlog, and dividend

Maruti Suzuki reported its highest-ever quarterly sales volume, with Q4 total sales at 676,209 units, up 11.8% year-on-year from 604,635 units. Domestic sales were reported at 538,994 units and exports at 137,215 units for the quarter.

The company also disclosed an order backlog of about 1.9 lakh units, including about 1.3 lakh units in small cars, with clearance expected to improve when the Gujarat fourth line goes live in July 2026. Maruti also declared a final dividend of Rs 140 per share for FY26.

Market impact: sentiment lifts auto counters

The strong buying interest in Maruti Suzuki helped lift the Nifty Auto index, which was reported up 2.3%, making it the top sectoral gainer on the NSE on Wednesday. In the broader auto ecosystem, Jay Bharat Maruti’s surge placed it among the top gainers in early trade, reflecting how smaller auto-ancillary names can see sharper price swings around results.

For investors, the key takeaway from the three updates was the contrast between earnings momentum in select midcaps and the margin and accounting headwinds that can influence large-cap reported profit, even when revenue and volumes remain strong.

Key numbers at a glance

What to watch next

For Jay Bharat Maruti and Sanghvi Movers, investors are likely to track whether Q4 momentum in revenue and profitability sustains into FY27, and how any incentives or tax changes affect reported numbers. For Maruti Suzuki, the focus remains on demand trends, the pace of backlog reduction, and updates around capacity additions such as the Gujarat fourth line scheduled to go live in July 2026.

Company filings and subsequent management commentary will be important for clarity on drivers behind Q4 performance and the outlook for costs and margins in the new financial year.