Shares of auto components manufacturer Jay Bharat Maruti Ltd and crane rental service provider Sanghvi Movers Ltd witnessed a significant rally today, with both stocks gaining up to 18% following the announcement of their strong financial performance for the quarter ended March 31, 2026.
As of Thursday's trading, Sanghvi Movers shares were up 15.16% at Rs 370.40 on the BSE, having peaked at Rs 378.50, an over 17% increase. Jay Bharat Maruti stock also saw a substantial rise, trading 14.35% higher at Rs 118.05, after hitting a 52-week high of Rs 122.17, marking an 18.33% intraday gain.
Jay Bharat Maruti's Impressive Q4 Performance
Jay Bharat Maruti announced its fourth-quarter earnings on Tuesday, May 19, revealing a substantial increase in profitability. The company's consolidated net profit for Q4 FY26 soared to Rs 79.59 crore, a significant jump from Rs 20.56 crore reported in the same quarter of the previous fiscal year.
Consolidated revenue from operations for the quarter also showed healthy growth, reaching Rs 766.01 crore, a 25.4% increase compared to Rs 610.65 crore in the year-ago period. The company attributed part of this financial boost to a positive impact of Rs 36.79 crore from a transition to a concessional tax regime. Additionally, a GST incentive of Rs 35.50 crore accrued in Q4 FY26 for its J5 Plant further aided the financials.
Sanghvi Movers Reports Robust Growth and Dividend
Sanghvi Movers also posted strong 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, marking a 27.8% climb from Rs 53.82 crore in the corresponding quarter of the previous financial year.
The company's consolidated revenue from operations demonstrated strong momentum, increasing to Rs 351.41 crore in Q4 FY26, up 31.4% from Rs 267.42 crore in the same period last year. In a move to reward shareholders, the company's board recommended a dividend of Rs 2 per equity share with a face value of Rs 1 per share for the fiscal year ended March 31, 2026.