New Delhi, May 20 -- Jay Bharat Maruti share price hit 20% upper circuit of Rs.103.24 apiece on BSE Wednesday after the company reported strong Q4 results. The rally in the small-cap stock came despite a broad weakness in the Indian stock market today.

Auto components and equipment maker Jay Bharat Maruti reported a three-fold jump in its net profit for the fourth quarter of FY26, with improved margins.

The company's consolidated net profit in Q4FY26 surged 287% to Rs.79.59 crore from Rs.20.56 crore in the year-ago period. The company has recognized the positive impact of the revised tax rate worth Rs.36.79 crore in this quarter.

Revenue from operations in the March quarter grew 25.44% to Rs.766.01 crore from Rs.610.65 crore, year-on-y...