JBM Auto’s Net Profit Rises 96.02% in Q3FY’17

Posted by: at 2/09/2017 04:17:00 am

Profit Before Tax up 86.89%, EPS up 98.39%, Sales up by 38.58%

Company projects more than 30% rise in Net Profit in FY’17

JBM Auto’s Net Profit Rises 96.02% in Q3FY’17

Mumbai, 09th February 2017: JBM Auto Ltd, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today announced a 96.02% rise in net profit to Rs.15.27 crore in Q3FY’17 as compared to Rs.7.79 crore in the same period last year. Sales stood at Rs.440.09 crore against Rs.317.58 crore a year ago, a rise of 38.58%.

The company recorded a profit before tax of Rs. 23.66 crore in Q3FY’17 as compared to Rs. 12.66 crore in the same quarter last year, an increase of 86.89%. EBIDTA increased by 37.52% at Rs.52.56 crore compared to Rs. 38.22 crore in the corresponding period last year. Earnings per share (EPS) for Q3FY’17 stood at Rs. 3.69, compared to Rs. 1.86 in Q3FY’16, registering an increase of 98.39%.


                                                                                                                        (Figures in rupees)


Particulars
Quarter ended
Year Ended
31.12.2016
31.12.2015
31.03.2016
Net Sales
(including other income)
440.09cr
317.58cr
1517.76cr
EBIDTA
52.56cr
38.22cr
196.55cr
Profit Before Tax (PBT)
23.66cr
12.66cr
84.84cr
Profit After Tax (PAT)
15.27cr
7.79cr
52.38cr
Earnings Per Share
3.69
        1.86
12.39


About JBM Auto Ltd.

JBM Auto Limited is the flagship company of the US$1.35 billion JBM Group that has a diversified portfolio in the field of automotive, engineering & design services and renewables, with an infrastructure of 40 manufacturing plants and 4 engineering & design centers across 18 locations globally. JBM's focus on quality-delivery, frugal engineering, low time-to-market and art-to-part philosophy has provided the group an indomitable position in the automotive industry.

JBM Auto is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools and dies. The company’s manufacturing facilities and tool rooms are strategically located in close proximity of leading automobile hubs of India at Faridabad, Greater Noida, Nasik, Chennai, Sanand, Pune and Indore. The company products are widely used in cars, two-wheelers, tractors and trucks and other sectors in India and overseas. The company also manufactures high-end city buses at its manufacturing plants in Faridabad and Kosi. For further info, please visit www.jbmbuses.com and www.jbm-group.com.



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