JBM Auto’s Net Profit Rise 25.38% in Q1 FY19
Profit before Tax up 25.48 %, Sales up by 11.40%
Tooling revenues up by 223.16%
Mumbai, August 6th 2018: JBM Auto Ltd, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today announced its Consolidated results for the quarter ended 30th June 2018 and have shown total 25.38% increase in net profit to Rs.20.33 crore in Q1 FY19 as compared to Rs. 16.21 crore in the same period last year. Sales including other operating income stood at Rs. 419.42 crore compared to Rs. 376.49 crore in Q1 of FY18, an increase of 11.40%. The sales from tooling business registered a massive jump of 223.16% at Rs.35.48 crore compared to Rs. 10.98 crore in Q1FY18.
The company recorded a profit before tax of Rs 35.13 crore in Q1 FY19 as compared to Rs. 27.99 crore in the same quarter last year, an increase of 25.48%. EBIDTA increased by 10.26% at Rs. 56.29 crore compared to Rs. 51.05 crore in the corresponding period last year. Earnings per share (EPS) for Q1FY19 stood at Rs. 5.03, compared to Rs. 4.00 in Q1 FY18.
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About JBM Auto Ltd.
JBM Auto Limited is the flagship company of the US$1.50 bln JBM Group. JBM Group 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 & dies, etc. 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 and electric vehicles at its manufacturing plants in Faridabad and Kosi. For further info, please visitwww.jbmbuses.com and www.jbmgroup.com.