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JBM Auto's net profit rises 12.06% in Q2FY19

By Niranjan Mudholkar,

Added 14 November 2018

Profit before tax up 9.55%, sales up by 10.19%

JBM Auto Ltd, India's leading automotive company (BSE: 532605 & NSE Code: JBMA), has announced its Consolidated results for the quarter ended 30th Sept 2018 and have shown total 12.06% increase in net profit to Rs. 21.18 crore in Q2FY19 as compared to Rs. 18.90 crore in the same period last year. Sales including other operating income stood at Rs. 454.62 crore compared to Rs. 412.59 crore in Q2FY18, an increase of 10.19%.

The company recorded a profit before tax of Rs 35.68 crore in Q2FY19 as compared to Rs. 32.57 crore in the same quarter last year, an increase of 9.55%. EBIDTA increased by 9.40% at Rs. 59.46 crore compared to Rs. 54.35 crore in the corresponding period last year. Earnings per share (EPS) for Q2FY19 stood at Rs. 5.12, compared to Rs. 4.62 in Q2FY18.

 

Highlight of the Quarter:

City Bus operations commenced in Gurugram, Haryana by delivering 25 JBM CITYLIFE CNG buses to Gurugram Metropolitan City Bus Ltd. (GMCBL). The bus services were flagged off by Hon'ble Chief Minister of Haryana Manohar Lal Khattar.

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