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JBM Auto’s net profit rises 0.26% in Q2 FY’18

By Niranjan Mudholkar,

Added 14 December 2017

Profit Before Tax up 14.59%, Sales up by 5.46%

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JBM Auto Ltd, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), has announced its Consolidated results for the quarter ended 30th September 2017 and have shown total 0.26% increase in net profit to Rs. 18.90 crore in Q2 FY’18 as compared to Rs. 18.85 crore in the same period last year. Sales stood at Rs. 412.59 crore against Rs. 391.23 crore a year ago.

The company recorded a profit before tax of Rs 32.57 crore in Q2 FY’18 as compared to Rs. 28.42 crore in the same quarter last year, an increase of 14.59%. EBIDTA increased by 7.54% at Rs. 57.79 crore compared to Rs. 53.74 crore in the corresponding period last year. Earnings per share (EPS) for Q2FY’ 18 stood at Rs. 4.62, compared to Rs. 4.62 in Q2 FY’17.

A proposal for the merger of JBM Auto System Private Limited, a subsidiary of JBM Auto Ltd. and JBM MA Automotive Private Limited, a Joint Venture Company of JBM Auto Ltd. has been placed in the board meeting.

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