Profit Before Tax up 14.59%, Sales up by 5.46%
Proposal of merger of JBM Auto Ltd, JBM Auto System Pvt. Ltd. And JBM MA Automotive Pvt. Ltd. placed before the board meeting
Gurugram, December 14th, 2017: JBM Auto Ltd, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today 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.
| Particulars | Quarter Ended | Half-Year Ended | ||
| 30.09.2017 | 30.09.2016 | 30.09.2017 | 30.09.2016 | |
| Net Sales (including other operating income) | 412.59 | 391.23 | 789.08 | 748.84 |
| EBIDTA | 57.79 | 53.74 | 112.42 | 101.60 |
| Profit Before Tax (PBT) (excluding Exceptional Item) | 32.57 | 28.42 | 60.56 | 39.95 |
| Profit After Tax(PAT) | 18.90 | 18.85 | 35.12 | 36.77 |
| Earnings Per Share (in Rs.) | 4.62 | 4.62 | 8.62 | 9.02 |
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.
About JBM Auto:
JBM Auto Ltd. is the flagship company of the USD1.35 billion JBM Group. The company is the leading manufacturer of key auto systems, buses and electric vehicles in the country. The company’s manufacturing facilities are strategically located in close proximity of leading automobile hubs of India at Faridabad, Greater Noida, Nasik, Chennai, Sanand, Pune and Indore. Its products are widely used in two‐wheelers, cars, tractors and trucks and many other sectors in India and overseas.
About JBM Group:
JBM Group is a US $1.35 billion conglomerate having a diversified portfolio in the field of auto components, bus manufacturing, engineering & design services and renewable energy. It has an infrastructure of 40 manufacturing plants and 4 engineering & design centres 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.
