JBM Auto’s Q2FY20 Net Profit Increases By 10.51%

JBM Auto Limited, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today announced its consolidated results for the quarter ended 30th Sept 2019 and has shown 10.51% increase in net profit to Rs. 16.40 crore in Q2FY20 as compared to Rs.14.84 crore in Q1FY20. Sales including other operating income stood at Rs 388.13 crore compared to Rs 397.57 crore in Q1FY20, a decrease of 2.37%. The company recorded a profit before tax of Rs 28.00 crore in Q2FY20 as compared to Rs. 25.63 crore in the last quarter this year, an increase of 9.24 %. EBIDTA decreased by 0.37% at Rs. 51.25 crores compared to Rs. 51.44 crore in Q1FY20. Earnings per share (EPS) for Q2FY20 stood at Rs 3.99, compared to Rs. 3.70 in Q1FY20. 

JBM Auto Limited. has registered a 22.57% decrease in net profit to Rs.16.40 crore in Q2FY20 as compared to Rs.21.18 crore in the same period last year. Sales including other operating income stood at Rs 388.13 crore compared to Rs.454.62 crore in Q2 of FY19, a decrease of 14.63%. The Profit before tax of Rs 28.00 crore in Q2FY20 as compared to Rs. 35.68 crore in the same quarter last year, a decrease of 21.53%. EBIDTA decreased by 13.81% at Rs.51.25 crore compared to Rs. 59.46 crore in the corresponding period last year. Earnings per share (EPS) for Q2FY20 stood at Rs 3.99, compared to Rs. 5.12 in Q2FY19   

Highlight of the Quarter:

JBM Auto bagged orders for supply of 300 buses from different parties which would be fully executed before the end of the ongoing fiscal. The company received orders for CNG buses from Delhi Integrated Multi-Modal Transit System Ltd (DIMTS) and SpiceJet Ltd. & InterGIobe Aviation Ltd (Indigo Airlines) for airport tarmac applications, also for electric buses from Navi Mumbai Municipal Transport Corporation.