JBM Auto’s net profit up in Q2 FY’18

Auto components India - - NEWS -

JBM Auto Ltd, has shown a 0.26% in­crease in net profit to Rs 18.90 crore in Q2 FY 2018 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 Rs32.57 crore in Q2 FY’18 com­pared to Rs28.42 crore in the same quar­ter last year, an in­crease of 14.59%. EBIDTA in­creased by 7.54% to Rs57.79 crore com­pared to Rs53.74 crore in the cor­re­spond­ing pe­riod last year. Earn­ings per share (EPS) for Q2FY’ 18 stood at Rs4.62, com­pared to Rs4.62 in Q2 FY’17. A pro­posal for the merger of JBM Auto Sys­tem Pri­vate Lim­ited, a sub­sidiary of JBM Auto and JBM MA Au­to­mo­tive Pri­vate Lim­ited, a joint ven­ture com­pany of JBM Auto, was placed in the board meet­ing.

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