JBM Auto’s net profit up in Q2 FY’18
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.