JBM Auto’s Q3FY21 Net Profit increases by 33.48%

 

Profit before Tax up by 29.63%, EPS up by 33.48%

     OEM Division revenues up by 66.06%, Component Division up by 20.42%

Tool Room Revenues up by 11.43%, over Q3FY20 

New Delhi, February 9, 2021: JBM Auto Limited, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today announced its consolidated results for the quarter ended 31^st Dec 2020 and have shown 33.48% increase in net profit to Rs. 21.96 crore in Q3FY21 as compared to Rs.16.45 crore in Q3FY20. Sales including other operating income stood at Rs 590.73 crore compared to Rs 467.04 crore in Q3FY20, an increase of 26.48%. The company recorded a profit before tax of Rs 33.58 crore in Q3FY21 as compared to Rs. 25.91 crore in the last quarter in the corresponding year, an increase of 29.63%. EBIDTA increased by 16.64% at Rs. 70.02 crore compared to Rs. 60.03 crore in Q3FY20. Earnings per share (EPS) for Q3FY21 stood at Rs 4.64, compared to Rs. 3.48 in Q3FY20.                                 (Rs in cr)

Particulars	YoY		Year Ended
	31.12.20	31.12.19	31.03.20
Net Sales (including other operating income)	590.73	467.04	1946.73
EBIDTA	70.02	60.03	245.60
Profit Before Tax (PBT)	33.58	25.91	107.65
Profit After Tax (PAT)	21.96	16.45	69.22
Earnings Per Share	4.64	3.48	14.63

Highlight of the Quarter:

1.      700 BS VI CNG Low Floor AC buses order received; to be delivered in H1FY22.

2.      The Company has acquired controlling interest in Indo Tooling Private Limited (ITPL) (Joint Venture Company) w.e.f. 09-Oct-20. After this acquisition the company hold 100% stake in ITPL. This will increase the top line of the company and will integrate the tooling business.

3.      The Company has incorporated a wholly owned subsidiary company "JBM ECOLIFE Mobility Private Limited”. The subsidiary company will leverage the growth opportunities in the evolving E-Mobility/ Electric Vehicles segment including e-buses, etc.

About JBM Auto Ltd.

JBM Auto Limited is the flagship company of the US$2.20 bln JBM Group. JBM Group has a diversified portfolio in the field of automotive, buses & electric vehicles, EV charging Infra, engineering & design services and renewables, with an infrastructure of 60 manufacturing plants and 5 engineering & design centers in over 10 countries. 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. JBM Auto is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools & dies, etc. The company’s manufacturing facilities and tool rooms are strategically located in close proximity of leading automobile hubs of India at Faridabad, Greater Noida, Nasik, Chennai, Sanand, Pune and Indore. The company products are widely used in cars, two-wheelers, tractors and trucks and other sectors in India and overseas. The company also manufactures high-end city buses and electric vehicles at its manufacturing plants in Faridabad and Kosi. For further info, please visit www.jbmbuses.com and www.jbmgroup.com.