JBM Auto’s Q4 FY21 Net Profit increases by 103.65%

Profit before Tax up by 109.83%, EPS up by 109.46%

     OEM Division revenues up by 88.34%, Component Division up by 63.71 

New Delhi, May 18, 2021: JBM Auto Limited, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA), today announced its consolidated annual results for the year 2020 - 2021. The results have shown 103.65% increase in net profit to Rs. 32.24 crore in Q4 FY21 as compared to Rs. 15.83 crore in Q4 FY20. Sales including other operating income stood at Rs 744.88 crore compared to Rs 475.21 crore in Q4 FY20, an increase of 56.75%. The company recorded a profit before tax of Rs 51.30 crore in Q4 FY21 as compared to Rs. 24.45 crore in the last financial year in the corresponding year, an increase of 109.83%. EBIDTA increased by 50.61% at Rs 88.37 crore compared to Rs. 58.67 crore in Q4 FY20. Earnings per share (EPS) for Q4 FY21 stood at Rs 6.92, compared to Rs. 3.30 in Q4 FY20. 

For FY20-21, the company reported 27.20 % downfall in its net profit to Rs. 50.37 crores compared to a net profit of Rs. 69.19 crores reported for the financial year 2019-20. Net Sales recorded Rs. 1,982.04 crores in FY 21 as compared to Rs 1,946.73 crores in the same period. The earnings per share (EPS) for FY21 stood at Rs. 10.42, compared to Rs. 14.63 in the previous financial year.                                                                                                                                                                       (Rs in cr)

Particulars	YoY		Year Ended	Year Ended
	31.03.21	31.03.20	31.03.21	31.03.20
Net Sales (including other operating income)	744.88	475.21	1,982.04	1,946.73
EBIDTA	88.37	58.67	216.08	245.60
Profit Before Tax (PBT)	51.30	24.45	78.05	107.65
Profit After Tax (PAT)	32.24	15.83	50.37	69.19
Earnings Per Share	6.92	3.30	10.42	14.63

Highlight of the Quarter:

1.       Mr. Nishant Arya has been appointed as the Vice Chairman and MD of JBM Auto for a period of three years with effect from 18 May 2021.

2.       The Company has achieved the highest sales in this quarter since its incorporation.

3.       The Company has acquired interest in VT Emobility Private Limited (VTE) . Earlier it is our Associate Company with stake of 26%, after this acquisition the company hold 62% stake in VTE. This will increase the bottom line of the company and will integrate the OEM business.

4.       Operations of buses delivered to run under the Navi Mumbai Municipal Corporation has started in Q4 FY21.

5.       Strong order booked in the OEM Division.

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.