· Profit before Tax up by 50.95%, EPS up by 50.62%
· Bus Division Revenue records strong growth, increases by 22.58%
· Auto Components Division revenue increases by 49.41%
· Tool Room Division revenues up by 8.31%
Gurugram, February 09, 2022: JBM Auto Limited, India’s leading automotive and electric vehicle company (BSE: 532605 & NSE Code: JBMA), today announced its consolidated results for the quarter ended 31st December 2021 and has shown 39.98% increase in net profit to Rs. 32.88 crore in Q3FY22 as compared to Rs. 23.49 crore in Q3FY21.
Sales including other operating income stood at Rs. 821.24 crore compared to Rs. 590.73 crore in Q3FY21, an increase of 39.02%. The company recorded a profit before tax of Rs. 50.69 crore in Q3FY22 as compared to Rs. 33.58 crore during the third quarter in the previous year, an increase of 50.95%.
EBIDTA increased by 34.40% at Rs. 94.13 crore compared to Rs. 70.04 crore in Q3FY21. Earnings per share (EPS) for Q3FY22 stood at Rs. 6.99, compared to Rs. 4.64 in Q3FY21.
(Rs in Cr.)
Particulars | YoY | Year Ended | |
31.12.21 | 31.12.20 | 31.03.21 | |
Net Sales (including other operating income) | 821.24 | 590.73 | 1,982.04 |
EBIDTA | 94.13 | 70.04 | 216.08 |
Profit Before Tax (PBT) | 50.69 | 33.58 | 78.05 |
Profit After Tax (PAT) | 32.88 | 23.49 | 50.37 |
Earnings Per Share | 6.99 | 4.64 | 10.42 |
Highlights of the Quarter:
1. Company has initiated the process of share split from Rs 5/- per share to Rs 2/- per share, which will increase the liquidity in the market.
2. Company has already achieved the sale of Rs 2,120.76 Cr in nine months in FY 22 as compared to sale of Rs 1,982.04 in FY 21.
3. Strong order book in OEM Division and Tool Room Division.
About JBM Auto Ltd.
The bus division of JBM Auto Ltd., the flagship company of the multi-billion-dollar JBM Group, has been a pioneer in bringing products that have been significantly ahead of the prevailing practices and solutions. JBM aims at provisioning high quality, convenient and sustainable public mobility solutions in India. JBM buses are built with leading cutting-edge technology providing the highest levels of comfort and safety with first in class features. Moreover, JBM buses are committed to combining fuel efficiency with utility and performance using Green & effective technology, thereby reducing the carbon footprint in the overall environment. CITYLIFE, India’s first true low floor bus, the first product from the JBM stable in 2014 bought in various features and aggregates that were introduced first time in the city bus segment in India. The company’s manufacturing facilities are in Faridabad (Haryana) and Kosi (Uttar Pradesh) with an annual installed capacity of 2000 buses. JBM Auto brings to the table stringent quality standards, domain know-how and has a proven track record in manufacturing of key auto systems & assemblies of over 3 decades in India. For further info, please visit www.jbmbuses.com.
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