Tuesday, 9 August 2016

JBM Auto Ltd reported 6.28 % increase in Q1FY16-17 net profit to Rs. 18.10 crore




JBM Auto Ltd. Q1FY 2016-17Net Profit up by 6.28%
Sales including other operating income up by 18.28%

Gurgaon, 9 August 2016: For the quarter ended 30th June 2016, JBM Auto Ltd, India’s leading automotive company (BSE: 532605 & NSE Code: JBMA) has reported a 6.28 % increase in its Q1FY16-17 net profit to Rs. 18.10 crore compared to a net profit of Rs. 17.03 crore reported in Q1 FY15-16. Net Sales recorded for the quarter are Rs. 430.90 crore as compared to Rs 360.30 crore in the previous year, an increase of 18.28% over last year.

Particulars
Quarter ended
Year ended
30.06.2016
30.06.2015
31.03.2016
Net Sales (including other operating income)
430.90 cr
364.30 cr
1517.76 cr
EBIDTA
52.57 cr
56.39 cr
196.54 cr
Profit Before Tax (PBT)
24.48 cr
29.45 cr
84.84 cr
Profit After Tax (PAT)
18.10 cr
17.03 cr
52.38 cr
Earnings Per Share
4.38
4.13
12.39

For the quarter ended 30th June 2016, PBT stood at Rs. 24.48 crore against Rs. 29.45 crore in FY2015-16, decreasing by 16.88%. EBIDTA decreased by 6.77% at Rs. 52.57 crore compared to Rs. 56.39 crore in the corresponding quarter last year. Earnings Per Share (EPS) for Q1FY2017 stood at Rs. 4.38, compared to Rs. 4.13 in the same quarter last year, an increase of 6.05%.
 
Nishant Arya, Executive Director, JBM Group said, “We have been able to sustain the growth momentum backing on the operational efficiencies, increased product portfolio and improving margins from the existing business divisions of the company. This has enhanced our revenues across various segments that we cater to. The improvement in financial numbers is also a result of a substantial increase in our product offtake as OEM clients witnessed continuous rise in demand for vehicles.”
 
“The coming quarter is going to be even more exciting as we are in the process of delivering the next lot of CITYLIFE buses. We are also in discussion with multiple state transport corporations and other institutions and are hopeful of good demand for both CNG and diesel versions of CITYLIFE”,Mr. Arya added.


JBM’s in-house R&D, based in Delhi-NCR, works in sync with its three international R&D centres in Italy, China and UK. JBM Group is involved in the design of all vehicle segments right from concept stage including packaging and engineering projects with Fiat, Escorts, Volkswagen Group, Mercedes-Benz/Daimler, Kamaz, Ashok Leyland, Piaggio, Volvo and other OEMs. At the top end of the spectrum, JBM’s engineering services to Ferrari, Lamborghini and McLaren are able to provide higher margins and brand equity.
 
 
JBM Auto Limited is the flagship company of the US$1.35 billion JBM Group that has a diversified portfolio in the field of automotive, engineering & design services and renewables, with an infrastructure of 35 manufacturing plants and 4 engineering & design centers across 18 locations globally. 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.
 
 
About JBM Auto Ltd.
JBM Auto is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools and dies. 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 at its manufacturing plants in Faridabad and Kosi.
 
About JBM Group
JBM Group is a focused, dynamic and progressive organization that provides customers with value-added products, services and innovative solutions. The Group has a diversified portfolio in the field of automotive, bus manufacturing, engineering & design services and renewables, with an infrastructure of 35 manufacturing plants and 4 engineering & design centres across 18 locations globally. With a $1.35billion turnover, JBM Group has broadened its horizons by focusing on a quality-delivery, solutions approach, product development processes, flexible manufacturing systems and contract manufacturing. For further info, please visit www.jbmbuses.com andwww.jbm-group.com.