By Priya Singh
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Updated On: 31-Jul-2024 11:40 AM
JBM Auto noted that this quarter saw the highest-ever sales for a Q1 in all three of its segments.
Key Highlights:
JBM Auto Limited released its consolidated results for the quarter ended June 30, 2024, with a 9.98% growth in net profit to Rs. 33.18 crore, up from Rs. 30.17 crore in the same quarter the previous fiscal year.
Sales, including other operating income, increased 20.95% to Rs. 1,144.50 crore from Rs. 946.22 crore in Q1 FY24. The company's EBIDTA increased by 25.04% to Rs. 149.15 crore, from Rs. 119.28 crore in the same quarter last year. Earnings per share (EPS) for the first quarter of fiscal year 25 were Rs. 2.82, up from Rs. 2.56 in the same quarter last year.
Key Achievements and Milestones
Record Sales in Q1
JBM Auto noted that this quarter saw the highest-ever sales for a Q1 in all three of its segments.
Bus Deliveries and New Deployments
The company delivered the first batch of 50 intercity buses to Telangana as part of a larger order of 500 buses. Additionally, JBM Auto deployed India's first 9-meter low-floor air-conditioned bus in Delhi.
The OEM Division recorded a 91.35% growth in revenue year on year, with EBITDA up 68.7%. The Auto Component Division reported its highest-ever Q1 revenue, up 21%. JBM Auto noted that it has a healthy order book in its OEM and Tool Room Divisions, which it expects to contribute to ongoing development in FY25.
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CMV360 Says
JBM Auto Limited's robust performance in Q1 is a testament to its strategic growth and operational efficiency. The significant increase in net profit, sales, and EBITDA, coupled with notable milestones like the delivery of intercity buses and the deployment of air-conditioned buses in Delhi, showcases the company's strong market position and promising future prospects.