JBM Auto, one of the leading auto components manufacturers of India reported a 6.28 per cent increase in the consolidated net profit at Rs 18.10 crores on 9th August 2016, for the quarter ending 30th June 2016. The company has recorded a net profit of Rs 17.03 crores for the corresponding quarter of the previous year. The total income of the company moved up to Rs 430.90 crores for the Q1 FY17 as against Rs 364.30 crores in the corresponding quarter of the previous financial year, the company announced in a statement.
The Executive Director of JBM Group Nishant Arya said that the Company has been able to sustain the growth momentum backing on the operational efficiencies, increased product portfolio as well as improving margins from the existing business divisions of the company. This has enhanced its revenues across various segments that we cater to. He also added that the coming quarter is going to be even more exciting for the Company as it is in the process of delivering the next lot of CITYLIFE buses.
JBM auto share price is up by 16.63 per cent to Rs 169.00. The share price opened at Rs 145.00 from a previous closing of Rs 144.90. The intraday high and the intraday low of the share are Rs 172.75 and Rs 145.00 respectively. The 52 week high of the Company is Rs 234.20 made on 10th December 2015 and th4e 52 week low of the Company is Rs 103.10 made on 12th February 2016. Get the historical share price performance of the Company at JBM auto share price history.
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