Jamna Auto share price surged up by more than 4 per cent today. A total of 1,89,762 shares of the company have been traded on the counter of NSE aggregating to a total value of Rs 337.47 lacs.
At the moment Jamna Auto share price is trading at Rs 178.00, up by 3.94 per cent. The Lower Price Band is 137.00 and the Upper Price Band is 205.50.
Results of Q2FY17
Jamna Auto Industries Ltd (JAMNA) recorded decline of 13 per cent year on year in revenue to Rs 275 Crores. Net profit grew 37 per cent year on year supported by other income.
Jamna Auto recorded decline of 13 per cent year on year in revenue to Rs 275 Cr missing analyst expectations by 12 per cent. The impact was mainly felt due to slowdown in OEM volumes and slower traction in new variant demand.
EBITDA declined 3 per cent year on year to Rs34.85 Crores. The EBITDA was lower due to revenue. Accordingly, EBITDA margin came in at 12.7 per cent; expanding 135 bps year on year on the back of lower operational costs.
Net profit grew 37 per cent year on year to Rs 21 Crores missing estimates by 5 per cent. The PAT rise was supported by a 38 per cent year on year decline in finance cost and 4 fold surge in other income to Rs 5.50 Crores.
Out of Top 500 Shares, Jamna Auto is one of the Multibagger Shares, identified by Dynamic research at the end of every month. Jamna Auto can be a great investment opportunity which can give you high return. Jamna Auto is a well analyzed multibagger stock, based on our technical and fundamental research, traded in very high volumes.
Get the historical share price performance of the company at Jamna Auto share price history.
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