JBM Auto Ltd. Q2 Net Profit Up By 42.95 %, Sales Up By 25.77 %

For the quarter ended 30 September 2014, JBM Auto Ltd., India’s leading auto‐ancillary company (BSE: 532605 & NSE Code: JBMA) has reported 42.95% jump in its net profit to Rs.15.11 crore compared to Rs.10.57 crore in the same period last year. JBM Auto’s Q2 FY2014 sales stood at Rs.403.15 crore compared Rs.320.55 crore in Q2 of FY2013, registering a jump of 25.77%. The earnings per share (EPS) for Q2 FY2015 stood at Rs.3.71, compared to Rs.2.59 in the same period last year.

For the half year ended 30 September 2014, the company’s net profit grew 148.87% to Rs.36.51 crore compared to Rs.14.67 crore for the half year ended 30 September 2013. The sales for the half year grew 36.67% in the same period to Rs.792.10 crore from Rs.579.31 crore. The EPS for the half year ended 30 September 2014 rose to Rs.8.95 from Rs.3.60 a year earlier.

Mr. Nishant Arya, Executive Director, JBM Groupsaid, “The quarter that has gone‐by saw some green shoots for the entire auto industry – car sales picked up, and there was encouraging response for trucks and buses as well. With new models getting tremendous response, our body‐in‐white and chassis & suspension business is doing brisk business. JBM’s in‐house R&D, based in Delhi‐NCR, works in sync with 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, Volvoand 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 US$1.2 bn 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 centres across 18 locations globally. JBM’s focus on quality‐delivery, frugal engineering, 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 manufacture of sheet metal components, assemblies, sub‐ assemblies, tools, dies and moulds. 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 two‐wheelers, cars, tractors and trucks, White Goods industries and other sectors in India and overseas.

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, engineering & design services and renewables, with an infrastructure of 35 manufacturing plants and 4 engineering & design centres across 18 locations globally. With a $1.2 billion turnover, JBM Group has broadened its horizons by focusing on a quality‐delivery, solutions approach, product development processes, flexible manufacturing systems and contract manufacturing.