JBM Auto has been one of the biggest names in the slow and steady transition of India’s automobile industry from fossil fuel-powered generation to sustainable electric mobility.
JBM Auto Q3 Results
The company’s shares surged on Thursday, January 30. The shares jumped over 6 per cent during the day’s intraday trade.
This sharp rise in share price was a result of the quarterly results for the recently concluded quarter or Q3 of FY25.
The Gurugram-based automaker saw a jump in its profits in the quarter ended December 31. The company’s net profit rose to Rs 52 crore.
This reflects a solid 8 per cent jump in the profits made by the company on a year-on-year basis.
Profit and operating income rise
In the next quarter of the previous financial cycle, the company saw a net profit of Rs 49 crore.
The company’s operating income also increased. JBM’s operating income for the third quarter of the current financial year was Rs 1,396 crore.
This represents a growth of 4 per cent. Last year, the company had managed to earn Rs 1,346 crore.
The company also reported liabilities of Rs 2,975.50 crore. Total capital employed for the quarter stood at Rs 2,497.32 crore.
JBM Auto Shares
When we look at the company’s shares, JBM Auto shares opened at Rs 1,410.15 per share. This is higher than the previous day’s close of Rs 1,399.40 per share.
The shares gained and touched an intraday high of Rs 1,565.00 but then declined sharply while trading in the green.
At the time of writing, the company’s shares were up 7.55 per cent or Rs 105.60. This has taken the total value of the company’s shares to Rs 1,505.00 per share. This dramatic surge in the value of the company’s shares has also wiped out the losses incurred in the last 5 trading sessions.
