Editors Synopsis
Financial Highlights (all comparison to Q3FY09)
- Revenues at Rs 203.76 crore up by 31.62% as compared to Rs 154.81 crore recorded in the same quarter last year.
- EBIDTA at Rs 20.68 crore up by 120% as compared to Rs 9.4 crore
- Net Profit at Rs 5.41 crore up by 401% as compared to Rs 1.08 crore
- Operating margin stood at 5.24% as compared to 2.33%
EPS for the period stood at Rs 2 .50 v/s Rs 0.5
Jay Bharat Maruti Limited (JBML), leading supplier of auto components to Maruti Suzuki India Ltd., today announced its financial results for the quarter ended December 31, 2009.
For the quarter ended December 31, 2009, the company recorded revenues of Rs 203.76 crore, an increase of 31.62% from Rs 154.81 crore in the corresponding quarter last fiscal. EBIDTA stood at Rs 20.68 crore, an increase of 120% as compared to Rs 9.4 crore in Q3FY09. Net profit stood at Rs 5.41 crore, up by 401% from Rs.1.08 crore. The operating margins increased to 5.24% from 2.33% in the corresponding quarter last fiscal.
About JBML
Jay Bharat Maruti Limited (JBML) is the manufacturer and major supplier of sheet metal components, welded assemblies, Fuel Neck Fillers, Axles and Exhaust systems to Maruti Suzuki India Limited. JBML was incorporated in 1987 as a Joint Venture with Maruti Suzuki India Limited (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the country, JBML constantly expanded its manufacturing capacity and capability in all the plants. The capacity, therefore, was expanded in 1991-92 and in 1993-94. A new plant was set up in 1995-96. Expansion again took place in 1996-97, 2001-02 and 2002-03. Third plant of JBML was set up in Manesar in 2008 to meet the ever growing demand of the prestigious customer MSIL.
The world-class manufacturing capabilities include imported and indigenous press lines, robotic welding, assembly lines as well as plating and painting facilities. JBML added capabilities to produce exhaust systems, axles and fuel neck fillers to the existing capabilities of sheet metal components and welded modules over the years. JBML supplies around 65000 assemblies per day to MSIL. Having global alliances with the companies like Daiwa Excel, Yorozu Corporation, Futaba Corporation, Hamamatsu Pipe and Okamoto Press JBML has several awards to its credit and with support of its partners the company stands posed atop a launch pad to the future fully geared to meet new challenges and is destined to touch new heights in excellence.