JBM Auto Q3 net profit jumps 96% to Rs 15 cr

Auto component maker JBM Auto today reported 96 per cent jump in consolidated net profit to Rs 15.27 crore for the third quarter ended December 31, 2016 riding on robust sales.
The company had posted a consolidated net profit of Rs 7.79 crore in the same period last fiscal, JBM Auto said in a BSE filing.
Consolidated total income from operations during the quarter stood at Rs 440.09 crore as against Rs 317.58 crore in the corresponding period last fiscal, up 38.58 per cent, it added.
The components division clocked a revenue of Rs 409.45 crore as compared with Rs 310.28 crore in the same quarter a year ago, it said.

While the tool room division posted a revenue of Rs 42.3 crore, the company's new business division had a revenue of Rs 14 lakh.
Shares of JBM Auto were trading at Rs 269.70 apiece, in the late afternoon trade, up 1.11 per cent from the previous close on the BSE.