JBM Auto Q3 net up 60% at Rs 24 cr

Auto component maker JBM Auto today posted 59.7 per cent increase in consolidated net profit at Rs 23.62 crore for the third quarter ended December 31.
The company had posted net profit of Rs 14.79 crore during the same period of previous fiscal.
Net sales of the company however declined to Rs 337.13 crore, as compared to Rs 374.89 crore during the same period of previous fiscal, JBM Auto Ltd said in a filing to the BSE.
JBM Group Executive Director Nishant Arya said the company is focusing on achieving operational efficiencies and addition of value added products in its product portfolio.

"Besides we are also looking at developing new products for multiple customers," Arya added.
Shares of JBM Auto were trading at Rs 228.15 apiece on the BSE, up 9.87 per cent from its previous close.