Auto component maker JBM Ltd has reported a net profit of Rs 1 crore in the first quarter ended June 30, a 75 per cent rise from that in the year-ago period.
The company had clocked a net profit of Rs 0.57 crore in the same period last year.
Sales grew 11.50 per cent to Rs 45.09 crore during the first quarter, from Rs 40.44 crore in the corresponding period of last fiscal, JBM said in a statement.
"We are delighted with the growth despite a slowdown in the auto sector due to rise in steel and fuel price. We are looking at a consistent growth throughout the year and continue to invest in technology and growing partnerships to provide maximum benefits to our investors," JBM Chairman S K Arya said.
