Auto component maker JBM Auto today reported 15.23 per cent decline in its net profit at Rs 17.58 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 20.74 crore during the same period of previous fiscal.
Net sales of the company declined to Rs 375.16 crore for the fourth quarter as compared to Rs 377.20 crore during the same period of previous fiscal.
For the year ended March 31, the company posted a net profit of Rs 76.41 crore as compared to Rs 50.21 crore during the 2013-14 fiscal.
Net sales for the year ended March 31 rose to Rs 1,556.95 crore as compared to Rs 1,363.89 crore in the previous financial year.
Commenting on the results, JBM Group Executive Director Nishant Arya said the past financial year was extremely positive for the company.
"The launches of new car models across segments by all top manufacturers were well accepted by the customers, which provided a strong boost to our sales numbers," he added.
JBM Auto manufactures chassis and suspension systems, exhaust systems, welded assemblies, tools and dies.
The company's shares today ended 4.40 per cent down at Rs 237.10 apiece on the BSE.
