Jbm Auto

1,021 electric buses order worth Rs 5,550 crore lifts JBM Auto share 4%

JBM Auto share rose after arm secured an order of 1,021 electric buses worth Rs 5,500 crore

JBM Ecolife Mobility gets Rs 5,500 cr order for e-buses under PM e-Bus Sewa

JBM Auto Ltd's subsidiary JBM Ecolife Mobility on Wednesday announced securing an order worth Rs 5,500 crore for supply of 1,021 electric buses under the PM e-Bus Sewa Scheme-2. These buses, which are to be delivered over a period of 18 months, will be deployed across 19 cities in Gujarat, Maharashtra and Haryana, JBM Ecolife Mobility said. The deployment period will, however, be for 12 years, it said. "The total order valued at approximately Rs 5,500 crore reinforces its leadership in the electric mobility space and aligns with India's vision for a cleaner and more sustainable public transport ecosystem," it said. The company has already deployed around 2,000 such e-buses in India, Europe, the Middle East, and Africa. The company's order book now stands at over 11,000 electric buses in various stages of execution. "This order strengthens our commitment to providing world-class, sustainable, and technologically advanced public mobility solutions. With a strong focus on innovation

JBM Auto Q3FY25 results: Net profit rises 8% to Rs 52 crore, sales up 4%

JBM Auto on Wednesday said its consolidated net profit increased 8 per cent to Rs 52 crore in the December quarter. The company had recorded a net profit of Rs 49 crore in the year-ago period, JBM Auto said in a statement. Sales, including other operating income, stood at Rs 1,396 crore in the third quarter of the current fiscal year, up 4 per cent compared to Rs 1,346 crore a year ago. The company said its board of directors in a meeting on October 28 last year, recommended the sub-division of existing equity share having a face value of Rs 2 each into equities with face value of Rs 1 each. This sub-division has been approved by the company's shareholders. Shares of the company on Wednesday ended 2.7 per cent up at Rs 1,401.05 apiece on the BSE.

343 electric buses order of Rs 1,800 crore sends JBM Auto share 5% higher

The uptick in the JBM Auto share price came after the company announced that it has secured an order for 343 electric buses for Ahmedabad BRTS, Ahmedabad Municipal Transport Service, worth Rs 1,800 cr

Stocks to Watch, Dec 23: JBM Auto, Sterling & Wilson, Aurobindo Pharma, L&T

Stocks to Watch, December 23, 2024: JBM Auto's subsidiary has been awarded a Rs 1,800 crore contract by Ahmedabad BRTS for the supply of 343 electric buses

JBM Auto Q2FY25 results: Net profit increases 11.45% to Rs 49.15 cr

Automotive and EV firm JBM Auto Ltd on Monday reported an 11.45 per cent growth in net profit to Rs 49.15 crore in the September quarter over the same quarter last year. The company had posted a net profit of Rs 44.10 crore in the July-September period of FY 24. Net sales, including other operating income for the second quarter stood at Rs 1,285.98 crore compared to Rs 1,231 crore in Q2FY24, a year-on-year increase of 4.47 per cent, the company said. EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 18.54 per cent at Rs 174.81 crore for the September quarter against Rs 147.47 crore in the corresponding quarter of Fy 24, JBM Auto said. The company said it delivered the highest ever Q2 sale in OEM business, adding that it also saw strong order book in OEM division and tool room division which will contribute in continuing the impetus growth of the company in FY25.

JBM secures $100 million funding from ADB, AIIB to expand e-bus operations

JBM currently operates over 1,500 electric buses across 10 states and more than 15 major airports in India

Ola Electric, JBM Auto, Olectra vroom as govt launches PM E-drive scheme

The recently launched PM E-drive scheme will be valid for two years with a total outlay of Rs 10,900 crore, compared to FAME-2's budget of Rs 12,000 crore

JBM Auto climbs 6% on signing pact with LeafyBus to supply 200 e-buses

The rise in JBM Auto share price came after its subsidiary JBM Electric Vehicles inked a pact with LeafyBus to supply 200 electric intercity luxury buses.

JBM Auto rallies 4% on inking pact with MUON India for 2,000 electric buses

Macquarie Group has rolled out 'Vertelo,' an EV financing platform in India, offering financing, fleet management, and charging infrastructure solutions

JBM Auto surges 10% as arm bags Rs 7,500 cr order for 1,390 electric buses

The order will be executed within 12-18 months. At 11:10 am; JBM Auto was trading 6 per cent higher at Rs 1,987, as compared to a 0.86 per cent decline in the S&P BSE Sensex

JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24

At 10:44 AM; the stock was trading 3 per cent higher at Rs 1,670 on the BSE. In comparison, the S&P BSE Sensex was down 0.67 per cent at 71,787

JBM Auto gears up to participate in PM-eBus Sewa scheme worth Rs 57,613 cr

JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to go through the policy fine print before deciding its future course of action. "We are very well positioned with our product range, manufacturing capacity and technology to execute this but definitely we are waiting for further clarity on the policy in the next few weeks," JBM Group Vice Chairman and Managing Director Nishant Arya told PTI on the sidelines of the B20 Summit here. He noted that the company is already the largest electric bus maker in the country with a manufacturing capacity of 20,000 electric buses per annum. "Having over 30 per cent market share and an order book of more than 5,000 electric buses we're delivering buses across India," Ary

JBM Auto shares surge 11% following 5,000 electric buses order from STUs

The company sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories and maintenance contract of buses

JBM Auto zooms 18% on securing contract for supply of 5,000 electric buses

Thus far in the calendar year, the stock has skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.

JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days

In the last session on July 5, JBM Auto had hit a 52-week high of Rs 1,517.5 per share. On a year-to-date basis, the share has more than doubled investors' wealth with a whopping rally of 190%

JBM Auto top contender for controlling stake in SML Isuzu: Report

JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added

Tata Motors to JBM: Bus makers shun govt contracts over payment concerns

Prime Minister Narendra Modi's government wants to deploy 50,000 electric buses countrywide over the next few years which is estimated to cost $12 billion

JBM Auto launches first self-designed electric luxury coach 'Galaxy'

JBM Auto on Wednesday launched its first self-designed and self-manufactured electric luxury coach 'Galaxy' here at Auto Expo 2023. The company, a part of USD 2.2 billion JBM group, also showcased its new series of e-buses, including city bus, staff bus and school bus. Expanding the company's offering in the emerging electric vehicle segment, JBM Auto Vice Chairman Nishant Arya said it will grow "exponentially" over the next few years. "The new range of electric buses will address the growing market requirements, especially the fleet owners, who are looking for sustainable, safe, reliable and profitable solutions," said Arya. However, the company did not disclose the price of the coach. Currently, 1,000 JBM electric buses are plying in 12 states. "JBM group is the only player in the Indian market to offer an entire EV ecosystem and is committed to investing in green mobility solutions," Arya added. Besides, JBM Auto will invest in upgrading manufacturing capacity and setting up

JBM Auto hits over 7-month high in a volatile market; rises 26% in 2 weeks

In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period