1. JBM Auto Q4 net profit up 39% at Rs 13 cr

JBM Auto Q4 net profit up 39% at Rs 13 cr

Auto component maker JBM Auto today posted 39.29 per cent rise in net profit at Rs 13.47 crore for the fourth quarter ended March 31, 2017.

By: | New Delhi | Published: May 31, 2017 4:08 PM
JBM Auto, Auto component, net profit, fourth quarter, Net sales Auto component maker JBM Auto today posted 39.29 per cent rise in net profit at Rs 13.47 crore for the fourth quarter ended March 31, 2017. (BCCI)

Auto component maker JBM Auto today posted 39.29 per cent rise in net profit at Rs 13.47 crore for the fourth quarter ended March 31, 2017. The company had reported a net profit of Rs 9.67 crore in the corresponding quarter of 2015-16. Net sales of the company rose to Rs 467.47 crore for the fourth quarter, as against Rs 422.11 crore in the same period of previous fiscal, JBM Auto said in a statement.

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For the year ended March 31, the company posted a net profit of Rs 65.88 crore as compared to Rs 52.38 crore in the 2015-16 fiscal. Net sales for the year stood at Rs 1,790.23 crore as compared to Rs 1,517.76 crore in the previous financial year. The company’s board, which met today, has approved a dividend of Rs 2 per share for the financial year ended March 31, 2017. Shares of the company were trading 1.94 per cent down at Rs 275.80 on BSE.

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