JBM Auto, one of India’s leading automotive and electric vehicle manufacturer has announced its financial results for the Q2 FY2024.
The company reported revenue of Rs 1,231 crore, up 19.6 percent, net profit of Rs 44.10 crore as compared to Rs. 40.24 crore in Q2FY23. During the quarter the company says its OEM division registered highest ever sales with 197 percent growth in revenue.
During the quarter JBM launched new products at the recently concluded Bus World 2023 in Brussels. This it says opens up a huge market opportunity for the company. It also clocked strong order book in OEM Division and Toolroom division which it says contributes in continuing the impetus growth of the company in FY2024.
