Auto component maker JBM Auto today reported 51.01% decline in its consolidated net profit at Rs 4.09 crore for the first quarter ended June 30, 2013, due to slow down in the automotive market.
The company had posted a consolidated net profit of Rs 8.35 crore in the same period previous fiscal, JBM Auto said in a filing to the BSE.
However, company's consolidated income from operations increased to Rs 231.24 crore in the April-June quarter, compared to Rs 218.74 crore during the same period last year.
JBM Auto's shares had closed yesterday at Rs 50.50 per scrip on BSE, up 4.77% from its previous close.