 "JBM Auto dips on weak Q4 results")
Shares of JBM Auto dipped 11% to Rs 212 on the NSE after reporting a 15% year-on-year decline in its consolidated net profit at Rs 17.58 crore for the fourth quarter ended March 31, 2015 (Q4), due to lower operational income.
The auto component maker had posted a net profit of Rs 20.74 crore during the same period of previous fiscal.
The auto component maker 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 crore for the fourth quarter as compared to Rs 377 crore during the same period of the previous fiscal, JBM Auto said in a statement.
EBITDA or operating profit margin declined about 200 basis points to 11.09% in March quarter from 12.8% in the year-ago quarter.
The stock touched a low of Rs 205 so far and has seen a combined 274,728 shares changing hands on the counter on the NSE and BSE till 0954 hours.
EBITDA or operating profit margin declined about 200 basis points to 11.09% in March quarter from 12.8% in the year-ago quarter.
The stock touched a low of Rs 205 so far and has seen a combined 274,728 shares changing hands on the counter on the NSE and BSE till 0954 hours.
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