Jay Bharat Maruti skids after weak Q2 numbers

Jay Bharat Maruti tumbled 4.58% to Rs 187.5 after consolidated net profit declined 77.1% to Rs 3.76 crore on a 25.2% decline in total income to Rs 411.62 crore in Q2 September 2019 compared with Q2 September 2018.

On a standalone basis, net profit declined 79.4% to Rs 3.38 crore on a 25.3% fall in total income to Rs 411.11 crore in Q2 September 2019 compared with Q2 September 2018. The result was announced after market hours yesterday, 17 October 2019.

Meanwhile, the S&P BSE Sensex was up 187 points or 0.48% to 39239.39. The Nifty Auto index was trading 0.08% lower at Rs 7,907.50

On the BSE, 13,813 shares were traded in the counter so far compared with average daily volumes of 24,274 shares in the past two weeks. The stock hit a high of Rs 190.8 and a low of Rs 184 so far during the day.

The stock hit a 52-week high of Rs 383.2 on 5 November 2018 and a 52-week low of Rs 133.1 on 5 August 2019.

Jay Bharat Maruthi manufactures sheet metal components, assemblies and sub-assembles and is a dedicated ancillary to Maruti Udyog.

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