Jamna Auto Q3FY11 consolidated turnover up by 41% at Rs 239 cr

Net profit at Rs 6.61 cr, declares 10% interim dividend

Jamna Auto Industries Limited recorded sales turnover or Rs 239.24 crore and PAT of Rs 6.61 crore in the third quarter ended 31 December 2010. The company declared interim dividend of 10% to the shareholders backed by improved performance.

Q3FY11 Performance – Consolidated basis

• The Company’s operational revenues increased by 41.09% to Rs. 239.24 crore as compared to Rs. 169.56 crore during Q3FY10
• Net profit was up by 38.28% to Rs. 6.61 crore as compared to Rs. 4.78 crore during Q3FY10.

9MFY11 Performance – Consolidated basis. (9MFY 2011 – April - December 2010); (9M FY 10 - April - December 2009)

• Posted a  56.87% increase in operational income to Rs. 696.47 crore as compared to Rs. 443.97 crore in 9MFY10
• Net profit for period under review up 126.87% at Rs. 25.16 crore as compared to Rs. 11.09 crore in 9MFY10
• The board of directors of the company approved interim dividend of 10%.

The company’s equity share is now listed at National Stock Exchange from 10 December 2010.

About Jamna Auto Industries Ltd (BSE code: 520051) (NSE Symbol: JAMNAAUTO) Jamna Auto Industries is India’s largest and among the world’s third largest commercial vehicle spring manufacturer. The company manufactures leaf springs and parabolic springs for M&HCVs, with an installed capacity of 150,000 mtpa. The manufacturing facilities are located at Yamuna Nagar (Haryana), Chennai, Malanpur (Madhya Pradesh) and Jamshedpur. Jamna Auto’s wholly owned subsidiary – Jai Suspension Systems LLP, has its plant at Pant Nagar (Uttarakhand).

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