JBM Auto Q1 Net up 6 pc at Rs 18.10 cr

Auto components manufacturer JBM Auto today reported 6.28 per cent increase in consolidated net profit at Rs 18.10 crore for the quarter ending June 2016.
The company had posted a net profit of Rs 17.03 crore for the same period of the previous year.
Total income of the company rose to Rs 430.90 crore for the first quarter as against Rs 364.30 crore in the same period of previous financial year, the company said in a statement.
"We have been able to sustain the growth momentum backing on the operational efficiencies, increased product portfolio and improving margins from the existing business divisions of the company. This has enhanced our revenues across various segments that we cater to," JBM Group Executive Director Nishant Arya said.

"The coming quarter is going to be even more exciting as we are in the process of delivering the next lot of CITYLIFE buses," he added.
Shares of JBM Auto ended at Rs 151.45, down 0.43 per cent, on BSE.