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Jay Bharat Maruti zooms 20% on strong Q4 results

The company reported 72% YoY jump in net profit at Rs 20.75 crore in Q4FY17.

Auto part suppliers' buying spree could be costly
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SI Reporter Mumbai
Jay Bharat Maruti  zoomed 20% to Rs 523; also its lifetime high on BSE in intra-day trade, after the company reported a robust 72% jump in net profit at Rs 20.75 crore for the quarter ended March 2017 (Q4FY17) on back of strong operational performance. The auto ancillary company had logged profit of Rs 12.06 crore in a year ago quarter.

Revenues from operations grew 42% to Rs 550 crore from Rs 388 crore in the corresponding quarter of previous fiscal. The operating profit (EBITDA) gained 24.2% at Rs 42.1 crore. EBTIDA margin however, decline to 7.7% from 8.7%