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JBM Auto Q2 net up 43% at Rs 15 cr

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Press Trust of India New Delhi
Components maker JBM Auto today posted 42.85 per cent jump in consolidated net profit at Rs 15.10 crore for the second quarter ended September 30, 2014-15.

The company had posted net profit of Rs 10.57 crore during the July-September period of the 2013-14 fiscal.

Net sales of the company in Q2, 2014-15 rose to Rs 362.45 crore, as against Rs 286.59 crore in the year-ago period, JBM Auto said in a filing to the BSE.

JBM Group ED Nishant Arya said: "The quarter that has gone-by saw some green shoots for the entire auto industry - car sales picked up, and there was encouraging response for trucks and buses as well. With new models getting tremendous response, our body-in-white and chassis and suspension business is doing brisk business."
 

The company's scrip closed at Rs 285.65, down 4.99 per cent, on the BSE.

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First Published: Nov 13 2014 | 6:26 PM IST

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