Automobile component major JBM Auto announced its January-March quarter results for the financial year 2020-21, reporting a two-fold jump in net profit on a consolidated basis. According to a statement shared by the company on Tuesday, May 18, JBM Auto reported a net profit of Rs 32.24 crore in the March quarter, compared to Rs 15.83 crore reported in the corresponding quarter of the previous fiscal, marking a jump of 103.65 per cent. The jump in net profit was on the back of robust sales recorded during the quarter.
On Tuesday, May 18, shares of JBM Auto Limited settled 2.06 per cent lower at Rs 444.30 apiece on the BSE. JBM Auto opened at Rs 461.95, swinging to an intra day high of Rs 479.55 and an intra day low of Rs 440.20 throughout the session.