The automotive manufacturer strengthens its position in sustainable transportation with new electric mobile medical units and luxury coaches, while maintaining steady financial performance across key metrics.
29 Jan 2025 | 1473 Views | By Autocar Pro News Desk
JBM Auto Limited has reported positive financial results for the third quarter of fiscal year 2025, alongside significant developments in its electric vehicle segment. The automotive manufacturer announced a net profit of Rs. 52.42 crore for the quarter ending December 31, 2024, reflecting an increase from Rs. 48.63 crore in ...
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JBM Auto Limited has reported positive financial results for the third quarter of fiscal year 2025, alongside significant developments in its electric vehicle segment. The automotive manufacturer announced a net profit of Rs. 52.42 crore for the quarter ending December 31, 2024, reflecting an increase from Rs. 48.63 crore in the same period last year.
The company's financial performance shows steady growth across key metrics. Sales revenue, including other operating income, reached Rs. 1,396.15 crore, marking a modest increase from Rs. 1,346.17 crore in the previous year's corresponding quarter. EBIDTA rose to Rs. 192.83 crore, while earnings per share improved to Rs. 4.45.
In a significant corporate development, JBM Auto's shareholders have approved the Board's recommendation for a stock split. The move will subdivide each existing equity share, currently valued at Rs. 2.00, into two shares with a face value of Rs. 1.00 each.
The quarter also marked important product launches for JBM Auto's electric vehicle division. The company unveiled its first Low Floor Electric Medical Mobile Unit, a healthcare-focused vehicle designed to serve rural and remote areas. This innovative unit was showcased at the Parliament in New Delhi, highlighting its potential role in improving healthcare accessibility.
At the Bharat Mobility Global Expo 2025, JBM Auto introduced the 'Galaxy', an electric luxury coach featuring both seating and sleeping accommodations, along with several other electric bus variants. These launches align with the company's expanding focus on sustainable transportation solutions.
Looking ahead, JBM Auto reports a strong order book in both its OEM and Tool Room divisions, suggesting continued growth potential for the remainder of fiscal year 2025. The company's diversification into specialized electric vehicles, combined with its steady financial performance, indicates a strategic focus on both innovation and market expansion.