trending Market Intelligence /marketintelligence/en/news-insights/trending/jnyBD8wTCGhfrsD3EXsdIQ2 content esgSubNav
In This List

JBM Auto fiscal Q1 profit climbs YOY

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15

Video

Panel Discussion: Modernization Initiatives Advancing the U.S. Capital Market

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency


JBM Auto fiscal Q1 profit climbs YOY

JBM Auto Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 4.61 Indian rupees per share, a gain from 1.29 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 188.1 million rupees, an increase from 52.7 million rupees in the prior-year period.

The normalized profit margin rose to 5.3% from 2.3% in the year-earlier period.

Total revenue grew 53.9% on an annual basis to 3.56 billion rupees from 2.31 billion rupees, and total operating expenses increased 49.0% on an annual basis to 3.14 billion rupees from 2.11 billion rupees.

Reported net income grew from the prior-year period to 214.0 million rupees, or 5.24 rupees per share, from 41.0 million rupees, or 1.00 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.