trending Market Intelligence /marketintelligence/en/news-insights/trending/q4qwPmSMC01wI7-3kkzftg2 content esgSubNav
In This List

JBM Auto fiscal Q2 profit falls YOY

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Podcast

Next in Tech | Episode 66: Connected vehicles in transition


JBM Auto fiscal Q2 profit falls YOY

JBM Auto Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2.69 Indian rupees per share, a decline of 28.8% from 3.78 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 110.9 million rupees, a decrease of 27.8% from 153.7 million rupees in the year-earlier period.

The normalized profit margin declined to 2.7% from 4.2% in the year-earlier period.

Total revenue climbed 14.2% on an annual basis to 4.14 billion rupees from 3.62 billion rupees, and total operating expenses grew 15.6% on an annual basis to 3.76 billion rupees from 3.25 billion rupees.

Reported net income grew 18.6% from the prior-year period to 179.1 million rupees, or 4.34 rupees per share, from 151.1 million rupees, or 3.71 rupees per share.

As of Nov. 5, US$1 was equivalent to 65.90 Indian rupees.