JBM Auto Q4 net profit zooms 159.24% at Rs 84.98 cr
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The company reported standalone net profit of Rs 84.98 crore for the quarter ended March 31, 2022 as compared to Rs 32.78 crore in the same period last year, registering a year-on-year growth of 159.24 per cent. Net revenue of the company rose substantially by 42.84 per cent at Rs 1,055.10 crore in January-March quarter of this fiscal as against Rs 738.67 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 44.36 per cent to Rs 946.04 crore from Rs 655.34 crore in year ago period.
Other Income grew by 26.44 per cent at Rs 5.69 crore versus (Mar'21 Rs 4.50 crore). Operating Profit surged by 30.89 per cent to Rs 109.07 crore as against Rs 83.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.33 per cent in March quarter. Interest grew by 19.54 per cent y-o-y to Rs 18.60 crore, while Taxation decreased by 160.70 per cent at Rs -11.15 crore (Mar'21 Rs 18.37 crore).
