JBM Auto gains on reporting 51% rise in Q3 consolidated net profit
JBM Auto is currently trading at Rs. 1906.05, up by 6.55 points or 0.34% from its previous closing of Rs. 1899.50 on the BSE.
The scrip opened at Rs. 1941.50 and has touched a high and low of Rs. 1966.40 and Rs. 1881.00 respectively. So far 9873 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2004.90 on 11-Jan-2024 and a 52 week low of Rs. 482.20 on 09-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1966.40 and Rs. 1820.00 respectively. The current market cap of the company is Rs. 22537.90 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 2.86% and 29.61% respectively.
JBM Auto has reported 29.70% fall in net profit at Rs 20.73 crore for the third quarter ended December 31, 2023 as compared to Rs 29.49 crore for the same quarter in the previous year. However, total income of the company increased by 34.98% at Rs 1,263.82 crore for Q3FY24 as compared Rs 936.31 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 50.72% rise in its net profit at Rs 52.06 crore for third quarter ended December 31, 2023 as compared to Rs 34.54 crore for the same quarter in the previous year. Total income of the company increased by 40.31% at Rs 1,349.95 crore for Q3FY24 as compared Rs 962.12 crore for corresponding quarter of the previous year.
