JBM Auto Q2 net up 43 per cent at Rs 15 crore

NEW DELHI: Components maker JBM Auto today posted 42.85 per cent jump in consolidated net profit at Rs 15.10 crore for the second quarter ended September 30, 2014-15.

The company had posted net profit of Rs 10.57 crore during the July-September period of the 2013-14 fiscal.

Net sales of the company in Q2, 2014-15 rose to Rs 362.45 crore, as against Rs 286.59 crore in the year-ago period, JBM Auto said in a filing to the BSE.

JBM Group ED Nishant Arya said: "The quarter that has gone-by saw some green shoots for the entire auto industry - car sales picked up, and there was encouraging response for trucks and buses as well. With new models getting tremendous response, our body-in-white and chassis and suspension business is doing brisk business."

The company's scrip closed at Rs 285.65, down 4.99 per cent, on the BSE.