JBM Auto Q3 Profit Rises 8% to Rs 52 Cr - Business News
JBM Auto's consolidated net profit rose 8% to Rs 52 crore in Q3 FY23, driven by a 4% increase in sales. The company's shares closed 2.7% higher on the BSE.
New Delhi, Jan 29 (PTI) JBM Auto on Wednesday said its consolidated net profit increased 8 per cent to Rs 52 crore in the December quarter.
The company had recorded a net profit of Rs 49 crore in the year-ago period, JBM Auto said in a statement.
Sales, including other operating income, stood at Rs 1,396 crore in the third quarter of the current fiscal year, up 4 per cent compared to Rs 1,346 crore a year ago.
The company said its board of directors in a meeting on October 28 last year, recommended the sub-division of existing equity share having a face value of Rs 2 each into equities with face value of Rs 1 each.
This sub-division has been approved by the company's shareholders.
Shares of the company on Wednesday ended 2.7 per cent up at Rs 1,401.05 apiece on the BSE.
The company had recorded a net profit of Rs 49 crore in the year-ago period, JBM Auto said in a statement.
Sales, including other operating income, stood at Rs 1,396 crore in the third quarter of the current fiscal year, up 4 per cent compared to Rs 1,346 crore a year ago.
The company said its board of directors in a meeting on October 28 last year, recommended the sub-division of existing equity share having a face value of Rs 2 each into equities with face value of Rs 1 each.
This sub-division has been approved by the company's shareholders.
Shares of the company on Wednesday ended 2.7 per cent up at Rs 1,401.05 apiece on the BSE.
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