JBM Auto Limited reported its consolidated results for the quarter ended June 30, 2024, showing a 9.98% increase in net profit to Rs. 33.18 crore compared to Rs. 30.17 crore in the same quarter of the previous fiscal year.
Sales, including other operating income, rose by 20.95% to Rs. 1,144.50 crore from Rs. 946.22 crore in Q1FY24. The company's EBIDTA grew by 25.04% to Rs. 149.15 crore, up from Rs. 119.28 crore in the corresponding quarter last year. Earnings per share (EPS) for Q1FY25 stood at Rs. 2.82, compared to Rs. 2.56 in Q1FY24.
The company noted that this quarter saw the highest ever sales for a Q1 in all three of its segments. JBM Auto delivered the first batch of 50 intercity buses to Telangana as part of a larger order of 500 buses. The company also deployed India's first 9-meter low-floor air-conditioned bus in Delhi.
The OEM Division reported a 91.35% increase in revenue year-over-year, with EBITDA up by 68.7%. The Auto Component Division registered its highest ever Q1 revenues, up by 21%. JBM Auto stated that it has a strong order book in its OEM Division and Tool Room Division, which it expects will contribute to continued growth in FY25.