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Dolat Capital Report
JBM Auto Ltd. printed a standout performance in Q2. Net revenue jumped 46% YoY to Rs 7.5 billion led by 74% growth in the component and 13% growth in original equipment manufacturer business, partially offset by 18% de-growth in the tooling division.
Despite the commodity inflation, JBM Auto managed to report decent margin at 10.4% led by operating leverage.
Despite the semiconductor supply challenges, the company is able to deliver strong revenue growth in the component business (Sheet metal led by new order wins from Mahindra and Mahindra Ltd. and Tata Motors Ltd.
The company is the leading supplier of skin panel, body-in-white and Chassis.
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