Dolat Capital: Jamna Auto Well Poised For Take Off
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Dolat Capital Report
Jamna Auto Industries Ltd.’s posted decent numbers in Q2 FY21 amid challenging environment.
Ebitda grew 3% YoY to Rs 166 million with expanded margin of 8.9% (up 149 basis points YoY), led by cost control measures and richer mix (increase in mix for replacement revenue).
Capex in H1 FY21 was Rs 34 million, cash flow from operations stood at Rs 1.43 billion and the company generated free cash flow of Rs 1.39 billion driven by efficient working capital management.
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