Dolat Capital: Jamna Auto Well Poised For Take Off  
Auto parts used in the assembly of motorcycles sit in containers on the production line at a manufacturing facility in Chennai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Dolat Capital: Jamna Auto Well Poised For Take Off  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Dolat Capital Jamna Auto Q2FY21 Result Update.pdf

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