Dolat Capital: JBM Auto Q2 Review - On The Path Of All Round Growth
A JBM Solaris Ecolife electric bus (right) manufactured by JBM Group, stands next to the company’s Citylife bus at the Auto Expo 2018 held in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

Dolat Capital: JBM Auto Q2 Review - On The Path Of All Round Growth

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

JBM Auto Ltd. reported decent set of performance in Q2 FY21.

Net revenue grew by 7% YoY to Rs 5.17 billion led by growth in the bus division (up 221% YoY) to Rs 1.2 billion on low base and tooling division (up 15% YoY) to Rs 803 million partially offset by de-growth in component division (down 16% YoY) to Rs 3.16 billion.

We expect the bus division continue to deliver strong performance in coming year on the back of strong order book of 600 buses (including 350 electric buses).

Click on the attachment to read the full report:

Dolat Capital JBM Auto Q2FY21 Result Update.pdf

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