JBM Auto Firing On All Cylinders In Q3: Dolat Capital
A JBM Solaris Ecolife electric bus, right, manufactured by JBM Group, stands next to the company’s Citylife bus at the Auto Expo held in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

JBM Auto Firing On All Cylinders In Q3: Dolat Capital

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. displayed a strong all round performance in Q3 FY21.

Net revenue grew by 26% YoY to Rs 5.97 billion led by growth in the bus division (up 66 YoY) to Rs 1.22 billion, tooling division (up 11 % YoY) to Rs 663 million and component division (up 20 % YoY) to Rs 4 billion.

Bus division Ebit margin expanded up 200 basis points YoY to 7.8% led by economies of scale, while tooling division contracted by 440 bps YoY to 23% and component division dropped by 26 bps YoY to 5.4% due to commodity inflation.

Click on the attachment to read the full report:

Dolat Capital JBM Auto Q3FY21 Result Update.pdf


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