JBM Auto Firing On All Cylinders In Q3: Dolat Capital
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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.
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