JBM Auto Q4 Review - Strong Show, Growth Trajectory To Continue: Dolat Capital

Staff at JBM Auto Ltd. auto components manufacturing facility. (Source: Company website) 

JBM Auto Q4 Review - Strong Show, Growth Trajectory To Continue: 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 Q4 FY21.

Net revenue jumped 26% QoQ to Rs 7.45 billion led by 53% growth in the bus division, 28% in component division, partially offset by 35% de-growth in tooling division.

Bus division Ebit margin expanded up 342 basis points QoQ to 11.2%, and component division by 106 bps QoQ led by operating leverage and cost control measures, while tooling division contracted by 102 bps QoQ to 21.9%.

Although Q1 revenue is expected to be weak due to Covid-19 led lockdown, the management expects sharp recovery from Q2 onwards and guided revenue Rs 27-30 billion for FY22.

Click on the attachment to read the full report:

Dolat Capital JBM Auto Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.