Shares of JBM Auto were last trading 2.27 per cent lower at Rs 434.20 on the BSE.Share price of JBM Auto declined around three per cent on Wednesday, May 19, a day after the automobile component major announced its January-March quarter results for the financial year 2020-21.
On Wednesday, JBM Auto opened on the BSE at Rs 455.95, swinging to an intra day high of Rs 455.95 and an intra day low of Rs 430.20, in the trading session so far.
According to a statement shared by the company, JBM Auto reported a net profit of Rs 32.24 crore in the March quarter of the fiscal year 2020-21.(Also Read:JBM Auto Net Profit Increases 103% To 32.24 Crore In March Quarter)JBM Auto reported a net profit ofRs15.83 crore reported in the corresponding quarter of the previous fiscal, marking a jump of 103.65 per cent in the fourth quarter of fiscal 2020-21.
The jump in profit was on the back of robust sales.
The company's revenue from operations on a consolidated basisstood at Rs 744.88 crore in the March quarter, compared to475.21 crore in the corresponding period of the previous financial year.JBM Auto Limited, the auto component major, is the flagship company of the JBM Group.
On the NSE, JBM Auto opened at Rs 446, registering an intra day high of Rs 446.95 and an intra day low of Rs 429.70, in the session so far.
It was last trading 2.92 per cent lower at Rs 433.90 on the NSE.Shares of JBM Auto were last trading 2.27 per cent lower at Rs 434.20 on the BSE.