Jay Bharat Maruti Ltd. Q3FY21 Net Profit increases by 163.77%
Gurugram, January 27, 2021: Jay Bharat Maruti Ltd. (JBML), India’s leading automotive company (BSE:520066 & NSE Code: JAYBARMARU), today announced its consolidated results for the quarter ended 31st Dec 2020 and have shown 163.77% increase in net profit to Rs. 17.91 crore in Q3FY21 as compared to Rs. 6.79 crore in Q3FY20. Sales including other operating income stood at Rs 498.71 crore compared to Rs 403.43 crore in Q3FY20, an increase of 23.62%. The company recorded a profit before tax of Rs27.99 crore in Q3FY21 as compared to Rs. 10.55 crore in the last quarter in the corresponding year, an increase of 165.31%. EBIDTA increased by 50.65% at Rs. 53.12 crore compared to Rs. 35.26 crore in Q3FY20. Earnings per share (EPS) for Q3FY21 stood at Rs 8.27, compared to Rs. 3.14 in Q3FY20.
Highlight of the Quarter:
| Particulars | Highlight of the Quarter: | Highlight of the Quarter: | Year Ended |
|---|---|---|---|
| Net Sales (including other operating income) |
498.71 | 403.43 | 1659.41 |
| EBIDTA | 53.12 | 35.26 | 142.74 |
| Profit Before Tax (PBT) | 27.99 | 10.55 | 42.40 |
| Profit After Tax (PAT) | 17.91 | 6.79 | 28.23 |
| Earnings Per Share) | 8.27 | 314 | 13.04 |
Highlight of the Quarter:
The strong performance of the company can be attributed to the following factors:
- Revival being witnessed in the auto sector.
- Increase in volumes of our customer Maruti Suzuki India Ltd.
- Various cost reduction measures taken due to CoVID19.
About Jay Bharat Maruti Ltd
Jay Bharat Maruti Limited, founded in collaboration with Maruti Suzuki India Limited (MSIL), is the flagship company of the US$2.20 bln JBM Group. JBM Group has a diversified portfolio in the field of automotive,buses & electric vehicles, EV charging Infra, engineering & design services and renewables, with an infrastructure of 60 manufacturing plants and 5 engineering & design centers in over 10 countries.JBM’s focus on quality delivery, frugal engineering, low time-to-market and art-to-part philosophy has provided the group an indomitable position in the automotive industry. Jay Bharat Maruti Ltd. is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools & dies,etc.for India’s largest car maker, Maruti Suzuki India Ltd. For further info, please visit www.jbmgroup.com.