JBM Auto Q4 net profit up 39% at Rs 13 crore, board nod to Rs 2 per share dividend | autos | Hindustan Times
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JBM Auto Q4 net profit up 39% at Rs 13 crore, board nod to Rs 2 per share dividend

JBM Auto’s board has approved a dividend of Rs 2 per share for the financial year ended March 31, 2017.

autos Updated: May 31, 2017 16:48 IST
JBM Auto
JBM electric bus displayed at Auto Expo 2016 in Greater Noida.(HT file photo)

Auto component maker JBM Auto on Wednesday posted 39.29% rise in net profit at Rs 13.47 crore for the fourth quarter ended March 31, 2017.

The company had reported a net profit of Rs 9.67 crore in the corresponding quarter of 2015-16.

Net sales of the company rose to Rs 467.47 crore for the fourth quarter, as against Rs 422.11 crore in the same period of previous fiscal, JBM Auto said in a statement.

For the year ended March 31, the company posted a net profit of Rs 65.88 crore as compared to Rs 52.38 crore in the 2015-16 fiscal.

Net sales for the year stood at Rs 1,790.23 crore as compared to Rs 1,517.76 crore in the previous financial year.

The company’s board, which met on Wednesday, has approved a dividend of Rs 2 per share for the financial year ended March 31, 2017.

Shares of the company were trading 1.94% down at Rs 275.80 on BSE.