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 electric bus displayed at Auto Expo 2016 in Greater Noida.
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.