Gurgaon, February 5, 2025 – Jay Bharat Maruti Limited (JBML), a key auto component manufacturer, has released its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024.
Financial Performance Overview (₹ in Lakhs)
| Particulars | Standalone Q3 FY25 | Standalone Q3 FY24 | YoY Change (%) | Consolidated Q3 FY25 | Consolidated Q3 FY24 | YoY Change (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 54,750.79 | 39,066.07 | 40.1% | 54,750.79 | 39,066.07 | 40.1% |
| Other Income | 92.22 | 175.66 | (47.5%) | 92.22 | 175.66 | (47.5%) |
| Total Income | 54,843.01 | 39,241.73 | 39.7% | 54,843.01 | 39,241.73 | 39.7% |
| EBITDA (Excl. Other Income) | 4,976.68 | 3,041.27 | 63.7% | 4,976.68 | 3,041.27 | 63.7% |
| Depreciation & Amortization | 2,094.44 | 2,092.13 | 0.1% | 2,125.96 | 2,092.13 | 1.6% |
| Profit Before Tax (PBT) | 579.32 | 459.38 | 26.1% | 591.80 | 459.38 | 28.8% |
| Net Profit (PAT) | 384.88 | 298.61 | 28.9% | 391.63 | 305.04 | 28.4% |
| EPS (₹) – Basic & Diluted | 0.36 | 0.28 | 28.6% | 0.36 | 0.28 | 28.6% |
Segment-Wise Highlights
- Revenue Growth: JBML achieved a 40.1% YoY increase in revenue, reflecting strong demand in the auto components sector.
- Profitability: Despite inflationary pressures, EBITDA expanded 63.7% YoY, driven by operational efficiencies.
- Net Profit: PAT grew 28.9% YoY, showing resilience in earnings.
Corporate Announcements
- Regulatory Compliance: The company complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185, ensuring transparent financial reporting.
- Joint Venture Performance: The company reported a profit contribution from its joint venture, M/s. JBM Ogihara Die Tech Private Limited.
Management Commentary
S. Karya, Chairman, stated:"The Q3 results reflect our commitment to operational excellence and cost optimization. The strong revenue growth is aligned with increasing automotive demand, and we remain focused on scaling our production capabilities."
Strategic Outlook
- Expansion Plans: JBML is looking to enhance production efficiency at its Gurgaon and Manesar plants.
- Industry Trends: The company anticipates sustained growth in the Indian automotive sector, supported by rising EV adoption and increased vehicle production.
Audit Report & Compliance
- Independent Review: Auditors GSA & Associates LLP issued an unmodified report, affirming compliance with Indian Accounting Standards (Ind AS 34).
- Debt Position: No defaults were reported on loans or debt securities.
- Related Party Transactions: No significant deviations or variations were noted.
Investor Insights
With a robust financial performance, improved margins, and a positive industry outlook, JBML is well-positioned for continued growth. Investors may anticipate further expansion as the company capitalizes on demand in the auto sector.Stock Performance & Future Prospects: Given the strong revenue and profit trajectory, JBML remains a key player in India's auto component manufacturing industry.