JBM Auto Limited (NSE: JBMA, BSE: 532605), a leading player in the automotive components and electric vehicle manufacturing sector, has reported robust financial performance for the third quarter (Q3) and nine-month period ended December 31, 2024. The company registered a strong year-over-year (YoY) revenue growth, improved profitability, and continued expansion across its business segments.
Revenue and Segment Performance
JBM Auto recorded a total revenue of ₹1,396.23 crore in Q3 FY 2024-25, marking a 4% increase YoY from ₹1,346.74 crore in Q3 FY 2023-24. For the nine months, revenue surged to ₹3,826.82 crore, up from ₹3,524.50 crore in the same period last year.
Segment-wise Revenue Breakdown (Q3 FY 2024-25)
Component Division – ₹785.41 crore (up from ₹725.22 crore YoY)
OEM Division – ₹528.98 crore (down from ₹544.75 crore YoY)
Others – ₹0.00 crore (down from ₹0.26 crore YoY)
The Component Division, which contributes 56% of total revenue, remained the most significant revenue driver, posting an 8.3% growth compared to last year.
Profitability and Margins
Profit before tax (PBT) for Q3 stood at ₹72.75 crore, reflecting a YoY decline from ₹164.48 crore in Q3 last year.
Nine-month PBT stood at ₹246.10 crore, down from ₹432.76 crore in the previous year.
Finance costs increased to ₹68.48 crore in Q3, compared to ₹141.44 crore last year.
EBITDA margins declined slightly due to increased financing costs and raw material prices.
Despite a drop in profitability, the company maintained strong operational performance, primarily driven by component sales growth and stable production levels.
Balance Sheet and Capital Employed
Total Assets (as of December 31, 2024)
₹5,472.82 crore, up from ₹4,896.09 crore last year.
Growth is mainly driven by higher capital deployment in OEM and Tool Room segments.
Total Liabilities (as of December 31, 2024)
₹2,975.50 crore, up from ₹2,441.30 crore last year, reflecting increased borrowings for capacity expansion.
Capital Employed (Assets - Liabilities)
₹2,497.32 crore, slightly up from ₹2,454.79 crore last year.
Recent Developments and Strategic Initiatives
Equity Share Sub-Division
The company’s Board approved a sub-division of existing equity shares (face value of ₹2 per share to ₹1 per share). Shareholders approved this move in December 2024, aiming to increase liquidity and retail participation.
Expansion in Electric Mobility
JBM Auto continues its strong push into the electric vehicle (EV) market, with its subsidiary JBM Electric Vehicles Private Limited investing significantly in green mobility solutions.
Market Outlook and Future Growth Strategy
JBM Auto remains well-positioned for long-term growth, backed by:
Expansion in EV and sustainable mobility solutions.
Strong order book in the Component and OEM divisions.
Cost optimization strategies to improve profitability in the coming quarters.
The company expects stable revenue growth in Q4 FY 2024-25, with further expansion in the EV sector and increased investments in tooling and automation.
Conclusion
While profitability faced pressure due to higher financing costs, JBM Auto’s top-line growth, strategic capital investments, and expansion in the EV sector keep it well-positioned for future gains.
