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Home arrow Automotive arrow Jay Bharat Maruti's Q2FY10 revenue up 4% at Rs 187.80 crore, profit up 77.51%
Jay Bharat Maruti's Q2FY10 revenue up 4% at Rs 187.80 crore, profit up 77.51% Print E-mail
Written by Ganesh   
Thursday, 15 October 2009
New Delhi: Auto component major, Jay Bharat Maruti Limited (JBML), recorded revenues of Rs 187.80 crore for the quarter ended September 30, 2009, an increase of 4% from Rs 180.81 crore in the corresponding quarter last fiscal. Net profit stood at Rs 4.42 crore, up by 77.51% from Rs 2.49 crore. The operating margins increased to 4.80% from 2.99% in the corresponding quarter last fiscal.

"We are looking at a consistent growth throughout this financial year," said  Mr. S. K. Arya, Chairman, JBML.

The company's revenue for the half year ended September 2009, Rs. 364.25 crore, grew 1.73% from Rs. 358.04 crore during the corresponding period last year. The company reported a Net Profit of Rs. 7.75 crore, up 24.60% as against Rs. 6.22 crore in the same period last year. The operating margins increased to 4.43% from 3.49% in the corresponding quarter last fiscal.

"Given the global crisis, we are satisfied with this growth that is truly an indicator of our hard work and confidence of our investors," Mr. S. K. Arya said.

For the quarter ended September 30, 2009, EBIDTA stood at Rs 16.50 crore, an increase of 23.60% as compared to Rs 13.35 crore in Q2 FY08. For the half year ended September 2009, the EBIDTA stood at Rs 35.72 crore, registering an increase of 13.15% from Rs 31.57 crore.

"We would continue to invest in growing our partnerships and new projects to areas where our investors will benefit the most," he added.

Jay Bharat Maruti Limited (JBML) is the manufacturer and major supplier of sheet metal components, assemblies and sub-assemblies, Fuel Neck, Rear Axles and Exhaust systems to Maruti Suzuki India Limited. It's manufacturing capabilities include imported and indigenous press lines, robotic welding lines as well as plating and painting facilities. JBML added capabilities to produce exhaust systems, axles and fuel neck fillers to the existing capabilities of sheet metal components and welded modules.

 
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