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Home arrow News arrow Auto component arrow Jamna Auto to bring down revenue share of leaf springs from 90% to 65%
Jamna Auto to bring down revenue share of leaf springs from 90% to 65% Print E-mail
Written by Anand   
Wednesday, 03 August 2011
New Delhi: Jamna Auto Industries Limited, India's largest and among the world's five largest commercial vehicle spring manufacturers, registered a turnover of Rs. 268 crore for the first quarter ended June 30, 2011, up by 23% from Rs 218 crore for the corresponding period last year.

"The company has been working towards de-risking itself from OEMs concentration to ensure that 30% revenue comes from the domestic and export After Market and OEM export segments," said Randeep Jauhar, CEO of Jamna Auto Industries Limited.

"It wants to bring down the revenue share of leaf springs from the present level of 90% to 65% by adding new products like Air Suspension, Lift Axle and increasing parabolic spring capacity in the next 2-3 years horizon. The company’s expansion plans are going as per schedule," he added.

Q1FY12 consolidated net profit was Rs 12.95 crore as against of Rs 9.38 crore for the corresponding period previous year up by 38%. The company announced an interim dividend of Re 1 per share.

 
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