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MACHINIST - Jamna Auto Q2FY12 turnover up 24% at Rs. 270cr, Net Profit at Rs. 13.61cr

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Home arrow News arrow Auto component arrow Jamna Auto Q2FY12 turnover up 24% at Rs. 270cr, Net Profit at Rs. 13.61cr

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Jamna Auto Q2FY12 turnover up 24% at Rs. 270cr, Net Profit at Rs. 13.61cr
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Written by Ganesh   
Wednesday, 16 November 2011

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New Delhi: Jamna Auto Industries Limited registered a consolidated turnover of Rs 270 crore for the second quarter ended 30 September, 2011, as compared to Rs. 219 crore for the corresponding period in the previous year. Net profit during the same period stood at Rs. 13.61 crore as against Rs. 11.04 crore in the previous year.

"The company continues to grow its footprint in the growing domestic after market segment. In the first half of the current fiscal, we have already seen 28% jump in after market turnover. With the huge demand in the domestic market we intend to grow at a reasonable pace and sustain the growth going forward," said  Randeep Jauhar, CEO of Jamna Auto Industries Limited.

The company posted consolidated turnover of Rs 516 crore for the first half of FY12 as against Rs.419 crore in the corresponding period of previous year. Consolidated net profit for the first half of fiscal year of FY12 stood at Rs.27.17 crore as compared to Rs. 20.42 crore in the corresponding period of fiscal year FY11.

Jamna Auto Industries is India’s largest and among the world’s five largest commercial vehicle spring manufacturers. The company manufactures leaf springs and parabolic springs for M&HCVs, with an installed capacity of 180,000 mtpa.

The manufacturing facilities are located at Yamuna Nagar (Haryana), Chennai, Malanpur (Madhya Pradesh), Lucknow and Jamshedpur. Jamna Auto’s subsidiary entity – Jai Suspension Systems LLP has its plant at Pant Nagar (Uttarakhand).

Last Updated ( Wednesday, 16 November 2011 )
 
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