BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
JBM Auto Ltd. printed a remarkable performance in Q4. Net revenue jumped 44% YoY and 31% QoQ to Rs 10.72 billion led by 119% QoQ growth in the original equipment manufacturer business (bus division), 14% in component business, partially offset by 15% de-growth in the tooling division.
Despite the commodity inflation, JBM Auto reported strong margin at 11.5% led by operating leverage and cost cutting measures.
OEM/bus division we foresee better performance in the bus division to continue in the coming year on the back of a strong order book of 1500 plus buses and potent demand of electric buses.
Currently, five state transport undertakings along with Convergence Energy Services Ltd. have announced their intent to float tenders for a total of over 12,000 buses. We believe JBM Auto would be one of the major beneficiary while going ahead of the move, towards e-buses by State governments.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
