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Home News India EV News

JBM Auto Reports 7.8% Profit Growth in Q3 FY25, Expands EV Portfolio

Aditi Singh by Aditi Singh
January 30, 2025
in India EV News, News
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JBM Auto announced a 7.8% increase in net profit for the third quarter of fiscal year 2025, reaching ₹52.42 crore, up from ₹48.63 crore in the same period the previous year. The company’s sales, including other operating income, rose by 3.7% to ₹1,396.15 crore from ₹1,346.17 crore in Q3 FY24. Profit before tax increased by 10.4% to ₹72.75 crore, and EBITDA grew by 20.3% to ₹192.83 crore. Earnings per share improved to ₹4.45 from ₹4.12 in the prior year.

The Board of Directors has approved a stock split, dividing existing equity shares with a face value of ₹2 each into shares of ₹1 each, a move subsequently endorsed by the company’s shareholders.

JBM Auto continues to strengthen its position in the electric vehicle market, focusing on expanding its EV portfolio to meet growing demand. The company is investing in new electric bus models and charging infrastructure solutions, aiming to enhance its presence in the commercial EV sector as India advances toward sustainable transportation.

In the previous fiscal year, the company’s EV business more than tripled, reaching ₹1,750 crore in FY24 from ₹550 crore in FY23. The firm expects this segment to grow to over ₹3,000 crore in the current fiscal year.

JBM Auto’s strategic initiatives align with India’s broader push for green mobility, supported by government incentives and increasing consumer interest in cleaner transportation alternatives.

Tags: electric busElectric VehicleEV newsEV sectorev timesJBM Auto
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