JBM Auto Q1 Net declines 51% to 4.09 cr

Auto component maker JBM Auto today reported 51.01 percent decline in its consolidated net profit at Rs 4.09 crore for the first quarter ended June 30, 2013, due to slow down in the automotive market.

The company had posted a consolidated net profit of Rs 8.35 crore in the same period previous fiscal, JBM Auto said in a filing to the BSE.

However, company's consolidated income from operations increased to Rs 231.24 crore in the April-June quarter, compared to Rs 218.74 crore during the same period lastyear.

JBM Auto's shares had closed yesterday at Rs 50.50 per scrip on BSE, up 4.77 percent from its previous close.

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