Stock Split Declared, Record Date To Be Finalised: JBM Auto Posts 188.6% Jump In Net Profit

Auto Ancillaries sector company, JBM Auto Ltd shares today witnessed decline of 1.30% on BSE. Current market price of JBM Auto shares on BSE stood at Rs 1549.60 per share. The company's market capitalisation is Rs 18,323.58 crore. The scrip declined over 10% in last 1-week and jumped 283% in last 2-years. Today, the company declared its financial results along with stock split/sub-division of shares. FII/FPI have decreased holdings from 3.30% to 3.26% in September 2024 quarter. Number of FII/FPI investors increased from 92 to 95 in September 2024 quarter. Mutual Funds have increased holdings from 0.05% to 0.06% in September 2024 quarter, according to Trendlyne. Check details below:

JBM Auto Ltd Recommends Stock Split

As per the exchange filing of the company dated October 28, 2024, "recommended the proposal of sub-division of Equity shares have face value of Rs 2/- each fully paid up in to equity shares having face value of Re 1/- each fully paid up at the record date to be determined as authorized by Board of Directors, subsequent to the approval of shareholders through Postal Ballot (e-voting process).

JBM Auto Shares Performance

The 52-week high price of JBM Auto shares on BSE is Rs 2417.30 per share (as on 19/02/2024) and 52-week low price is Rs 1160.00 per share (as on 27/10/2023), respectively. JBM Auto shares fell 23% in last 3-months, gained 27% in last 1-year, and offered stellar returns of 567% in last 3-years.

JBM Auto Dividend History

JBM Auto recommended 18 dividends since August 14, 2006. In last 1-year, JBM Auto announced an equity dividend amounting to Rs 1.50 per share. At the current share price of Rs 1549.60, JBM Auto offers a dividend yield of 0.10%.

JBM Auto Declares Q2 Results

The company declared its standalone net profit for the quarter ended September 30, 2024 at Rs 30.42 crore, up 188.6% as against Rs 10.54 crore announced in the corresponding quarter of last year. Revenue from operations for September 2024 quarter announced at Rs 1099.64 crore as against Rs 807.57 crore in the similar quarter of last year. Total standalone income for the quarter under review declared at Rs 1118.43 crore as against Rs 815.21 crore in the similar quarter of last year.

Disclaimer:

The stock highlights the stock split, Q2 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.