JBMA · Automobile and Auto Components
Most of the profit growth did not come from the business. What lifted the gap?
Reported profit +14.7% on the year; profit before other income, exceptional items and tax −69.4%.
Source: Quarterly statements
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Other income was 78% of profit before tax, against 20% a year earlier.
Source: Quarterly statements
Operating margin slipped on the year.
EBITDA margin 9.6%, −179 bps on the year (−167 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,346 cr | ₹1,486 cr | ₹1,144 cr | ₹1,286 cr | ₹1,396 cr | ₹1,646 cr | ₹1,254 cr | ₹1,368 cr | ₹1,614 cr | ₹1,852 cr | ₹1,442 cr | ₹1,656 cr |
| YoY | — | — | +21% | +4% | +4% | +11% | +10% | +6% | +16% | +13% | +15% | +21% |
| EBITDA margin | 11.7% | 11.6% | 11.4% | 12.3% | 12.0% | 11.2% | 9.6% | 11.0% | 10.7% | 12.4% | 10.7% | 11.0% |
| Other income, % of PBT | 9% | 15% | 20% | 15% | 25% | 19% | 78% | 53% | 27% | 28% | 52% | 14% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 21% | 23% | 26% | 19% | 22% | 20% | 23% | 26% | 23% | 22% | 26% | 17% |
| Net profit | ₹52.0 cr | ₹62.0 cr | ₹34.0 cr | ₹53.0 cr | ₹56.0 cr | ₹72.0 cr | ₹39.0 cr | ₹55.0 cr | ₹60.0 cr | ₹84.0 cr | ₹44.0 cr | ₹61.0 cr |
| YoY | — | — | +13% | +8% | +8% | +16% | +15% | +4% | +7% | +17% | +13% | +11% |
| Core profit YoY | — | — | +6% | +10% | −8% | +4% | −69% | −36% | +2% | +7% | +164% | +83% |
| EPS | ₹2.06 | ₹2.36 | ₹1.41 | ₹2.09 | ₹2.23 | ₹2.81 | ₹1.56 | ₹2.23 | ₹2.33 | ₹3.14 | ₹1.78 | ₹2.48 |
| Flags | · | · | ✓ | ✓ | 1 | ✓ | 2 | 2 | ✓ | 1 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
JBM Auto Ltd. reported revenue of ₹1,254 cr (+9.6% on the year) and net profit of ₹39.0 cr (+14.7% on the year) for April to June 2025.
Profit before other income, exceptional items and tax moved −69.4% on the year, against +14.7% for reported profit.
2 checks raised a question: Most of the profit growth did not come from the business. What lifted the gap?
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