JBM Auto Limited announced that its Board of Directors has approved a stock split of its equity shares. The split will change the face value of shares from ₹2 per share to ₹1 per share. The decision is intended to increase liquidity and make the stock more affordable to small investors. Following this announcement, JBM Auto shares fell by 4%.
The stock split is expected to be completed within approximately three months after shareholder approval via postal ballot.
As of 3:01 pm the shares were trading 3.33% lower at ₹1,518.95 on NSE.
JBM Auto Limited has reported a strong financial performance for the quarter ended September 30, 2024. The company achieved consolidated revenue from operations of ₹1,231.01 crore, marking a substantial 50% year-on-year increase compared to ₹807.57 crore in the same period last year. This surge in revenue reflects the company’s robust market presence and growing demand for its products.
The net profit for Q2 FY25 also witnessed significant growth, climbing by 51% to ₹60.83 crore from ₹40.34 crore in Q2 FY24. This improvement in profitability underscores JBM Auto’s efficient cost management and operational performance.
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