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JBM Auto's Q3 net income up 15.2% y/y to USD2.8 million

Sales in Component Division drop 3.5% y/y

JBM Auto has reported 15.2% year-over-year (y/y) increase in consolidated net income to INR197.4 million (USD2.8 million) for the third quarter ended 31 December 2018, the India-based automotive supplier said in a press release. The company’s total revenue increased 9.4% y/y to INR4.37 billion. Higher revenue helped JBM Auto record profit before taxes (PBT) of INR309.9 million, up 16% y/y.

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