JBM Auto Reports Flat Q3 FY24-25 Results Amid Rising Interest Expenses and Profit Challenges

JBM Auto, a midcap player in the auto ancillary industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat performance for Q3 FY24-25, with notable evaluation changes reflected in its score, which has shifted from 3 to -3 over the past three months.
The financial data reveals that JBM Auto achieved its highest operating profit (PBDIT) in the last five quarters, amounting to Rs 175.01 crore, suggesting a positive near-term trend in operating profit. However, the company is facing challenges as its operating profit to interest ratio has reached its lowest point at 2.56 times, indicating a decline in its capacity to manage interest obligations. Additionally, interest expenses have surged to Rs 68.48 crore, marking a 15.02% increase quarter-over-quarter, which points to rising borrowing costs.

On a more positive note, JBM Auto recorded its highest non-operating income in the last five quarters at Rs 17.82 crore, although the sustainability of this income from non-business activities remains uncertain.

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