JBM Auto Reports Mixed Performance in Q2 FY 2024-25 Financial Results
JBM Auto, a midcap auto ancillary company, has reported a flat performance for the second quarter of fiscal year 2024-25. However, there has been a slight improvement in the overall score, with positive trends in net sales and profit after tax. The company's operating profit margin has also shown improvement, but there are concerns about increased interest cost and non-operating income. MarketsMojo has given a 'Sell' call for JBM Auto's stock, based on its financial performance.
JBM Auto, a midcap auto ancillary company, has recently declared its financial results for the quarter ending September 2024. The company has reported a flat performance for the second quarter of the fiscal year 2024-25. However, there has been a slight improvement in the overall score, which has increased from 0 to 3 in the last three months.
According to the financials, JBM Auto has shown a positive trend in its net sales for the nine-month period, with a growth of 22.88% year on year. The company's profit after tax has also increased by 35.31% year on year, indicating a positive trend in the near term. Additionally, the operating profit margin for the quarter has been the highest in the last five quarters, showing an improvement in the company's efficiency.
On the other hand, there are some areas that need attention for JBM Auto. The interest cost for the quarter has increased by 14.63% quarter on quarter, with the highest amount in the last five quarters. This could signify increased borrowings by the company. Moreover, the non-operating income for the quarter has also increased, which may not be sustainable in the long run.
MarketsMOJO has given a 'Sell' call for JBM Auto's stock, based on its financial performance. However, it is important to note that this is not a recommendation from experts or investors, but rather a neutral assessment based on the facts and figures provided by the company's financials. Overall, JBM Auto's financial results for the quarter ending September 2024 show a mixed performance, with some positive and negative trends.
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