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JBM Auto plunges 11% after poor Q4 results
Source: IRIS | 19 May, 2015, 09.48AM
Rating: NAN / 5 stars.
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JBM Auto, the company engaged in the manufacturing of tools, dies and moulds, witnessed a sharp fall in share price on Tuesday after it has reported a fall of 15.24% in net profit to Rs. 175.8 million for the quarter ended Mar. 31, 2015 compared with Rs 207.4 million in the same period last year.

Net sales including other operating income stood at Rs. 3.75 billion compared Rs. 3.77 billion in Q4 of FY2014, registering an year-on-year decrease of 0.54%.

Shares of the company are trading at Rs 211, down Rs 26.1, or 11.01% at the Bombay Stock Exchange (BSE) on Tuesday at 9:44 a.m.

Total volume of shares traded on the bourses today was higher by 18,578.87% to 191,832 compared with 22-day average volume of 1,027.



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