Jay Bharat
Maruti Limited
NSE Symbol JAYBARMARU
Jay Bharat Maruti Limited has announced its Q1 FY11 results – which show good progress over the corresponding quarter of Q1 FY10 – as also in comparison of its annualized values (Q1 X 4) without considering further improvements in Q2,Q3 and Q4 of FY 11 - with FY10 results.
The fortunes of Jay Bharat Maruti are of course linked with the fortunes of Automotive industry in a big way. Its performance reflects the general improvement in the Auto sector.
As can be seen from the figures below, its Net sales have increased by 27.8% compared to the corresponding Qtr of Q1 FY10- and by 11.9% by comparison with total FY10 sales.
Total expenditure has also increased by 26.2% over Q1FY10 – and by 12% compared to FY10 total.
Operational Profit has increased by 67% over Q1 FY10 - - and by 10.8% over FY10.
Net Profit has increased by 67% over Q1 FY10 – and by 5% over FY10.
Basic EPS on the face value of Rs.5 has increased to Rs.2.55 from Q1 FY10’s EPS of Rs.1.54.
We need to taken into account further improvements in Q2,Q3 and Q4 – which are quite to be expected. Hence, annualized values are likely to be much higher for Q11.Its annual EPS for FY 11is therefore likely to be between 12-13.
It is currently priced at Rs.83. Hence, based on expected FY11 earnings, its PE Ratio comes to about 7. On the FY10 earnings also, PE ratio is hardly 8.56. A very good future seems to await JBM and its investors.
Jun-10 | Jun-09 | Dif%1 | Dif%2 | ||
Net Sales | 22479.1 | 17583.7 | 27.8 | 80321 | 11.9 |
Raw Materials | 18043.1 | 13914.9 | 29.7 | 62944.17 | 14.7 |
Employees Cost | 1286.56 | 946.43 | 35.9 | 4130.77 | 24.6 |
Depreciation | 878.83 | 1151.08 | -23.7 | 3808.3 | -7.7 |
Other Expenditure | 1475.7 | 1096.23 | 34.6 | 5012.85 | 17.8 |
Total Expenditure | 21294.4 | 16874.3 | 26.2 | 76043.08 | 12 |
Profit (Operations) | 1184.7 | 709.41 | 67 | 4277.92 | 10.8 |
Other Income | 80.11 | 62.29 | 28.6 | 231.09 | 38.7 |
Interest | 338.04 | 263.9 | 28.1 | 1227.36 | 10.2 |
P B T | 926.77 | 507.8 | 82.5 | 3281.65 | 13 |
Tax expense | 375 | 175 | 114.3 | 1180.63 | 27.1 |
P A T | 551.77 | 332.8 | 65.8 | 2101.02 | 5 |
Net Profit | 551.77 | 332.8 | 65.8 | 2101.02 | 5 |
Dividend (%) | - | - | 30 | ||
Face Value .Rs | 5 | 5 | 0 | 5 | |
Paid Up Equity | 1082.5 | 1082.5 | 0 | 1082.5 | |
Basic EPS | 2.55 | 1.54 | 65.6 | 9.7 | 5.2 |
Public Holding.% | 41.43 | 41.43 | 0 | 41.43 |
OTHER NEWS ON JBM
NEWS UPDATES 14.6.2010
1. MOU Signed
JBM Cadmind has signed a memorandum of understanding with the University of Petroleum and Energy Studies to open a centre of excellence for design engineering at its Dehradun-based campus.
DATED : 3.5.2010
2. JBML bags two Vendor Performance Awards from MSIL
Jay Bharat Maruti Limited has been awarded by Maruti Suzuki India Limited with Vendor Performance Award in the category of Value Analysis & Value Engineering (VA -VE) and Manufacturing Excellence for the year 2009-10. The awards were conferred upon during MSIL Vendors' conference held in Hong Kong on 3-4 May 2010. Also a certificate of appreciation for valuing JBML's association with MSIL was received. |
3. JBM Auto Bags Best Delivery Performance Award from TATA
JBM continues to forge ahead with the indomitable spirit of customer first. TATA Motors acknowledges JBMA's contribution to their full blast ramp up. Mr Dhiraj Mohan chief operating officer received best delivery performance award during TATA Motors' national vendor conference held at Mumbai. |
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