Jamna Auto Q4 PAT jumps multi-fold to Rs48cr yoy; stock slides 4%

Net sales of the company in Q4FY21 double to Rs484cr on yearly basis.

Jun 01, 2021 11:06 IST India Infoline News Service

Jamna Auto Industries Limited net sales for the fourth quarter ended March 2021 stood at Rs484cr (up 41% qoq, up 104% yoy). EBIDTA of the company was Rs75cr (up 43% qoq, up 131% yoy). EBIDTA Margins up by 23 bps qoq, up 182 bps yoy.

Profit Before Tax (PBT) was Rs64cr (up 53% qoq, up 223% yoy). The company’s Profit After Tax (PAT) stood at Rs48cr (up 58% qoq, up 330% yoy). PBT Margins up by 103 bps qoq, up 485 bps yoy.

Net Sales in FY21 stood at Rs1079cr (down 4% yoy). EBIDTA was Rs142cr (up 9% yoy). EBIDTA Margins up by 165 bps. PBT was at Rs101cr (up 41% yoy). PAT at Rs73cr (up 52% yoy). PBT Margins up by 300 bps.

“The company has become debt free as of March 31, 2021. Cash Position surplus Rs41.1cr. Net Debt Position: Rs(41.1)cr. The Company has able to achieve the same due to efficient working capital deployment and conserving cash accruals,” company said in a regulatory filing on Monday.

M&HCV production in FY21 Decreased by 23% yoy to from 233,979 units in FY20 to 181,303 in FY21 (source: SIAM data).

The Board has recommended final dividend of Rs0.50 per equity share subject to approval of members of the Company. The company has already paid an interim dividend of Rs0.25 per share during FY21. The total dividend payout would be R0.75 per equity share (41% pay-out on 12 month’s period) for the FY21.

At around 11.11 AM, Jamna Auto Industries Ltd was trading at Rs79.85 per piece down Rs3.60 or 4.31% from its previous closing of Rs83.45 per piece on the BSE.

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