JBM Auto Q2 net profit rises 6% to ₹53 crore on higher revenue, margin falls to 11.3%

Auto component manufacturer JBM Auto Ltd on Thursday (October 30) reported a net profit of ₹52.6 crore for the second quarter, up 6.2% from ₹49.5 crore in the same period last year.

Revenue for the quarter stood at ₹1,368 crore, reflecting a 6.5% increase from ₹1,285 crore in Q2 of the previous year. EBITDA declined 5.6% year-on-year to ₹155.3 crore from ₹164.5 crore, with the EBITDA margin narrowing to 11.3% from 12.9% in the corresponding period last year.

In October this year, the Indian Army signed a contract worth ₹130.58 crore with JBM Auto Ltd to procure 113 electric buses and 43 fast chargers. The agreement, signed on October 17, 2025, marks the Army’s first major induction of electric buses. This initiative supports the government’s PM E-Drive programme, which promotes clean and sustainable mobility.

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According to officials, the move will help modernise the Army’s transport fleet, cut reliance on fossil fuels, and contribute to India’s goal of reaching net-zero carbon emissions.

The procurement is classified as Buy (Indian

–IDDM) — Indigenously Designed, Developed, and Manufactured — highlighting the Army’s focus on promoting local defence production and advancing the Aatmanirbhar Bharat vision.

The electric buses will be deployed across the three services, setting an example for the use of green technology in the defence sector. With this step, the Army moves toward a cleaner, more sustainable, and self-reliant future.

Also Read: JBM Auto targets ₹6,500 crore revenue in FY26 on EV momentum, Hitachi tie-up

Shares of JBM Auto Ltd ended at ₹681.55, up by ₹4.45, or 0.66%, on the BSE.