JBM Auto Arm Bags ₹5,500 Cr Order Under PM eBus Sewa Phase II

JBM Auto Limited, established in 1983, is the flagship enterprise of the esteemed $3.0 billion JBM Group. The company excels in manufacturing high-precision sheet metal components, tools, dies, moulds, and state-of-the-art buses, including cutting-edge electric vehicles (EVs). 

Secured ₹5,500-Crore Contract

A significant milestone has been achieved by its subsidiary, JBM Ecolife Mobility, which has secured a monumental ₹5,500-crore contract under the PM eBus Sewa Scheme-II.

In a regulatory filing, the company disclosed that JBM Ecolife Mobility had triumphed in a competitive tender to function as a bus operator for the procurement, supply, operation, and maintenance of 1,021 electric buses. The ambitious project further encompasses the development of essential electric and civil infrastructure under the Gross Cost Contracting (GCC) model.

This landmark contract further fortifies JBM Auto’s stature in India’s burgeoning electric mobility landscape, aligning seamlessly with the government’s ambitious agenda for sustainable public transport.

JBM Auto Q3 FY25 Results

JBM Auto Limited has unveiled its consolidated financial results for Q3 FY25, reporting a net profit of ₹52 crore—an 8% increase from ₹49 crore in the corresponding period last year. Total sales, inclusive of other operating income, advanced by 4% to ₹1,396 crore, compared to ₹1,346 crore in the prior year’s equivalent quarter. Additionally, the Board of Directors has sanctioned a sub-division of existing equity shares from a face value of ₹2 each to ₹1 each—a strategic move that has garnered shareholder approval.

Share Price Performance 

At 1:26 PM On February 20, 2025, JBM Auto Ltd shares trading at ₹619.40 per share a 4.35% down on the NSE.

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