Consolidated profit before tax stood at Rs 36.74 crore in Q4 FY23, down 50.45% from Rs 74.15 crore recorded in the corresponding quarter previous year.

The company's revenue from Component division was at Rs 709.67 crore (up 3.87% YoY) and revenue from Tool Room division stood at Rs 82.76 crore (up 35.47% YoY) during the quarter.

However, revenue from OEM division dropped 32.43% YoY to Rs 222.31 crore in Q4 FY23.

On full year basis, the company's consolidated net profit slipped 20.36% to Rs 124.39 crore despite of 20.81% jump in revenue to Rs 3,857.38 crore in FY23 over FY22.

Meanwhile, the firm's board has recommended a final dividend of Rs 1.30 per equity share for FY23.

JBM Auto is engaged in the automotive business that manufactures and sell sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of buses.