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The order includes supplying approximately 5,000 electric buses to various STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others and multiple Fortune 500 companies. Different applications such as city bus, staff bus, tarmac coach, etc. in both, 9 meters and 12 meters categories will be delivered for these orders.
The company stated that with a healthy order book in place, company is well poised to further consolidate its position as an end to end electric-mobility solution provider with indigenously developed vehicle technology, battery technology and charging solutions. The company is ready to serve the emerging market requirements in the electric-mobility domain, thereby, gaining new market access and expanding our market share.
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.
JBM Auto's consolidated net profit slumped 67.22% to Rs 28.07 crore on 5.8% decline in revenue from operations to Rs 1,010.06 crore in Q4 FY23 over Q4 FY22.
The scrip hit 52 week high at Rs 1,548.35 in intraday today.
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