JBM Auto shares surged over 4% in early trading on Tuesday following the company's strong quarterly results and dividend announcement. According to reports from The Hindu BusinessLine, the stock climbed to a high of ₹711.20 on the NSE from the previous close of ₹681.65 before trading at ₹686.20 around 10:23 am. The positive market response reflects investor confidence in the company's financial performance and shareholder returns.
The company delivered robust financial performance in the March quarter, with consolidated profit after tax rising 16.3% year-on-year to ₹82.82 crore for Q4FY26, compared with ₹72.03 crore in the corresponding quarter last year. As reported by The Hindu BusinessLine, revenue from operations increased 12.5% year-on-year to ₹1,852.27 crore from ₹1,645.70 crore. For the full financial year FY26, the company's profit after tax stood at ₹238.07 crore against ₹214.63 crore in the previous year, demonstrating consistent growth momentum.
The board of directors announced a final dividend of ₹0.85 per share for shareholders, as reported by The Hindu BusinessLine. This dividend declaration, combined with the strong quarterly performance, has contributed to the positive investor sentiment and the stock's upward movement in early trading sessions.
