Jamna Auto hits record high on robust Q4 results, stock split

Shares of Jamna Auto Industries rallied 8% to Rs 259 on the NSE after the company reported an over five-fold jump in consolidated net profit at Rs 15.31 crore for the fourth quarter ended March 31, 2015 (Q4).

The auto parts and equipment maker had posted a profit of Rs 2.93 crore in the same quarter of the previous year.

Total operational income during the quarter rose 40% to Rs 342 crore as against Rs 245 crore in the corresponding quarter of last fiscal.

EBITDA or operating profit margin expanded by nearly 500 basis points to 11.4% from 6.8% during the recently concluded quarter.

Meanwhile, the board approved sub-division (stock split) of each equity share of the company having a face value of Rs 10 each into 2 equity shares of the face value of Rs 5 each.

The stock touched a record high of Rs 275 so far and has seen a combined 247,119 shares changing hands on the counter on the BSE and NSE till 0950 hours.

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