Auto ancillary company JBM Auto on Friday reported a net profit of Rs 23.62 crore for the third quarter ended December 31.
The company's net profit in the year-ago period was Rs 14.80 crore, it said in a statement.
However, the company's sales declined by four per cent year-on-year during the quarter at Rs 392.01 crore compared with Rs 408.29 crore in the third quarter of FY2014.
“The third quarter saw passenger car sales maintain the momentum that it had gathered in the second quarter of the present financial year. There was a steady increase in the retail sales of cars and commercial vehicles which resulted in a growth in profit on a year-on-year basis," Nishant Arya, Executive Director, JBM Group said.
At 1.30 pm the share was trading at Rs 231.25 on the BSE.