Jay Bharat Maruti has reported results for second quarter ended September 30, 2012.
The company has posted a fall of 63.16% in its net profit at Rs 0.56 crore for the quarter ended September 30, 2012 as compared to Rs 1.52 crore for the same quarter in the previous year. However, total income has increased by 0.78% at Rs 243.04 crore for quarter under review as compared to Rs 241.15 crore for the quarter ended September 30, 2011.
Jay Bharat Maruti (JBML), a public limited company, was incorporated in 1987 as a joint venture with Maruti Suzuki India (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the country, JBM had to continually expand its manufacturing capacity and capability.
