Jay Bharat Maruti at lifetime high

Jay Bharat Maruti is engaged in the manufacture of automobile components and it has hit a life time high today at Rs.523, up 20%. Volumes have surged almost 18%.

The company posted very exuberant numbers for Q4FY17. Income showed a robust growth of 42% (YoY) at Rs.550 crore and this was good enough to post a 61% jump up in net profit at Rs.21 crore despite costs rising 41%. Interest cost was down 17%.

The company ended FY17 with a 17% rise in income at Rs.1732 crore and net profit was at Rs.54 crore, up 35%.

Equity is at Rs.10.82 crore and EPS for the year was at Rs.24.84 (FV of Rs.5).

Promoters hold 58.56% of which Maruti holds 29.28% stake.