Jay Bharat Maruti Q3 Result 2024: Date and Time, Share Price and Target

News: The Q3 financial results for Jay Bharat Maruti are eagerly awaited by investors and enthusiasts alike. In this article, we’ll delve into the key details, including the date and time of the announcement, share price movements, and the company’s performance targets.

Q3 Result Date and Time

The Board of Directors of Jay Bharat Maruti is all set to reveal the financial results for the third quarter of the fiscal year 2023-24. Mark your calendars for February 14, 2024, as that’s when the curtain will rise on the numbers. The announcement is scheduled to take place during the day, so keep an eye out for updates.

Share Price Insights

Investors are keenly monitoring the share price of Jay Bharat Maruti. As of the latest update on January 11, 2024, the stock was trading at ₹128.60 on the BSE (Bombay Stock Exchange) and ₹128.60 on the NSE (National Stock Exchange) . Stay tuned for any fluctuations in the coming days.

Company Performance

Q3 Highlights

• Vehicle Sales: During the third quarter, Jay Bharat Maruti sold a total of 501,207 vehicles.
• Domestic Market: Despite challenges in the small car segment, the company achieved sales of 429,422 units in the domestic market.
• Exports: A remarkable feat was the export of 71,785 cars, the highest-ever in any quarter.
• Net Sales: The company recorded net sales of ₹318,600 million, a significant increase compared to the same period last year.
• Net Profit: The net profit for Q3FY2023-24 stood at ₹31,300 million, reflecting a robust growth of 33.1% .

9M Performance

• Sales Volume: In the first nine months of FY 2023-24, Jay Bharat Maruti achieved its highest-ever sales volume, selling a total of 1,551,292 units.
• Domestic vs. Exports: Of these, 1,346,965 units were sold in the domestic market, while 204,327 units were exported.
• Net Sales: The company’s net sales for the nine-month period reached ₹982,403 million, a remarkable growth of 20.3%.
• Net Profit: The net profit during this period soared to ₹93,316 million, a whopping 72% increase compared to the previous year .

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About Jay Bharat Maruti Limited :

Jay Bharat Maruti Limited is a significant player in the automotive industry. Let’s explore more about this company:

Founding and Collaboration:

• Jay Bharat Maruti Limited was founded in 1983 through a collaboration with Maruti Suzuki India Limited (MSIL).
• The company specializes in manufacturing critical auto components and assemblies for passenger cars.

Product Portfolio:

• Key Components: Jay Bharat Maruti produces essential components such as:
• Exhaust Systems: These play a crucial role in managing emissions and noise.
• Fuel Fillers (Fuel Pipes): Vital for fuel transfer and storage.
• Suspension Parts: Essential for vehicle stability and ride comfort.

Manufacturing Facilities:

The company operates manufacturing plants in several locations:

• Gurgaon
• Bawal
• Manesar (all in Haryana)
• Gujarat

Financial Insights:

• As of the latest update on January 11, 2024, the Jay Bharat Maruti stock was trading at ₹128.60 on the BSE (Bombay Stock Exchange) and ₹128.60 on the NSE (National Stock Exchange) .
• The company’s financial performance has been robust, with significant growth in net sales and profits during the third quarter of FY 2023-24 .

Vision and Global Presence:

• JBM Group, of which Jay Bharat Maruti is a part, has evolved into a $2.6 billion global conglomerate.
• With a presence in over 10 countries, the group remains committed to scalability, sustainability, and the shared ethos of ‘One JBM’. 

As the financial results unfold, investors and stakeholders will closely analyze the performance metrics. Whether you’re a seasoned investor or just curious about the automotive industry, keep an eye on Jay Bharat Maruti as it continues its journey in the dynamic market.

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