jamna auto industries ltd (JMNA) Snapshot

Jamna Auto Industries Limited has reported the exchange that the board of directors of the company at its meeting held on May 30, 2013 have (1) recommended dividend of INR 4.375 million accumulated on 12.5% optionally convertible cumulative preference share of INR 100 each issued to IFCI Ltd. Dividend is subject to the approval of the members in the Annual General Meeting. If approved by the members dividend shall be paid to IFCI Ltd. on September 26, 2013; (2) recommended final dividend of INR 2 on the equity share of INR 10 each. Dividend is subject to the approval of the members in the annual general meeting. If approved by the members dividend shall be paid/dispatched on October 15, 2013.

Jamna Auto Industries Limited announced that the Board of Directors of the company at its meeting held on May 30, 2013, approved the appointment of Mr. H. S. Gujral as Vice President & Executive Director of the company. The board of directors also accepted the resignation of Mr. S. P. S. Kohli from the board of directors of the company.

Jamna Auto Industries Limited reported audited consolidated and standalone financial results for the fourth quarter and full year ended March 31, 2013. For the quarter, on a consolidated basis, the company reported net sales/income from operations of INR 2,401.8 million, profit from ordinary activities before tax of INR 73.2 million and net profit for the period of INR 52.0 million or INR 1.28 per diluted share against net sales/income from operations of INR 3,552.3 million, profit from ordinary activities before tax of INR 137.2 million and net profit for the period of INR 112.6 million or INR 2.84 per diluted share for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 145.0 million against INR 181.9 million a year ago. For the year, on a consolidated basis, the company reported net sales/income from operations of INR 9,801.5 million, profit from ordinary activities before tax of INR 321.5 million and net profit for the period of INR 277.2 million or INR 6.86 per diluted share against net sales/income from operations of INR 11,196.5 million, profit from ordinary activities before tax of INR 547.2 million and net profit for the period of INR 421.9 million or INR 10.64 per diluted share for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 565.5 million against INR 715.6 million a year ago. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 2,051.5 million, profit from ordinary activities before tax of INR 76.1 million and net profit for the period of INR 54.7 million or INR 1.35 per diluted share against net sales/income from operations of INR 2,928.5 million, profit from ordinary activities before tax of INR 139.3 million and net profit for the period of INR 115.7 million or INR 2.98 per diluted share for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 67.7 million against INR 104.5 million a year ago. For the year, on a standalone basis, the company reported net sales/income from operations of INR 8,402.3 million, profit from ordinary activities before tax of INR 335.2 million and net profit for the period of INR 291.4 million or INR 7.21 per diluted share against net sales/income from operations of INR 9,674.3 million, profit from ordinary activities before tax of INR 541.1 million and net profit for the period of INR 428.4 million or INR 10.81 per diluted share for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 300.8 million against INR 418.1 million a year ago.