Jamna Auto Industries Limited — Important, 14-11-2024: General Updates

**Financial Highlights:** For H1 FY24-25, Jamna Auto Industries posted net sales of ₹1,069 Cr, reflecting a 10% decline year-over-year. EBITDA decreased by 7% to ₹143 Cr, with a margin of 13.4%. Profit Before Tax (PBT) fell by 9% to ₹120 Cr, while Profit After Tax (PAT) decreased 10% to ₹86 Cr. In Q2 FY24-25, net sales were ₹513 Cr, down 16% from the previous year, with EBITDA and PAT down by 17% and 21%, respectively.

**Strategic Initiatives and Growth Drivers:** Jamna is targeting 50% of revenue from new products and new markets by FY26-27, indicating a strategic pivot towards diversification.

**Business Developments:** The company maintains a robust manufacturing infrastructure with 10 units and aims to capitalize on existing spare capacity to meet market demand.

**Market Position and Competitive Advantage:** Jamna's wide distribution network and significant OEM partnerships provide a strategic advantage, fostering resilience in a challenging market environment.

**Investor Implications:** The current decline in financial metrics signals potential challenges, but strategic initiatives suggest a positive outlook for future growth. Investors should monitor upcoming quarters closely for improvements in revenue and operational efficiency.