JBM Auto shares rally over 7% in weak market ahead of Q4 earnings; details for shareholders

Besides, shares were in demand following Prime Minister Narendra Modi's appeal to increase the use of public transportation and reduce fuel consumption amid rising crude oil prices and geopolitical tensions in West Asia.

According to market watchers, investors are viewing the appeal as a positive signal for companies linked to public mobility and electric transportation. JBM Auto, through its electric bus business, is a key beneficiary of India’s growing focus on sustainable and mass transit solutions.

The company has been expanding its presence in the electric bus segment and is seen as well-positioned to benefit if policy support and adoption of public transport accelerate further.

Recent updates

In April 2026, JBM Auto said its 1,282 e-buses were registered across five states with a 24% market share in FY26.

The electric buses were registered in Telangana, Delhi, Maharashtra, Gujarat, and Assam, expanding its footprint in both city public transport and private transport sectors, such as luxury coaches and tarmac buses.

The company's indigenously developed, self-reliant e-mobility platform caters to both governments and corporates as well as fleet operators pan-India.

With a robust order book exceeding 10,000 electric buses, JBM Auto said it is well-positioned to lead India's transition toward 60% EV penetration in the bus segment by 2030.

"FY26 has been a transformative year for us. Our emergence as the market leader in FY26 underscores JBM EV's technological edge and operational excellence," said Nishant Arya, Vice Chairman and MD, JBM Auto Ltd, and Chairman, JBM Electric Vehicles (P) Ltd.

JBM Auto has a dedicated integrated electric bus manufacturing facility with a capacity to produce up to 20,000 buses annually, offering a complete portfolio of e-buses, including city, intercity, luxury coach, school, staff, tarmac, and special-purpose vehicles.

JBM Auto Q3 FY26 earnings

JBM Auto, according to reports, posted a 4.6% year-on-year (YoY) rise in net profit for the December quarter at ₹55 crore, compared with ₹52.6 crore in the corresponding period last year, aided by strong revenue growth.

Revenue for the quarter increased 15.6% year-on-year to ₹1,614 crore from ₹1,396.2 crore, reflecting higher activity levels across its operations.

Operating performance, however, remained under pressure. Earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 1.6% year-on-year to ₹173.4 crore from ₹176.2 crore a year earlier. As a result, the operating margin narrowed to 10.70% from 12.60% in the year-ago quarter.

About JBM Auto

Established in 1983, JBM Auto Ltd has become an important force in the automotive industry, specialising in the manufacturing and sale of sheet metal components, tools, moulds and buses.

The company has diversified into different business segments like auto components and systems, buses, electric vehicles (EVs), EV aggregates, EV charging infrastructure and renewables.

The company also offers environment management services under its subsidiary JBM Environment Management Private Limited. This vertical of the company offers waste management services and sustainability solutions in different cities across India.

JBM Auto is a part of the $2.6 billion global conglomerate JBM Group. The group is a leading multinational in the automotive and EV industry globally with operations spread across 25 locations in 10 countries.

JBM Auto, integrating its business in the value chain, now manufactures its own buses and is pioneering the EV ecosystem.