Rs 45,000 Crore Order Book: Company Bags One of Its Biggest Electric Bus Orders; Single-Day Order Exceeds Entire 12-Month Revenue!
Notably, the newly received order surpasses the total trailing twelve-month (TTM) revenue of Rs 5,313 crore.
The NSE benchmark Nifty50 index opened the session lower, however, buying interest emerged around the level of 22,800 as a result recovery was seen in the index. At one point in time during the day, the index managed to cross above the level of 23,000. But profit booking at higher levels resulted index trimming its gain and ending the session with modest loss of 0.05%.
Though NSE benchmark Nifty50 shed its gains from the day’s high, the broader market performance was the talk of the town. The Nifty Midcap and Small cap index gained by 1.56 per cent and 2.36 per cent, respectively. From this space one of the stocks which managed to gained the limelight was JBM Auto Ltd.
JBM Auto share price jumped by 14 per cent on February 19, 2025 as the company announced it has received one its biggest order of approximately of Rs 5,500 crore.
JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has secured a significant order under the PM-eBus Sewa Scheme (Tender-II). The company has been awarded a contract for the end-to-end execution of 1,021 electric buses along with the development of associated electric and civil infrastructure. The contract, awarded by Convergence Energy Services Limited (CESL), follows a Gross Cost Contracting (GCC) model, ensuring financial sustainability through a Payment Security Mechanism (PSM). The total value of this contract stands at approximately Rs 5,500 crore, reinforcing JBM Auto’s commitment to India's e-mobility revolution. These e-buses will be deployed across 19 cities in Gujarat, Maharashtra, and Haryana, aiming to enhance sustainable urban transportation.
This project is a major milestone in JBM Auto’s journey toward its Net Zero 2040 goal. The awarded order will contribute significantly to India's green transportation ecosystem by enabling over 32 billion passenger kilometers and reducing over 1 billion tons of CO2 emissions over a 12-year period. With this addition, JBM Auto’s robust order book now comprises more than 11,000 electric buses in various stages of execution. The company continues to align with the Indian government’s vision to expand e-bus deployment nationwide, further cementing its leadership position in the electric mobility segment.
As of March 31, 2024, JBM Auto's order book stood at Rs 45,000 crore. In Q3FY25, the company reported a 7.80% increase in net profit to Rs 52.42 crore, compared to Rs 48.63 crore in Q3FY24. Sales, including other operating income, stood at Rs 1,396.15 crore, up 3.71% from Rs 1,346.17 crore in Q3FY24. The company recorded a profit before tax of Rs 72.75 crore in Q3FY25, reflecting a 10.38% increase from Rs 65.91 crore in the same quarter of the previous year. EBITDA rose 20.29% to Rs 192.83 crore, compared to Rs 160.30 crore in Q3FY24.
Notably, the newly received order surpasses the total trailing twelve-month (TTM) revenue of Rs 5,313 crore.
Disclaimer: The article is for informational purposes only and not investment advice.