JBM Auto on Tuesday slumped over 13 per cent to Rs 206, after the company reported an over 15 per cent fall in net profit for the January-March quarter.
At 11:09 am, the JBM Auto stock was trading 11.35 per cent down at Rs 210.20, underperforming the broader Nifty and the Sensex which were down around 0.20 per cent. The BSE Auto index was down 0.02 per cent down at the time.
JBM Auto is an auto parts manufacturer based out of Faridabad.
JBM Auto's net profit for the reporting quarter stood at Rs 17.58 crore, compared to Rs 20.74 crore in the year-ago period.
Net sales of the auto-ancillary company declined to Rs 375 crore during the period compared to Rs 377 crore during the same period last year.