JBM Auto is not having too much of a good run on the bourses today. The market is disappointed with the company’s Q4FY15 performance wherein its consolidated net profit showed a fall of 15% at Rs.17 crore on a flat, 0.54% drop in net sales at Rs.375 crore. Apart from the fall in topline, a 1.5% rise in costs, a 75% drop in other income, all together pulled down the bottomline. Tax outgo dropping 88% from Rs.11 crore to Rs.1.2 crore is probably what helped the most. Its component’s division contributes 98% to the earnings and it showed a flat performance while the other two were a drain. Its tool room division showed a sharp 94% drop in EBIT while the Bus division posted a loss.

The market has taken to this fall in net profit too well and the stock is down 11% at Rs.211.60, with an intra day low at Rs.206.