Auto component maker JBM Auto’s shares have come under selling pressure on February 20, dropping 3.50 percent in early trade, a day after the mega Rs 5,500 crore eBus deal win by its subsidiary that had sent the stock price soaring.

The massive order was rolled out to JBM Auto’s subsidiary JBM Ecolife Mobility - under the PM eBus Sewa Scheme-II – for deployment of e-buses in 19 cities across Gujarat, Maharashtra and Haryana.

The e-bus order has an execution timeline of 12-18 months, raising the orderbook to +11,000 electric vehicles, marking a significant step towards the goal of Net Zero emission by 2040.

For the quarter-ended December 2024, JBM Auto had reported a net profit rise of 8.3 percent year-on-year (YoY) at Rs 52 crore. The revenue from operations rose by 3.7 percent to reach Rs 1,396 crore. On the operational front, EBITDA saw an 11 percent rise, rising to Rs 175 crore in the third quarter of this fiscal, while the EBITDA margin stood at 12.5 percent for the reporting quarter, slightly higher than the 12 percent reported during the same period in the prior fiscal.

EBITDA stands for earnings before interest, tax, depreciation, and amortisation.

Earlier this year, at the Bharat Mobility Global Expo 2025, JBM Auto had launched ‘Galaxy’, a seater-cum-sleeper electric luxury coach, along with new variants of electric buses. The company's strong order book in OEM and Tool Room Division is expected to be a major contributor to its growth this year.