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JBM Auto Denies Involvement in Fortum's EV Charging Business Acquisition
JBM Auto Limited has officially clarified to the National Stock Exchange that it is not involved in the acquisition of Fortum's EV charging business in India. This follows media reports from December 2025 suggesting an exclusivity pact had been signed by the JBM Group. The company confirmed that neither the listed entity nor its subsidiaries or associates have executed any such agreement. This clarification aims to dispel market speculation regarding the expansion of its EV infrastructure portfolio through this specific deal.
Key Highlights
JBM Auto Ltd. denies signing any exclusivity pact to buy Fortum’s EV charging business in India.
The clarification covers the listed entity as well as all its subsidiaries and associate companies.
The response was issued following a clarification request from the National Stock Exchange regarding a Livemint report.
The company reaffirmed its commitment to SEBI Listing Obligations and Disclosure Requirements for all material information.
💼 Action for Investors
Investors should disregard the rumors regarding this specific acquisition and focus on the company's organic growth and existing EV bus order book. No immediate action is required as the news confirms the status quo.
JBM Auto Q3 FY26 Consolidated Net Profit Rises 6% YoY to ₹59.99 Crore
JBM Auto Limited reported a steady performance for the quarter ended December 31, 2025, with consolidated revenue from operations growing 15.6% YoY to ₹1,613.98 crore. Net profit for the quarter reached ₹59.99 crore, up from ₹56.45 crore in the previous year, despite an exceptional charge of ₹9.64 crore related to labor codes and operational disruptions. The OEM division, which includes electric buses, showed strong momentum with revenue reaching ₹632.38 crore. Additionally, the company restructured its holdings by divesting a subsidiary into a joint venture entity.
Key Highlights
Consolidated Revenue from operations increased 15.6% YoY to ₹1,613.98 crore from ₹1,396.15 crore.
Net Profit for the quarter grew 6.3% YoY to ₹59.99 crore, resulting in an EPS of ₹5.08.
OEM Division revenue surged to ₹632.38 crore, up from ₹528.98 crore in the corresponding quarter last year.
Recognized an exceptional item of ₹9.64 crore on account of new labor codes and operational disruptions.
Divested 100% stake in MH Ecolife Mobility Private Limited to JBM Ecolife Mobility Private Limited (a JV).
💼 Action for Investors
Investors should focus on the continued growth in the OEM segment, which reflects the company's successful execution in the electric vehicle space. The stock remains a strong candidate for those tracking the Indian EV transition, though monitoring the impact of rising finance costs is advised.
JBM Auto Q3 FY26 Consolidated Net Profit Rises 12.4% YoY to ₹55.22 Cr; Revenue Up 20%
JBM Auto Limited reported a robust performance for the quarter ended December 31, 2025, with consolidated revenue from operations growing 19.9% YoY to ₹1,613.98 Cr. Consolidated Net Profit increased by 12.4% YoY to ₹55.22 Cr, even after accounting for an exceptional charge of ₹9.64 Cr related to labor code adjustments. The OEM division, which includes the electric bus business, showed strong growth, contributing ₹632.38 Cr to the total revenue. The company also completed the internal restructuring of its subsidiary MH Ecolife Mobility into a joint venture structure.
Key Highlights
Consolidated Revenue from Operations reached ₹1,613.98 Cr, up from ₹1,346.15 Cr in Q3 FY25.
Consolidated Net Profit for the quarter stood at ₹55.22 Cr compared to ₹49.11 Cr in the year-ago period.
OEM Division revenue grew to ₹632.38 Cr, reflecting strong demand in the electric vehicle segment.
Exceptional item of ₹9.64 Cr recognized due to new labor codes and operational disruptions.
Basic and Diluted EPS increased to ₹4.08 from ₹3.63 YoY.
💼 Action for Investors
Investors should monitor the continued growth in the OEM segment as it becomes a larger part of the revenue mix. The steady profit growth despite exceptional costs suggests operational resilience in the core automotive components and EV business.
JBM Auto Clarifies on News Regarding Acquisition of Fortum's EV Charging Business
JBM Auto Limited has responded to an exchange query regarding media reports of an exclusivity pact to acquire Fortum's EV charging business in India. The company clarified that as of December 30, 2025, no such agreement has been executed by the listed entity or its subsidiaries. Due to a corporate office closure until January 1, 2026, the company has requested additional time to provide a more detailed response. Investors should remain cautious as the company has promised a final clarification after the office reopens on January 2, 2026.
Key Highlights
Exchange sought clarification on news titled 'JBM Group signs exclusivity pact to buy Fortum’s EV charging business'
Company states no agreement has been executed by JBM Auto Ltd or its subsidiaries as of Dec 30, 2025
Corporate office is closed for holidays from December 29, 2025, to January 1, 2026
A detailed clarification is expected to be filed after the office reopens on January 2, 2026
💼 Action for Investors
Investors should wait for the detailed clarification on January 2, 2026, to understand if the acquisition involves the listed entity or other group companies. Avoid reacting to speculative media reports until the company provides a definitive statement.