See 30% growth, FY17 sales of Rs 100 cr for tooling biz: JBM Grp

JBM Group expects to grow tooling business by a minimum 30 percent every year and tooling revenue to touch Rs 100 crore in FY17.

Speaking to CNBC-TV18, Nishant Arya, Executive Director of JBM Group says the company expects revenue to cross Rs 550-crore-mark from Q1 FY18 on.

It has signed a joint venture (JV) with Europe’s largest electric bus manufacturer and the buses will be rolled out by the end of Q1 FY18.

The company reported strong earnings for Q3 FY17 with revenue increasing 38 percent at Rs 440 crore versus Rs 317.5 crore in corresponding quarter last fiscal. Profit was up at Rs 15.3 crore from Rs 7.8 crore in year ago period.Watch video for more ...