Auto parts maker Jay Bharat Maruti reported 82.29 per cent growth

Jay Bharat Maruti and Indian Auto components manufacture is getting good response from the car market and has reported 82.29 per growth in this financial year. The company is enjoying a net profit of 38.30 crore in this fiscal which is better than the other auto component suppliers.

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As per the sources the Jay Bharat Maruti is getting unexpected growth year by year and previous year's profit of the company is also quiet impressive. It got a net profit of Rs 21.01 crore in previous financial year. Meanwhile, the revenue of the company increased by 32.01 percent with profit of Rs 1,060.29 as compared to Rs 803.21 crore in the financial year 2010.

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Presently Jay Bharat Maruti shares value is also strong and board of directors of the firm recommended a 40 percent dividend of Rs 2 for financial year 2011 while it is paying equity shares of Rs 5 each.

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On the other hand, the overseas auto parts provider companies are under pressure due to Japan crisis. The Japaneses auto components manufacturer companies are unable to fulfill the supply needs. It has been reported that due to shortage of auto  components in Philipines, Thailand the Indian auto components maker firms might also get buzz response by the vehicle makers. It is also expected that the demand for Jay Bharat Maruti components become high in upcoming months.

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