Jamna Auto Industries Ltd. — Interim / Quarterly Report 2021

Feb 5, 2021

February 05, 2021

To, To, BSE Limited National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G- Block, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai- 400001 Maharashtra Mumbai - 400 051, Maharashtra

BSE Code: 520051 NSE Code: JAMNAAUTO

Subject— Outcome of Board Meeting held on February 05, 2021

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at their meeting held today inter-alia has:

• 1. Considered and approved the Unaudited Standalone and Consolidated Financial Results of Company for the quarter ended on December 31, 2020.
• 1. Received the limited review report from statutory auditor with respect to unaudited Standalone and Consolidated Financial Results of Company for the quarter ended on December 31, 2020.
• 1. Declared an Interim Dividend of Rs. 0.25 (Twenty Five Paisa) per equity shares of nominal value of Rs. 1 each for the financial year 2020-21 and fixed Thursday, February 18, 2021 as record date for the purpose of payment of Interim Dividend.
• 1. Pursuant to the recommendation of Nomination & Remuneration Committee, re-appointed Mr. S. P. S. Kohli (DIN: 01643796) as a Whole Time Director designated as Executive Director for further term of 3 years from February 13, 2021 to February 12, 2024 subject to approval of members of the Company.

Pursuant to Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith the un-audited financial results along with limited review report for the quarter ended December 31, 2020.

Kindly take the above information on records.

Thanking you, Yours faithfully, For Jamna Auto Industries Limited

Praveen Lakhera Company Secretary & Head-Legal

Encl: As above

Branch Office (India): Unit No.408, 4th Floor, Tower-B, Vatika Mindscapes, Sector-27D, NH2, Faridabad-121003(HR.) Corporate Office: 2 Park Lane, Kishan Garh, Vasant Kunj, New Delhi - 110070. | www.jaispring.com Regd Office: Jai Spring Road, Yamuna Nagar (Haryana) - 135 001, India | Tel: 91-1732-251810 | Fax: 91-1732-251820 YAMUNA NAGAR | MALANPUR | CHENNAI | JAMSHEDPUR | PANTNAGAR | HOSUR | PUNE | LUCKNOW

AMSA ALTO INDUSTRIES LIMITED Reg ad Office: dai Spring Read, Yamuna Nagar, Haryana -134001 m <A A

	JAMNA AUTO INDUSTRIES LIMITED
	Regd Office: Jai Spring Road, Yamuna Nagar, Haryana -135001STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31,2020
	SI.ParticularsNo.
		(Unaudited)	Quarter ended(Unaudited)	(Unaudited)	(Unaudited)	Nine month ended(Unaudited)	(Rs. in Lakhs)Year ended(Audited)
	1 Income from operationsa Revenue from operationsb Other income	31.12.202034,326.14	30.09.202018,656 83	31.12.201922,858.99	31,12,202059,507.66	31.12.201989, 145 72	31.03.20201.12,895 15
	Total revenue2 Expenses:	141.2534,467,39	472.4919,129,32	422.5323,281.52	692.7760,200,43	1,167.1990,312.91	1,614.031,14,509,18
	a Cost of raw materials and components consumedb]Purchase of traded goods	22.923.0133632	12.014.79123 30	11,937.64$\omega$	38,389 12459.62	51,533.40$\sim$	64.263.18
	c Decrease/(increase) in inventories of finished goods, work in progress and traded goodsd[Employees benefits expenses	(2,554.67)3,334.01	(1,199.52)2,426.85	2,302.932,546.29	(3.615.26)7,82411	5,403 828,848 13	6,962.1311,294.19
	e Other expensesTotal expenses	5,189.8729,228.54	3,629.2616,994.68	3,941 4620,728.32	10,411 1553,468.74	14,746.98$0,532,33	18,962.791,01,482.29
	3 Profit/(Loss) before finance costs, depreciation/amortization expense and tax (1-2)4 Finance costs:	5,238.85	2,134.64	2,563.20	6,731.69	9,780.58	13,026.89
	a Finance costsb Finance income	127 974.29	123.38	308.61	456.99	1,390.91	1,758.24
	Net finance costs (a-b)Depreciation and amortization expenses	123.68963.59	6.54116,8481855	8 18300,43	15.01441.98	29.261,361.65	32.491,725.75
$\alpha$	Profit/(Loss) before tax (3-4-5)7 Tax expenses:	4.151.58	1,199,25	910.171.342.60	2,564.803,724.91	3,220.945,197.99	4,137.027.164.12
	a Current taxb Deferred tax charge' (credit)	1,198.08(52.02)	52.89334 38	52.36282 77	1,250.97(7230)	1,251.90261 40	1,800.92
	Total tax expense (a+b)$\mathbb{S}$ Profit/(Loss) for the period (6-7)9 Other Comprehensive Income/(Loss):Other comprehensive income (loss) not to be reclassified to profit or loss in subsequent	1,146.063,005.52	387.27811.98	335.131,007,47	1,178.672,546,24	1,513.303,684,69	575.232,376,154,787,97
	periods- Re-measurement impact on defined benefit plans	$\bar{z}$	(38.23)	10.38	(38.23)	(17.44)	10.89
	- Deferred tax impact on aboveOther comprehensive income/(loss) for the period, net of tax	×	9.79(28.44)	(3.63)6.75	9.79(28.44)	5.20(12.24)	(1.84)9,05
	10 Total Comprehensive income/(loss) for the period (8-9)11 Profit/(Loss) for the period attributable (o;	3,005.52	783.54	1,014.22	2,517.80	3.672.45	4,797.02
	Equity holders of the parentNon-controlling interests12 Other Comprehensive income/(loss) for the period attributable to:Equity holders of the parent	3,005.510.01	811.98ä(28.44)	1,007.460.016.75	2,546.230.01(28, 44)	3,684.680.01(12.24)	4,787.960.019,05
	Non-controlling interests13 Total Comprehensive income/(loss) for the period attributable to (11+12) :			$\omega$ .	$\mathfrak{m}$		$\alpha$
	Equity holders of the parentNon-controlling interests14 Paid up equity share capital (Face value of Rs.1/- each)15 Other Equity (excluding Revaluation reserve as per the audited halance sheet)16 Earning/(Loss) per share (in Rs.) (face value of Rs. 1/+ each) (not annualised)	3,005.510.013,983.25$\omega$	783.54$\omega$3,983.25$\tilde{w}$	1,014.210.013,983.23$\sim$	2,517.790.013,983.25$\alpha$	3.672.440.013.983.23$\omega$	4,797.010.013,983.2547,687.40

1! The above unaudited consolidated financial results of Jamna Auto Industries Lamed ('the Holding Company') and its subsidiaries namely Jai Suspension System LLP, Jar Suspensions Lamned and Jar Auiomonve Components Limued (the Holding Company and sts subsidiaries together referred to as "the Group") have been reviewed by the Audit Conmmittee and approved by the Board of Directors of the Holding Company m their respecuve meetings held on February 05.2621 The statutory auditors of the Holding Company have conducted limited review of these unaudited consolidated financial results pursuant to regulauon 33 of SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015 The auduors have expressed an unqualified conclusian wath an emphasis of matter paragraph in the finuted review report

be These unaudited consolidated financial results have been prepared mm accordance with the Indian Accounting Standard, (Ind AS) as prescribed under Section 133 of the Compames Act, 2013 read with Rule 3 of Compames (Indian Accounung Standards) Rules, 2015 and relevant amendments thereafter The said forancial results of the Group have been prepared im aceordance with Ind AS 116 "Consolidated Financial Stutements"

In hne with the provisions of IND AS-108 - Operating Segment, the Group 1s envaged wn the business of manufacturing of Automotive suspension which includes Parabolic' Tapered leaf spring and Lift axle which includes Parabolic: Tapered leaf spnng and Lift ase which constitutes single reporting business segment no segment disclosures are requued

The Holding Company formulated an ESOP Scheme (eferred as Holding Company's Emplovee Stock Option Scheme 2917) in accordance with SEBI (Share based Employee Benefits) Regulation, 2014 which was duly approved an the AGM of the Shareholders of the Holding Company on August 1, 2017 and the Holding Company also got uvpnnciple approval from both NSE and BSE dated March 20 2018 and March 27, 2018 respectively im respect of the said Scheme Dunng the quarter. pursuant to the approval by the Compensation Committee of the Board of Directors on December 26, 2020, the Holdmg Company has granted opuons to cenain eligible employees under the said approved Scheme

The sbove financial results are available on the Company's websue awww jaispring com) and also on the website of NSE (www nseindia com) and BSE (www bseiidi com)

The spread of Coronavirus Disease tCOVID-19) bas impacted the overall economy and business acevmes of the Group from nud of the ovonth of March 2620 The Group's operations became largely operauenal from last week of May 2020. post relaxation of the nationwide lockdown The Group has considered the possible effects that may result from the pandemic relaing te COVID-19 en the carrying $, capital advances, investments, invectones and wade receivables as well as factored arious internal and external soformanon up to the date of approval of hese interun financial results On the basis of the value of its assets and also, assessed the recov erability of ts assets comprising right of use assets, capital work in progre assumpuons used in annual impairment of Property Plant and Equipment using the said evaluation and current indicators of future economie conditions, the Group ex is to tecover the camming amount of ss assets and does not anticipate any mpaimnent of these financual and non-financial ths and believes that there 15 no wmpact on is ability to continue as a gOmg concern and meeung mts habiites as and when they nsohidated financial results. and the Group wall connnue to moniter assets Further, the Group has prepared cash flow projections for next 12 mo iy foil due Hower er esnmated impact of the gia pandeme nnght vary from those estunated as at the date of approval of these any matenal changes due to future econonne candit as they evolve ~* 424%) per equity share of Re. 1 each o The Board of Durectors of the Molding Company February folding C onipany wwe will be asseys ieee Act, 142 and the P, of be noufied and re

The Cody on Social Security 20; : w receive weudental asset ployee ber Q cunt. retirement aid ovident F changes ita

Managing Director & CEG DEN : 00744518

IAMNA AUTG INDUSTRIES LIMITEDRegd Office: Jai Spring Read Yamuna Nagar, Haryana ~{34001STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS POR THE QUARTER AND NINE MONTH ENDED DECEMBER 314.2020					2s	°ant
SLParticulars	(Unaudited)	Quarter ended(Unaudited)	(Unaudited)	(Unandited)	Nine month ended(Unaudited)	iRs. in Lakhs}Year ended(Audited)
1Income fram operatians a Revenue from operationsb Other inceme	31,12.2020	30.09,202018.447 16519.92	31,12.201921,$24 46$3474	34,12,202038.645 37835 33	Si12.2019$4,826 851,406 82	31,03,2020104,882 11i
Total revenue2 Expenses:al Cost of raw matenalsand components cansum b Purchaseof waded nouds		18,967.11	22,088,10WAd7 13	SS.980,°037.290 03	86,333,379$9,371.10	1,07,867.73
Decrease'(decrease (increase) th isventories of finished goods work im progress and tradedveratal goodswork in progress andtradedreds			51980	45962a.074 12	-$44023	a-08-81
d Employees benefits expenses¢ Other expenses	3,163 05 S089 68	2515.283,569 18		7.461 3410,232.39	421T4196 67	10.748.1634
Total expenses	28,561.47	16821812,146.30	19,665.462392-74	§2.369.2661144	94,288.219048.16	98 SER4812,009.25
3 a before finance costs. depreciation amortization expense and tax (1+	5,101.62
A Finance costs:a Finance casts
b Finance incomeNet finance costs (a-b}	120.3934 $25	W73538 74	73.42	ASS 6]HiG 38	114707169 So	1.482 71208 $2
S Depreciation and antertization expenses© Profit{ Loss) before tax (3-4-5)	86.07925 oF4089.86	"E89786 03	241,07843 96	328.362449.99	977.614.000 74	1273.893.87987
Tax expenses:& Current tax		1,286.69	1.307,71	3,836.09	S.N66.81916 63	6858.494
bdd tax charge! teredit}Total tax expense fa+b)8 Prefiv( Loss) for the period (6-7)9 Other Comprehensive Incame (Loss):Other comprehensive income/(loss) not to be reclassified to profit or loss inSubsequent penods	x3072.10	318 38343.59844.10	228.57407814	1013.942820.25	ABATEL3TL383,695.43	786492,663.094,792.40
7 Re-measurement impact on defined benefit plans » Deferred tax impact on above		(38 90)		(38.90)	(913)	18 86
Other comprehensive income/(loss) for the periad, net of tax10 Total Comprehensive income '(loss) for the period (8+9)	3,072,140	979Qaady913.99	-1,079.14	979(29.11)	2.30(6.83)	{4 75)wal
il Paid up equity share capital (Face valne of Rs.1/- each)	3,983.28	3.983.25	3,983.22	2,79L143,983.28	3,688.603,983.23	4.806513,983,258
i2 Other equity (excluding Revaluation reserve as per the audited halance sheet)Earning/(Loss) pet share (in Rs ) (face value of Rs 1each) (not annualised)						48,192.10
Basic Diluted	077	0.24	027	a7	093	120
Notes: The above unaudited standalone financial results of Jamna Auto Industries Limited (tremeehngs held on February 95, 2021 The sauutory auditors of the Company have conducted limited review of these unaudited standalone financialObligation and Disclosures Requirements} Reyulations, 2015 The auditors have expressed an unqualified conclusion along wath emphacis of matter paragraph in the limited review repon	0,77Company'),have	O24been reviewed	O27by tie Audit Comnmitee	O71and approvedby theres	093Board of Directorsats pursuant to regulanon 33 of SEBI (Listing	1.20in their respecnve
2 These unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standard 44. (Ind AS) 34 "Intenm Financial Reporting" as prescribed under Section 133 of theCompames Act, 2013 read with Rule 3 of Compames (Indian Accounting Standards) Rules, 2015 and relevant amendmenm thereafter4 Pursuant to the decision madz in the meeunyg of parmers of Jai Suspension Systems Lannted Liability Parmersiup ("LLP"), conducted on February 02, 2021, in which the Company is a panner, profitseamed by the LLP for the quaner ended amounung to Rs 220.25 lakhs and Rs 252 02 lakhs for the penod ended have been credited to the respective current accounts of the partners which have been dulyaccounted in the current quarter and period

4In bine with the provisions of IND AS-108 - Operanng Segment, the Company is engaged im the business of facturing of A axle which consutute single reporting business seginanit, no sagment disclosures are required

& The Company formulated an ESOP Scheme (referred as Company's Employee Stack Qpnon Scheme, 2017) in accordance with SEBI (Share based Employee Benefits} Reewlanon, 2014, which was duly approved in the AGM of the Shareholders of the Company on August 1, 2017 and the Company also got ii-prnciple approval from both NSE and BSE dated March 20, 2018 and March 27, 201% respectively in respect of the said Scheme Dunng the quarter, Pursuant to the approval by the Compensation Commute of the Board of Directors on December 26 2020, the Company has granted options to certain ehygible employees under the said approved Scheme

© The above financial results are available on the Company's website (www Jaisprny com) and also on the websue of NSE (www ngeindia. com) and BSE (wew bseimdia com) The spread of Coronavirus Disease (COVID-19) has impacted the averall economy and business activities of the Company from nud of the month of March 2020 The Company's operanons became largely operational from last week of Muy 2020. post relaxauen of the nationvade lockdown The Company has considered the pos: etects thal may result from the pandenne relanng i COVID-19 an the carving value of it assets and also, assessed the recay erabiliy of iis assets comprising nght of use assets. eapital work in pregress, captial advances, investments, inventories and trad: ivables as well as factored assumptions used in annual smpainment of Propeny Plant and Equipment, using the various internal and extemal information up to the date of approval of theca interim financial results On the basis of the said evaluauon and current mdicatais of future economuc condiuons, the Company expects to reo eo CaMyINE amourt of and does not anveipate any impairment of these financial aad non-financial assets Further, the Company has prepared cash Now projections for nest 12 months and believes that there is no impact on ite abtity to continue as a going conver and meenng its Gabiliaes as and when they fall die However, the esnmated uapact of the global health pandemne might vary from those estimated as at the date of approval of these financial results, and the Company wall continue te monitor any material changes dug to future economic conditions as thes evolve

$, 2021 declared an imtenm diidend ef Rs 6 8 The Board of Directors at then meenng held on

rived the presidential ni on September 28, 2020. y Act, 1952 and the Payment of Gratuity Act. | pest notificanan af rele 9 The Code on Social Security 2020 ¢ Code") wh eHaneous Provins + gach of the Company | secumty, reurernent and employee be nde 1s yet ta be nonfied 4: us, including the slated rules are vet to be draned The sed and receens FOVTSION |

the Board 4 res Limited we LAA a BSS Jauhar} daring Auto

Managing Director & CEG DIN ; 00744818

2nd & 3rd Floor Golf View Corporate Tower - B Sector - 42, Sector Road Gurugram - 122 002, Haryana, India Tel : +91 124 681 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Jamna Auto Industries Limited

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Jamna Auto Industries Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended December 31, 2020 and year to date from April 01, 2020 to December 31, 2020 (the "Statement') attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

S.No.	Name of the Entity	Nature
I.	Jamna Auto Industries Limited	Holding Company
2.	Jai Suspension System LLP	Subsidiary of Jamna Auto Industries Limited
3	Jai Suspension Limited	Subsidiary of Jamna Auto Industries Limited
4	Jai Automotive Components Limited	Subsidiary of Jamna Auto Industries Limited

• 1. The Statement includes the results of the following entities:
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. Emphasis of Matter

We draw attention to Note 6 to the consolidated financial results, which describes the uncertainties and the management's assessment of the impact of COVID-19 pandemic on the Group's operations, assets, cash flows and financial results, which is highly dependent on future developments and circumstances as they evolve.

Our conclusion is not modified in respect of this matter.

1. The accompanying Statement includes the unaudited interim financial results and other unaudited financial information in respect of three subsidiaries, whose unaudited interim financial results and other financial information reflect total revenues of Rs 4,573.40 lakhs and Rs. 6,748.62 lakhs, total net profit after tax of Rs 142.08 lakhs and Rs. 31.07 lakhs and total comprehensive income of Rs. 142.08 lakhs and Rs 31.74 lakhs for the quarter ended December 31, 2020 and the period ended on that date respectively. These interim financial results have been reviewed by their respective independent auditors, whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries, is based solely on the report of other auditors and procedures performed by us as stated in Paragraph 3 above.

Our conclusion on the Statement is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results and other financial information certified by the Management.

For S.R. BATLIBOI & Co. LLP Chartered Accountants

UDIN: 21501396 AAAAA 144600 Place: Gurugram Date: February 05, 2021

2nd & 3rd Floor Golf View Corporate Tower - B Sector - 42, Sector Road Gurugram - 122 002, Haryana, India Tel : +91 124 681 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Jamna Auto Industries Limited

• We have reviewed the accompanying statement of unaudited standalone financial results of Jamna Auto Industries Limited (the "Company") for the quarter December 31, 2020 and year to date from April 01, 2020 to December 31, 2020 (the "Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations').
• This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of Matter

We draw attention to Note 7 to the standalone financial results, which describes the uncertainties and the management's assessment of the impact of COVID-19 pandemic on the Company's operations, assets, cash flows and financial results, which is highly dependent on future developments and circumstances as they evolve. Our conclusion is not modified in respect of this matter.

For S.R. BATLIBOI & Co. LLP Chartered Accountants I,Firm registration number: 301003E/E300005

Partner Membership No.: 501396 UDIN:215 01396 AAAAD MING Place: Gurugram per Amit/Gupta — Date: February 05, 2021

Jamna Auto Industries Ltd.

Jamna Auto Industries Limited Press Release Q3 FY21 Results

Highlights for the Q3FY21:

			Jamna Auto Industries LimitedPress ReleaseQ3 FY21 Results
	Highlights for the Q3FY21:
e	Net Sales : INR 343.26	Crores		(Up 84% QoQ, Up 50% YoY)
e	EBIDTAINR 52.39 Crores:				(Up 145% QoQ, Up 105% YoY)
e	PBT: INR 41.52 Crores				(Up 246% QoQ, Up 209% YoY)
e	PAT: INR 30.06 Crores				(Up 270% QoQ, Up 198% YoY)
	EBIDTA Margins up by 382 bps QoQ, Up 409 bps YoY
	PBT Margins up by 567 bps QoQ, Up 622 bps YoY
	Highlights for the 9M FY21
e	Net Sales : INR 595.08 Crores		(Down	33% YoY)
e	EBIDTAINR 67.32 Crores:		(Down	31% YoY)
e	PBT : INR 37.25 Crores		(Down	28% YoY)
e	PAT: INR 25.46 Crores		(Down	31% YoY)
e	EBIDTA Margins up by 34 bpsPBT Margins up by 43 bpsSales-Product Mix:
		Q3 FY21	9M'21	FY'20
	Conventional Springs	69%	68%	68%
	New Products	31%	32%	32%
	Total	100%	100%	100%

Highlights for the 9M FY21

		Q3 FY21	9M'21	FY'20
e	Sales-Product Mix:
	PBT Margins up by 43 bps
	EBIDTA Margins up by 34 bps
e	PAT: INR 25.46 Crores		(Down	31% YoY)
e	PBT : INR 37.25 Crores		(Down	28% YoY)
e	EBIDTAINR 67.32 Crores:		(Down	31% YoY)
e	Net Sales : INR 595.08 Crores		(Down	33% YoY)
	Highlights for the 9M FY21
	PBT Margins up by 567 bps QoQ, Up 622 bps YoY

• e PBT : INR 37.25 Crores (Down 28% YoY)
• e PAT: INR 25.46 Crores (Down 31% YoY)

e Sales-Product Mix :

Net Sales : INR 595.08 Crores		(Down	33% YoY)
EBIDTAINR 67.32 Crores:		(Down	31% YoY)
		(Down	28% YoY)
		(Down	31% YoY)
EBIDTA Margins up by 34 bps
	Q3 FY21	9M'21	FY'20
Conventional Springs	69%	68%	68%
New Products	31%	32%	32%
Total	100%	100%	100%

Jamna Auto Industries Ltd.

Mix:
	Q3 FY21	9M'21	FY'20
OEM	73%	66%	76%
New Markets	27%	34%	24%

e Sales-Market Mix:

Commentary:-

M&HCV production in Q3'21 increased by 10% YoY to 58,198 units from 53,098 in Q3'20 (source: SIAM data).

Other Communication: The Board has declared the interim dividend of Rs. 0.25 per share (40% pay-out on 9 months period) for the financial year 2020-21.

Cautionary Statements: Statements in this Press Release describing the company's objections, projections, estimates, expectations or predictions may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company's operations include demand supply conditions, raw material and other input prices, cyclical demands and pricing in the markets, change in government regulations, tax regimes, economic development/conditions in the country and other factors such as litigation and labor negotiations.

The company assumes no responsibility to publicly amend, modify or revise any forward looking statement on the basis of any subsequent development, information or events or otherwise.

About Jamna Auto Industries Ltd (BSE code: 520051) (NSE code: JAMNAAUTO)

Jamna Auto Industries is India's market leader in automotive suspension solutions. We are the second largest player in the world in multi-leaf springs. The manufacturing facilities are located at Yamuna Nagar (Haryana), Chennai (Tamil Nadu), Hosur (Tamil Nadu), Pillaipakkam (Tamil Nadu), Malanpur (Madhya Pradesh), Pune (Maharashtra) and Jamshedpur (Jharkhand) and a plant at Pant Nagar (Uttarakhand) of Jai Suspension Systems LLP, in which Jamna Auto is a major partner.

For Further Information please contact: Mr. Shakti Goyal CFO Email: sgoyal @jaisprings.com Jamna Auto Industries Limited