“We always look for primary infusion in the company. So, it is not a stake sale, which we do,” he said.
The company’s total debt stands at ₹2,500-3,000 crore, including long-term, short-term, and working capital. The funds raised through the equity dilution will be used to reduce debt and support business growth.
JBM Auto has no immediate acquisition plans, but Arya highlighted a strong order book of around 11,000 buses, with deliveries scheduled until 2026-27 (FY27).
Also Read: JBM Auto unveils four new products at Bharat Mobility Show, highlights strong order book
He also mentioned that the company has multiple tenders in the pipeline, especially following the PM eBus initiative. Several states are pushing for city transportation upgrades with state-of-the-art electric buses, with 11 cities already allocated under this scheme.
“Multiple states are coming out with their projects where they would be looking at deploying buses for inter-city and city transportation,” Arya added.
JBM Auto’s market capitalisation is around ₹14,150.63 crore. However, its shares have seen a 49% decline over the past year.
Also Read: JBM Auto Q3 Results | Net profit rises 8% to ₹52 crore, sales up 4% to ₹1,396 crore
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(Edited by : Shweta Mungre)
