Jamna Auto Industries (JAI) reported mixed set of numbers in Q2FY19. While revenue growth was strong 42.4% YoY, contraction in operating margin and higher interest cost restricted net profit growth to 20.6% YoY during the quarter. The strong revenue growth was on account of 35.8% YoY increase total CV production and 100bps market share gains. However, operating margins contracted 66bps mainly due to higher raw material cost.