Jayant Agro Q3 FY19 PAT at 14.44 cr.

• Consolidated Revenue stood at INR 600.25 Crore in Q3 FY19 as compared to INR 561.51 Crore in Q2 FY19, up by 7%

• Consolidated PBT stood at INR 22.97 Crore in Q3 FY19 as compared to INR 21.20 Crore in Q2 FY19, up by 8%

 

Jayant Agro-Organics Ltd. (BSE: 524330 | NSE: JAYAGROGN), one of the largest manufacturers of castor oil and speciality chemicals in the world, announced its financial result for the third quarter (Q3 FY19) ended December 31, 2018 and nine months (9M FY19) ended December 31, 2018.

 

Abhay Udeshi - Chairman and Whole-time Director at Jayant Agro Group

Jayant agro delivers a strong PAT of INR 14.44 Crore for Q3 FY19. The company reported consolidated revenue of INR 600.25 Crore for the quarter, up by 7% QoQ. The consolidated PBT for the quarter was Rs. 22.97 Crore, up by 8% QoQ.

 

The company continues its growth momentum in the nine-month financial performance by posting a consolidated revenue of INR 1,794 Crore and PAT of INR 44.36 Crore in 9M FY19 as compared to revenue of INR 1,885 Crore and PBT of INR 44.13 Crore in 9M FY18.

 

Commenting on the results, Abhay Udeshi - Chairman and Whole-time Director at Jayant Agro Group, said, “The company has given a stable performance this year and has retained its leadership position. The outlook for the company remains positive. We are optimistic about specialty chemical demand growth in international markets.”

 

Highlights of Q3 and Nine months of FY19

 

Particulars	Quarter Ended		Nine Month Ended		Year Ended
	Q3 FY19	Q2 FY19	9M FY19	9M FY18	FY18
Revenue	600.25	561.51	1,794.31	1,885.74	2,550.93
PBT	22.97	21.20	68.47	66.54	85.81
EBIDTA	35.92	34.94	111.11	115.49	150.90
PAT	14.44	14.31	44.36	44.13	56.84

 

About Jayant Agro-Organics

Jayant Agro Group, with a turnover of over of INR 25,000 million is the producer of the widest range of castor oil-based speciality chemicals in the world. Its R&D centre is focused on developing new products and applications based on castor oil and its derivatives to convert the molecules to products for markets and to turn ideas into solutions. The management of the Group has been pioneering the castor oil industry in India with an experience of over 60 years in processing castor seeds into various industrial and speciality grades of oil. Headquartered in Mumbai, it has 5 production units in India. The Group's vision is to provide end to end solutions across the castor-based value chain and its customers.

 

For more information, please visit us at www.jayantagro.com.

 

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

 

 

Disclaimer: This article has not been edited by Deccan Chronicle and is taken from a syndicated feed. Photos: NewsVoir.