Mumbai, May 14, 2019:
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 fourth quarter (Q4 FY19) ended March 31, 2019 and year (FY19) ended March 31, 2019.
The company delivereda strong standalone PAT of INR 13.32 Crore for Q4FY19, up by 50% YoY. The quarterly PAT posted is highest in FY19 on the back of a robust operating performance. The company reported standalone revenue of INR 218.98 Crore for the quarter, up by 8% YoY. The EBITDA for the quarter was INR 27.29 Crore, up by 33% YoY.
For full 2018-19 fiscal, Jayant Agro posted an all-time high annual PAT of INR 47.50 Crore, rising by 12% from the previous fiscal. The company reported standalone revenue of INR 798.36 Crore for the year, up by 2.2% y-o-y.
Commenting on the results, Abhay Udeshi – Chairman and Whole-time Director at Jayant Agro Group, said,“Despite a challenging market condition last year, we have maintained a consistent growth momentum thereby retaining our leadership position. Having said that, the outlook for the company remains positive for the next year as well. We are optimistic about specialtychemicaldemand growth in international markets.”
Highlights of Q4FY19 and FY19: Standalone
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