Jubilant Agri Profit Edges Up Amidst Revenue Surge

Jubilant Agri and Consumer Products Limited announced a modest 1% year-on-year increase in net profit for the third quarter, reaching ₹21.5 crore. This growth was supported by a robust 13.5% rise in revenue, which totaled ₹449.6 crore for the period. Operating earnings also showed strength, with EBITDA growing 15% to ₹38 crore, reflecting an improved operating margin of 8.4% compared to 8.3% in the prior year.

In the second quarter, the company had reported even stronger performance, with net profit surging 71.24% to ₹42.28 crore on a 26.1% revenue increase to ₹511.8 crore. During that quarter, the board approved a ₹50 crore expansion of its Performance Polymers capacity at Vadodara and cleared the demerger of its Agri Division. The company's shares closed at ₹2,132 on the NSE, up 4.03%.