|For the Quarter ended March 31, 2019 (Q4 FY19):|
|Standalone PAT stood at INR13.32 cr; y-o-y growth of 50%Total Revenue stood at INR 218.98cr, up by 8% y-o-y EBITDA of INR 27.29cr; y-o-y growth of 33%|
|For the Year ended March 31, 2019 (FY19):|
|Standalone PAT stood at INR 47.50cr; y-o-y growth of 12%Total Revenue stood at INR 798.36cr, up by 2.2% y-o-y EBITDA of INR 95.03cr; y-o-y growth of 1.4%|
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
|In INR cr|
|Particulars||Quarter Ended||Year Ended|
|Q4 FY19||Q4 FY18||FY19||FY18|
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.Visit us at www.jayantagro.com
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.