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376

Jayant Agro Consolidated Revenue stood at INR 600.25 Crore in Q3 FY19

Mumbai, February 5, 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 third quarter (Q3 FY19) ended December 31, 2018 and nine months (9M FY19) ended December 31, 2018.

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.”

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.   
 
 

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