The shares of the agri products manufacturer hit 5 percent upper circuit of Rs 1111.10 apiece after the company’s net profit increased by 195 percent QoQ,and 16 percent YoY in the fourth quarter.
With a market capitalization of Rs 1,674.11 crore, the shares of Jubilant Industries Ltd were trading at Rs 1,111.10 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,058.20 apiece.
Looking into the company’s performance, Jubilant Industries Ltd revenue increased by 3 percent on a quarter-on-quarter basis from Rs. 293 crore in Q3FY24 to Rs. 300 crore in Q4FY24. Further, revenue decreased by 13 percent year on year, from Rs.343 crore in Q4FY23 to Rs. 300 crore in Q4FY24.
Jubilant Industries Ltd’s net profit increased by 195 percent on a quarter-on-quarter basis, from a loss of Rs. 23 crore in Q3FY24 to a profit of Rs. 22 crore in Q4FY24. Further, net profit increased by 16 percent year on year from Rs. 19 crore in Q4FY23 to Rs.22 crore in Q4FY24.
Jubilant Industries Ltd. has five manufacturing facilities across India, with two located in the state of Uttar Pradesh (Gajraula and Sahibabad) and one each in Rajasthan (Kapasan) and other locations.
The stock has delivered returns of 66.91 percent in the last six months and a multi-bagger return of 136.59 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.36 lakh in a year.
The company’s profitability measures show an decline in return on equity (RoE) from 38.35 percent in FY 21-22 to 30.55 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 40.67 percent to 34.45 percent. In contrast, the net profit margin (NPM) was 4.21 percent in fiscal year 22-23.
Jubilant Industries Limited operates in two segments, mamely agri products and performance polymers. The agri products are comprised of single super phosphate (SSP), and crop growth. The performance polymers comprised of consumer products, such as wood adhesives and wood finishes and specialty polymers etc
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
