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Jubilant Ingrevia Limited Announces Q1 FY2024 Results

Mumbai, July 16, 2024 – Jubilant Ingrevia Limited has announced its unaudited financial results for the first quarter ending June 30, 2024. The announcement was made following the Board of Directors meeting held today, from 12:15 p.m. to 02:55 p.m.

Key Highlights:

Unaudited Financial Results:

• Standalone Revenue: ₹97,909 lakhs, with other operating income contributing ₹1,381 lakhs.
• Consolidated Revenue: ₹102,434 lakhs, with other operating income contributing ₹1,389 lakhs.

Profit Analysis:

• Standalone Profit Before Tax: ₹4,434 lakhs.
• Consolidated Profit Before Tax: ₹6,603 lakhs.
• Net Profit (Standalone): ₹3,277 lakhs.
• Net Profit (Consolidated): ₹4,874 lakhs.

Expenses:

• Significant expenses included the cost of materials consumed and employee benefits, with depreciation and amortization contributing notably to the total expenses.
• Standalone Total Expenses: ₹93,397 lakhs.
• Consolidated Total Expenses: ₹96,796 lakhs.

Segment Analysis:

• Speciality Chemicals: Major revenue driver.
• Nutrition & Health Solutions: Consistent performance.
• Chemical Intermediates: Strong contribution to overall revenue.

Additional Financial Metrics:

• Debt Service Coverage Ratio: Improved from 7.39 to 8.35.
• Interest Service Coverage Ratio: Improved from 7.39 to 8.35.
• Current Ratio: Stable at 1.36.
• Debt to Equity Ratio: Maintained at 0.24.

Auditor's Review:

The financial results have been reviewed by Walker Chandiok & Co LLP, confirming compliance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34). Their review did not highlight any material misstatements.

Statement from the Company:

Deepanjali Gulati, Company Secretary, Jubilant Ingrevia Limited, stated, "The Board's approval of our financial results for Q1 FY2024 underscores our commitment to transparency and regulatory compliance. We have maintained robust performance across our segments, reflecting our strategic focus and operational efficiency."

Further Details:

For detailed financial results and the auditor’s review report, shareholders and interested parties can visit the investor section of Jubilant Ingrevia Limited’s website www.jubilantingrevia.com and the corporate sections of NSE and BSE websites.

Contact Information:

Jubilant Ingrevia Limited
Bhartiagram, Gajraula, Distt. Amroha-244 223 (U.P.)
CIN: L24299UP2019PLC122657
Website: www.jubilantingrevia.com
Email: investors.ingrevia@jubl.com
Tel: +91-5924-267437

Registrar and Share Transfer Agent:
Link Intime India Pvt. Ltd.
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai - 400 083
Phone: +91 22 4918 6000
Fax: +91 22 4918 6060
Email: mumbai@linkintime.co.in
Website: www.linkintime.co.in