You are here » Home » Companies ยป Company Overview » Jubilant Industries Ltd

Jubilant Industries Ltd.

BSE: 533320 Sector: Industrials
NSE: JUBLINDS ISIN Code: INE645L01011
BSE 00:00 | 03 Feb 400.25 7.35
(1.87%)
OPEN

395.25

HIGH

412.50

LOW

393.85

NSE 00:00 | 03 Feb 401.50 9.20
(2.35%)
OPEN

395.00

HIGH

411.90

LOW

394.95

OPEN 395.25
PREVIOUS CLOSE 392.90
VOLUME 2258
52-Week high 715.10
52-Week low 315.40
P/E
Mkt Cap.(Rs cr) 603
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 395.25
CLOSE 392.90
VOLUME 2258
52-Week high 715.10
52-Week low 315.40
P/E
Mkt Cap.(Rs cr) 603
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jubilant Industries Ltd. (JUBLINDS) - Chairman Speech

Company chairman speech

Dear Fellow Shareholders

I am pleased to inform you that we have delivered a strong financial and operationalperformance during the fiscal. This is despite facing a volatile macro environment whichwas posed by challenges like the 2nd COVID-19 wave and the rising input cost across ourproduct portfolio. I would like to express my gratitude towards our employees that poweredthrough such a challenging environment. We have reported a healthy growth across financialparameters like Revenue EBITDA and PAT during the fiscal under review. I am also pleasedto share that our manufacturing sites remained operational throughout the pandemic andinitiatives were undertaken to mitigate COVID-19 impacts. Our deeply integrated businessmodel ensured raw material supply and relentless efforts towards ensuring logisticsavailability helped uninterrupted servicing of our customers.

With immense pleasure I would like to announce that we started the fiscal on a verypositive note by delivering a strong financial performance despite facing the brunt of the2nd Covid wave. We witnessed robust demand across our product portfolio throughout thefiscal which led to healthy business additions. We reported a 88% growth in revenuesduring FY2022 which stood at Rs 11658 million when compared to Rs 6212 million duringFY2021. Our EBITDA for FY2022 stood at Rs 1007 million as against Rs 547 million showinga growth of 84%. This was on account of strong performance of all business segments andfavorable market conditions.

Net Profit after tax during FY2022 stood at Rs 546 million compared to Rs (86) millionin FY2021. We maintained a healthy balance sheet during the fiscal while reducing debtremained our key priority.

Agri Products

Agri business has recorded revenue of _ 4842 million in the FY 2022 as against _ 2501million in the previous year mainly due to recommencement of Single Super Phosphate (SSP)manufacturing facility at Kapasan Rajasthan.

We are focusing on expanding the business in new markets in Rajasthan Madhya PradeshHaryana and Bihar. We are expecting good growth of Agri business in the upcoming financialyears.

Performance Polymers:

Performance Polymer business has recorded revenue of _ 6816 million in FY 2022 asagainst _ 3711 million in FY 2021. This growth was mainly on account of increased inmarket share and increased in Raw material prices.

Outlook

The Global economic outlook is cautiously optimistic due to the headwinds of risinginflation supply chain disruptions and increased energy prices caused by geopolitics. TheIndian economy is expected to remain one of the fastest growing economies in FY 2022-23

The Company is presently focused on sustaining its operational and financialperformance in this uncertain market due to rising inflation supply disruptions withmedium term focus on ensuring sustainable growth across its various business segments. Wecontinue to stay focused on our strategy of being closer to the customer and of furtherstrengthening our leadership position in defined business segments. The Company is focusedon maintaining debt at optimal level.

Conclusion

We would like to thank all our valued stakeholders including our customers vendorslenders and shareholders for continuing their support and upholding their confidence andtrust in us. We remain deeply grateful to all our employees globally for theircontribution and commitment to our organization especially during the lockdown periods.We wish for safety of all our stakeholders and their dear ones during these circumstances.

May the coming year be successful for all of us!

Priyavrat Bhartia
Chairman

.