Quote on Jubilant Ingrevia Ltd -1QFY22 - Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below are Quote on Jubilant Ingrevia Ltd -1QFY22 - Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd
Jubilant Ingrevia Ltd (JIL) 1QFY2022 results outperformed the estimates. The top-line grew by ~55% YoY to Rs1,145cr on the back of robust growth in volume and prices. On segment wise, Speciality Chemicals revenue grew by ~18% yoy, Nutrition and Health Solutions revenue grew by ~13% yoy and Life Sciences Chemical revenue grew by ~103% yoy.On the EBITDA front, the company has reported ~Rs287cr, grew by 126% on account of strong performance of Speciality Chemical & Life Sciences chemical segment led by favorable market conditions. JIL reported EBITDA margin improvement (up by 783bp YoY to 25.1%). The reported net profit grew by ~220% YoY to Rs168cr, on account of strong sales growth and operating performance. Currently we are positive on the stock.
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