Jubilant Ingrevia Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 04:39 am EDT
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Jubilant Ingrevia Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 11,294.8 million compared to INR 12,758.7 million a year ago. Revenue was INR 11,539.8 million compared to INR 13,049.4 million a year ago. Net income was INR 523.1 million compared to INR 685.9 million a year ago. Basic earnings per share from continuing operations was INR 3.29 compared to INR 4.31 a year ago. Diluted earnings per share from continuing operations was INR 3.29 compared to INR 4.3 a year ago.
For the full year, sales was INR 47,404.8 million compared to INR 49,144.3 million a year ago. Revenue was INR 48,060.6 million compared to INR 49,808.5 million a year ago. Net income was INR 3,075 million compared to INR 4,767.1 million a year ago. Basic earnings per share from continuing operations was INR 19.34 compared to INR 29.98 a year ago. Diluted earnings per share from continuing operations was INR 19.33 compared to INR 29.97 a year ago.
Jubilant Ingrevia Limited is an India-based integrated provider of life sciences products and solutions. The Company's segments include Speciality Chemicals, Nutrition and Health Solutions, and Chemical Intermediates. The Speciality Chemicals segment includes pyridine and picolines, fine chemicals, agro chemicals, and custom development and manufacturing organization. The Nutrition and Health Solutions segment includes nutrition and health ingredients, and animal and human nutrition health solutions. The Chemical Intermediates segment includes acetyls and speciality ethanol. Its agro chemicals business is focused on agro intermediates and agro actives, including insecticides, herbicides and fungicides. Its range of products includes nutritional ingredients, such as vitamin B3, vitamin B4, picolinates and premix formulations for both animal and human nutrition. The Company serves various industries, such as pharmaceutical, nutrition, agrochemical, consumer and industrial customers.