Jubilant Ingrevia Q1 Net Profit Climbs 41 PC to Rs 105.82 Cr

New Delhi: Speciality chemicals major Jubilant Ingrevia Ltd on Wednesday reported a 41 per cent rise in consolidated net profit to Rs 105.82 crore in the first quarter ended June 30 on the back of robust sales.

The company had posted a consolidated net profit of Rs 75.1 crore in the corresponding quarter last fiscal, Jubilant Ingrevia said in a regulatory filing.

Its consolidated total revenue from operations in the first quarter stood at Rs 1,300.27 crore against Rs 1,037.87 crore in the year-ago period, it added.

Total expenses in the quarter under review were higher at Rs 1,169.6 crore compared to Rs 949.34 crore a year ago, the company said.

In the first quarter, the speciality chemicals segment clocked revenue of Rs 637 crore against Rs 536.97 crore in the year-ago period, while the chemical intermediates vertical posted revenue of Rs 525.17 crore, up from Rs 381.57 crore in the same period a year ago, it added.

Nutrition & health solutions segment registered revenue of Rs 243.82 crore compared to Rs 178.87 crore in the corresponding quarter last fiscal, the company said.

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