Jayant Agro tanks 9 per cent post poor Q4FY18 numbers

Jayant Agro Organics reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 666.91 crore, registering 55.5 per cent yoy increase. This was primarily driven by jump in revenue from castor oil segment by 86.6 per cent yoy.

EBITDA for the quarter remained flat at Rs. 35.4 crore with a corresponding margin contraction of 295 bps. EBITDA margin for the quarter stood at 5.3 per cent.

The PAT for the quarter came in at Rs. 12.77 crore, yoy decline of 23.5 per cent. This was due to sharp jump in interest expenses by 72.8 per cent yoy.

Looking at the full year numbers, we see that revenue jumped by 53 per cent to reach Rs. 2557.11 crore while EBITDA rose by 17 per cent to 150.9 crore. The company reported net profit of Rs. 57.08 crore, down 2 per cent yoy.

The board has recommended a dividend of Rs. 1.35 per share on equity shares of Rs. 5 each.

On Monday, the stock opened at Rs. 320.20 and touched an intra-day high and low of Rs. 323.90 and Rs. 298.10, respectively, on the BSE.