Jiya Eco posts robust Q3 results

Jiya Eco Products, a manufacturer and supplier of bio-fuel products, reported its third-quarter numbers for FY19. 

The company’s standalone revenue for the quarter ended on December 2018 jumped 66 per cent to Rs. 45.6 crore from the corresponding quarter of the previous year. 

The company’s EBITDA for Q3FY19 surged almost 55 per cent to Rs. 6.6 crore from the corresponding quarter of the previous year. Remarkably, the company’s profit after tax (PAT) spiked almost 80 per cent yoy to Rs. 5.7 crore. 

During Thursday’s trading session, the stock was quite volatile, especially after it announced its quarterly numbers. The stock of Jiya Eco Product opened at Rs. 45.10 apiece, went on to touch an intraday high of Rs. 49 per share post announcement of results. However, later the stock cooled down and settled for the day at Rs. 45.95 apiece. 

The company has issued bonus shares in the ratio of one share for every share held.