33 per cent jump in net profit: This micro-cap multibagger stock reports stellar Q2FY24 results!

On Monday, shares of the company surged over 10 per cent and made an intraday high of Rs 225.80. Additionally, the scrip had a spurt in volume by more than 2.5 times.

Jayant Agro-Organics Limited is an emerging global oleochemical company known for its leadership in the castor-based speciality chemicals industry. With a track record of proven research capabilities, strict adherence to stringent quality controls conforming to International Standards, and a flawless record of honouring delivery schedules, Jayant Agro-Organics Ltd has earned its status as the preferred partner of choice worldwide for sourcing castor oil and castor oil derivatives. The company's long-term approach to the industry ensures that it effectively balances customer requirements both chemically and economically. 

Jayant Agro-Organics Ltd recently announced their Q2FY24 results in which sales of the company declined by 22.3 per cent and stood at Rs 540 crore as compared to Rs 695 crore in Q2FY23. However, the operating profit of the company surged by 12.5 per centt and stood at Rs 27 crore as against Rs 24 crore in Q2FY23. Similarly, the net profit of the company jumped by 33.3 per cent and stood at Rs 16 crore as compared to Rs 12 crore in Q2FY23. Furthermore, the company has been able to grow its sales by 3 per cent (CAGR) over the past 3 years and net profit has grown by 52 per cent (CAGR) for the same period. 

The company has delivered returns of 16 per cent over the past year and stellar returns of 140 per cent over the past 3 years. Moreover, the company has a ROCE of 13.2 per cent and a ROE of 10.1 per cent. 

On Monday, shares of the company surged over 10 per cent and made an intraday high of Rs 225.80. Additionally, the scrip had a spurt in volume by more than 2.5 times. 

Investors should keep a close eye on this trending stock.