Jubilant Industries Q2FY23 results out: Revenue up by 30%

The company reported Revenue from Operations of INR 426.61 crore in September 2022, up by 30.21% from INR 327.62 crore in September 2021. Meanwhile, the quarterly Net Profit slumped by 49.59% to INR 14.29 crore in September 2022 from INR 28.35 crore in September 2021.

The outbreak of Coronavirus (COVID-19) pandemic globally and in India and subsequent lockdown by the various State Governments has impacted business operations of the Company, by way of interruption in production, supply chain disruption, unavailability of personnel, closure/ lock down of production facilities etc. COVID-19 pandemic and consequent lockdown has impacted the regular business operations

Though, In line with the operating profits, the EBITDA too fell by 30.21% and stood at INR 30.31 crore while the company’s EPS has decreased to INR 9.48 in September 2022 from INR 18.86 in September 2021.