Jubilant Agri and Consumer Products Ltd. has made a major leap forward by adding a wholly owned subsidiary, representing a strategic foray in the agro-products and chemicals space. This is part of the company's overall strategy to expand its market base and offer diversified products.
Major Highlights:
Subsidiary Information: The new company is to be incorporated in Kanpur, Uttar Pradesh, and its business will be dealing in agro-products and chemicals.
Investment Plans: The firm is going to invest Rs 10 lakh by investing in equity shares of the planned subsidiary.
Financial Performance: Jubilant Agri and Consumer Products posted a consolidated net profit of Rs 21.34 crore in Q3 FY25, marking a sharp turnaround from a net loss of Rs 20.90 crore in Q3 FY24.
Revenue Growth: Jubilant Agri's revenue from operations grew by 35.7% YoY to Rs 396.22 crore for the quarter ended December 31, 2024.
The move reflects Jubilant Agri's intent to grow and expand in the agri and chemicals business and position itself for the future.
Source: Business Standard, Moneycontrol, Economic Times.