Quarterly Result16 Jan 2024, 12:12 am
JAI BALAJI INDUSTRIES LTD REPORTS HIGHEST EVER EBITDA OF RS. 665.46 CR FOR 9MFY24 WITH 245.15% YOY GROWTH
AI Summary
Jai Balaji Industries Ltd (JBIL) has reported impressive results for the third quarter of fiscal year 2024, with highest ever EBITDA of Rs. 665.46 Cr, representing a YoY growth of 245.15%. The company has achieved a substantial financial turnaround and is on its way to become net debt-free. Key highlights include signed agreement with Tata Capital Financial Services for Rs 559 crores to refinance debt of pre-existing ARCs.,
Key Highlights
- Revenues from operations for the Oct-Dec quarter stood at Rs. 1,538.99 crores, EBITDA was Rs. 246.80 crores with an EBITDA margin of 16.04%
- Signed agreement with Tata Capital Financial Services for Rs 559 crores to refinance debt of pre-existing ARCs
- Achieved a substantial financial turnaround and is on its way to become net debt-free