Shares of Jubilant Agri and Consumer Products surged over 6% in early trade on May 27 after the company reported a healthy set of Q4 results, supported by strong growth in revenue and profitability on a year-on-year basis.
As of 9:44 AM IST, the stock was trading sharply higher after touching an intraday high of Rs 1,972.00 against the previous close of Rs 1,840.40.
The company reported consolidated revenue of Rs 485 crore for the fourth quarter, up 21.8% from Rs 398 crore in the corresponding quarter last year.
EBITDA rose 19.9% year-on-year to Rs 32.6 crore compared to Rs 27.2 crore in the year-ago period. However, EBITDA margin came in largely flat at 6.7% versus 6.8% last year.
Net profit increased 24.4% to Rs 19.9 crore against Rs 16 crore reported in the same quarter a year ago.
The strong earnings performance supported investor sentiment, leading to buying interest in the counter during morning trade.
Jubilant Agri Share Price Performance
The stock opened at Rs 1,867.80 and moved between an intraday low of Rs 1,853.40 and a high of Rs 1,972.00 during the session so far.
On a broader basis, the stock has touched a 52-week low of Rs 1,460.00 and a 52-week high of Rs 3,013.40.