Jubilant Ingrevia posts FY26 net profit of ₹277.91 crore
Jubilant Ingrevia Limited reported a consolidated net profit of ₹277.91 crore for FY26, up from ₹251.17 crore in FY25, with revenue rising to ₹4388 crore. The Board approved a final dividend of ₹2.5 per share, taking the total dividend for the year to ₹5 per share, and approved the audited financial results on May 26, 2026. The company targets 3X revenue and 4X EBITDA by FY30, supported by a robust CDMO pipeline and projected capex of INR 400-500 crore for FY27.

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Jubilant Ingrevia Limited reported a consolidated net profit of ₹277.91 crore for the financial year ended March 31, 2026, an increase from ₹251.17 crore in the previous year. Revenue from operations for FY26 stood at ₹4388 crore, compared to ₹4177.61 crore in FY25. The Board of Directors, at its meeting held on May 26, 2026, approved the audited financial results and recommended a final dividend of ₹2.5 per equity share, amounting to ₹39.82 crore, subject to shareholder approval. This takes the total dividend for FY26 to ₹5 per share. The company has outlined a long-term growth strategy targeting 3X revenue and 4X EBITDA by FY30.
Financial Performance for FY26
The audited financial results for the year ended March 31, 2026, reflect growth in both top-line and bottom-line figures. The following table summarises the key financial metrics for the consolidated financial results:
| Metric: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations: | 438807 | 417761 |
| Total income: | 442860 | 421543 |
| Total expenses: | 404563 | 387180 |
| Net profit for the year: | 27791 | 25117 |
| Earnings per share (Basic): | 17.59 | 15.89 |
Quarterly and Operational Highlights
For the quarter ended March 31, 2026 (Q4FY26), the company reported a consolidated net profit of ₹86.44 crore, up from ₹74.05 crore in the same quarter of the previous year. Revenue for Q4FY26 was ₹117.87 crore, compared to ₹105.13 crore in Q4FY25. EBITDA for the quarter stood at ₹16.30 crore, with a margin of 13.8%. The company's operating margin for the year was 8.92%, while the net profit margin was 6.28%.
Strategic Developments and Dividend
During the year, the company acquired a 100% stake in Remidex Pharma Private Limited for ₹16.28 crore to expand its presence in human nutrition and pharmaceutical manufacturing. The Board approved the audited financial results, which received an unmodified opinion from the statutory auditors, Walker Chandiok & Co LLP. The total dividend for FY26, including the interim dividend already paid, amounts to ₹5 per equity share.
Debt Position
As of March 31, 2026, the company's total gross debt stood at ₹777 crore, comprising long-term borrowings of ₹446 crore and short-term borrowings of ₹332 crore. Cash and equivalents were reported at ₹190 crore, resulting in a total net debt of ₹587 crore, representing a year-on-year decrease of 11%.
CDMO Pipeline and Growth Outlook
Jubilant Ingrevia has outlined a robust CDMO (Contract Development and Manufacturing Organisation) growth strategy, with strong volume growth recorded across various businesses, including new molecules. The company has identified over 100 opportunities worth INR 3,500 crore, with more than 20 confirmed molecules and 10+ molecules in advanced stages carrying a peak potential of INR 1,100 crore. The following table captures the key highlights of the CDMO pipeline and strategic targets:
| Parameter: | Details |
|---|---|
| Total CDMO Opportunities: | Over 100, worth INR 3,500 crore |
| Confirmed Molecules: | More than 20 |
| Molecules in Advanced Stages: | 10+, with peak potential of INR 1,100 crore |
| CDMO Revenue Ramp-up (Year 1): | 20%-25% of peak revenue |
| CDMO Revenue Ramp-up (Year 2): | 50%-60% of peak revenue |
| CDMO Revenue Ramp-up (Year 3): | More than 80% of peak revenue |
| Projected Capex (FY27): | INR 400 to INR 500 crore |
| EBITDA Growth Target (Annual): | At least 20% |
| Long-term Revenue Target: | 3X by FY30 |
| Long-term EBITDA Target: | 4X by FY30 |
New CDMO opportunities are forecasted to add 20%-25% of peak revenue in the first year, 50%-60% in the second year, and more than 80% by the third year. The company expects revenue and EBITDA to increase sequentially in Q1 FY27 and the following quarters, driven by growth in Specialty Chemicals, Nutrition, and Acetyls for the full FY27. Jubilant Ingrevia aims for at least 20% yearly EBITDA growth and projects capital expenditure of INR 400 to INR 500 crore for FY27, in line with its previous growth plans. The company's long-term ambition targets annual revenue growth of 20% to 25% with steady pricing.
Historical Stock Returns for Jubilant Ingrevia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.38% | -6.32% | -7.87% | -6.66% | -0.42% | +40.41% |
How will the projected capital expenditure of ₹400-500 crore for FY27 impact the company's net debt position?
What specific risks could hinder the conversion of the identified CDMO pipeline opportunities into actual revenue?
Will the recent acquisition of Remidex Pharma contribute significantly to the FY30 targets for revenue and EBITDA?


































