Jaysynth Orgochem Reports Q1 Results: Revenue Up, Profit Down
Jaysynth Orgochem Limited announced Q1 financial results with mixed performance. Standalone revenue increased by 15.88% to Rs 5,777.17 crore, but profit after tax declined by 27.20% to Rs 185.94 crore. Consolidated revenue grew by 17.15% to Rs 5,900.84 crore, while consolidated PAT decreased by 39.94% to Rs 171.80 crore. The company operates in Colorants & Chemicals and Inkjet Printers segments. The Board approved the appointment of secretarial auditors, the Board's Report, and the notice for the 51st AGM.
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Jaysynth Orgochem Limited , a leading player in the colorants and chemicals industry, has announced its financial results for the first quarter. The company reported a mixed performance, with revenue growth accompanied by a decline in profitability.
Standalone Performance
On a standalone basis, Jaysynth Orgochem saw its revenue from operations increase to Rs 5,777.17 crore, up from Rs 4,985.27 crore in the same quarter of the previous year, marking a growth of 15.88%. However, the company's profit after tax (PAT) decreased to Rs 185.94 crore from Rs 255.41 crore year-over-year, representing a decline of 27.20%.
Consolidated Results
The consolidated financial results painted a similar picture. Revenue from operations grew to Rs 5,900.84 crore from Rs 5,036.94 crore in the corresponding quarter last year, showing an increase of 17.15%. Despite the revenue growth, the consolidated profit after tax declined to Rs 171.80 crore from Rs 286.07 crore, a decrease of 39.94%.
Segment Performance
Jaysynth Orgochem operates in two primary segments:
- Colorants & Chemicals: This segment includes dyestuffs, digital ink, textile auxiliaries, and pigments.
- Inkjet Printers: A relatively new addition to the company's portfolio.
The Colorants & Chemicals segment remained the primary revenue driver, while the Inkjet Printers segment showed promising growth.
Financial Highlights
| Particulars (in crore) | Q1 (Standalone) | Q1 (Previous Year Standalone) | Q1 (Consolidated) | Q1 (Previous Year Consolidated) |
|---|---|---|---|---|
| Revenue from Operations | 5,777.17 | 4,985.27 | 5,900.84 | 5,036.94 |
| Profit After Tax | 185.94 | 255.41 | 171.80 | 286.07 |
| Basic EPS (in Rs) | 0.14 | 0.19 | 0.13 | 0.21 |
Corporate Developments
In addition to the financial results, Jaysynth Orgochem's Board of Directors made several key decisions in their recent meeting:
Appointment of Secretarial Auditors: The Board approved the appointment of M/s. KDA & Associates, Practicing Company Secretaries, as Secretarial Auditors for a term of five consecutive financial years. This appointment is subject to shareholder approval at the upcoming 51st Annual General Meeting.
Approval of Board's Report: The Board approved the Board's Report for the previous financial year.
AGM Notice: The Board approved the notice for the 51st Annual General Meeting of the company.
Scrutinizer Appointment: M/s. KDA & Associates were also appointed as Scrutinizers for the upcoming AGM.
These decisions reflect Jaysynth Orgochem's commitment to maintaining strong corporate governance practices and transparency in its operations.
While the company has shown robust revenue growth, the decline in profitability may be a point of concern for investors. The management may need to focus on cost optimization and improving operational efficiency to boost bottom-line performance in the coming quarters.
Historical Stock Returns for Jaysynth Orgochem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.23% | -5.27% | -2.07% | -13.48% | -1.80% | +8.12% |
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