Jubilant Agri & Consumer Products Limited has informed stock exchanges about receiving a GST order demanding recovery of ₹1.95 crore in alleged excess refund, along with penalties totaling ₹19.48 lakh for the period March 2022 to October 2022.

GST Order Details

The Assistant Commissioner, GST, Chittorgarh, Rajasthan issued Order in Original No. 24/2025-GST-AC(D) dated December 15, 2025, which was received by the company at 2:57 PM on the same day. The order pertains to GST refund of Inverted Structure Duty for the specified period.

Background of the Dispute

The demand confirmed in the order relates to recovery of alleged excess GST refund amounting to ₹1.95 crore. According to the company's disclosure, GST authorities had previously sanctioned the refund in favor of Jubilant Agri & Consumer Products. When GST authorities filed an appeal against this refund, it was also decided in the company's favor.

Subsequently, the GST authorities reviewed the appellate order and simultaneously issued a protective show cause notice before passing the current order demanding recovery of the refund amount.

Company's Response Strategy

Jubilant Agri & Consumer Products believes the order is incorrect and has strong grounds to contest it on merits. The company plans to file a detailed appeal before the GST Appellate Authority, challenging the order on substantive grounds.

Financial Impact Assessment

The company has stated that it expects no financial or operational impact from this GST order. This assessment is based on their confidence in successfully contesting the order through the appellate process, given their previous favorable outcomes in related proceedings.

The regulatory disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this development.

Jubilant Agri & Consumer Products , a key player in the Indian agricultural and consumer goods sector, has reported a strong financial performance for the second quarter. The company's results showcase significant growth across key financial metrics, indicating robust business momentum.

Financial Highlights

The company's Q2 performance is marked by substantial improvements in revenue, profitability, and operational efficiency. Here's a breakdown of the key financial metrics:

Performance Analysis

Jubilant Agri & Consumer Products has demonstrated a remarkable improvement in its financial performance:

1. Net Profit Growth: The company's net profit surged by 84.2% year-over-year, reaching ₹468.70 million. This substantial increase in profitability underscores the company's effective cost management and operational efficiency.

2. Revenue Expansion: The company reported a 28.1% year-over-year increase in revenue, which grew to ₹5,150.00 million. This growth in top-line performance indicates strong demand for the company's products and successful market penetration strategies.

3. EBITDA Enhancement: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant rise of 61.6%, reaching ₹685.00 million. This improvement in operational profitability reflects the company's ability to manage costs effectively while driving revenue growth.

4. Margin Improvement: The EBITDA margin expanded by 275 basis points, from 10.55% in the previous year to 13.30% in the current quarter. This margin expansion indicates improved operational efficiency and potentially better pricing power in the market.

The robust Q2 results demonstrate Jubilant Agri & Consumer Products' resilience and adaptability in a dynamic market environment. The company's ability to significantly improve profitability while driving revenue growth suggests effective execution of its business strategies and potentially favorable market conditions in the agricultural and consumer goods sectors.