Jai Balaji Industries Q2 profit jumps to Rs 201 crore

Kolkata: Jai Balaji Industries Ltd, on Monday reported a steep jump in profit to Rs 201 crore for the September quarter.  It had reported a profit of Rs 21 crore in the year-ago period.

The company attributed the increase to improved sales and a substantial increase in realisations.

The revenue from operations for the second quarter of the current fiscal stood at Rs 1,546 crore, indicating a growth of nearly 13 per cent compared to Rs 1,369 crore during the same period last year, the company said in a statement.

Jai Balaji Chairman and Managing Director Aditya Jajodia attributed the increase in profits to better operational efficiency and increased sales, highlighting the company's continued commitment to deliver value to its stakeholders and investors.

The equity capital of Jai Balaji Industries increased to Rs 160.45 crore during the quarter, the company said.