JB Chemicals on a buzz

JB Chemicals posted a very good set of earnings for Q1FY25 and the market has cheered it too.

The company recorded a 12% (YoY) rise in revenue at Rs.1004 crore and on this, it reported a net profit of Rs.`177 crore, up 25%. EBITDA for the quarter came in at Rs.292 crore, a rise of 20%.

This is for the first time that the company’s quarterly sales crossed Rs.1000 crore mark and it has been driven by a very strong domestic performance, with each of the big brand

franchises witnessing market-beating growth. The company expects the international business

including CDMO business to pick-up in the second half of the financial year.

The company said that the good start in the first quarter augurs well for the balance fiscal year and it is confident about meeting its operating and strategic goals for the year.

The stock opened almost 3% higher today at its intraday high at Rs.1988  and is currently trading at Rs,.1949 levels. Its 52-week high is at Rs.2008.65.