Net profit of JIL rises

Jagatjit Industries Limited announces a 22% revenue increase in FY 2023-24, achieving Rs 708.16 crore and a 13% rise in net profit. Aiming for growth in key Indian regions, the company focuses on premium products and debt reduction, enhancing operations with a new ethanol plant

By Spiritz Desk 22 May 2024 in Latest News

New Update

Jagatjit Industries Limited (JIL) has announced its FY 2023-24 annual results. The company reported a 22 percent increase in revenue from operations which reached Rs 708.16 crore for the FY2023-24 fiscal as compared to Rs 582.02 crore in the previous fiscal. The company’s net profit increased by 13 percent to reach Rs 9.71 crore for FY 2023-24 as compared to Rs 8.61 crores in the previous fiscal.

Jagatjit’ core focus is to revive their presence across diverse regions like Assam, Kerala, West Bengal, and Uttar Pradesh that will prove to be a milestone and contribute to expanding the company’s growth boundaries.

Looking ahead to FY 2024-25, Jagatjit Industries will continue the premiumisation push, building on the success of its recent premium launches like Royal Pride Whiskey. The company is aiming to secure funds this year to eliminate its loans and its newly constructed ethanol plant will significantly boost the company’s cash flows.