Latest News | Jai Balaji Industries Q2 Profit Jumps to Rs 201 Crore

Kolkata, Oct 16 (PTI) 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.

Also Read | UKPSC Recruitment 2023: Vacancies Notified for 1097 Junior Engineer Posts, Apply Online at psc.uk.gov.in Till November 3.

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.

Also Read | Dr APJ Abdul Kalam Birth Anniversary 2023 Date: Know All About the Day To Remember and Honour the ‘Missile Man of India’.

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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)