Jiya Eco Products Ltd a leader in manufacturing and supplying quality briquettes and pellets, on Thursday announced its financial results for the second quarter ended September 30, 2019.
During the quarter, the company showed consistent performance and maintained its growth momentum. Total income was up by 2 % at Rs 54.89 cr as against Rs 53.47 cr reported in the corresponding period last year. PAT stood at Rs 5.42 cr against Rs 6.47 cr in the corresponding period in the previous year, declining by 16 % attributed to industry cyclical factors and availing of MAT credit in quarter ended September, 2018.
Commenting on the occasion, Bhavesh Kakadiya , Managing Director, Jiya Eco Products Ltd, said, “We are glad to maintain a profitable growth trajectory on a Q-o-Q basis and advancing towards our long term vision of emerging as a leader in the bio-fuels segment. Our new pellet manufacturing facility at Gandhidham, Gujarat, with a total rated capacity of 54400 MT pa will commence commercial operations soon and will help us further ramp up capacity, market share, topline and bottom line growth. Our fundamentals remain robust and outlook positive.’
