News Image
CNBCTV18

Jubilant Ingrevia begins dispatches from Bharuch plant in Gujarat under CDMO contract

Published on 21/03/2026 10:51 PM

Jubilant Ingrevia begins dispatches from Bharuch plant in Gujarat under CDMO contractShares of Jubilant Ingrevia Ltd ended at ₹584.75, up by ₹13.55, or 2.37%, on the BSE.By Jomy Jos Pullokaran  March 21, 2026, 10:51:36 PM IST (Published)2 Min ReadSpeciality chemicals major Jubilant Ingrevia Ltd on Saturday (March 21) announced that its wholly owned subsidiary, Jubilant Agro Sciences Limited, has commenced commercial production of Agro Intermediate at its Bharuch site in Gujarat.

The production is part of the company’s CDMO contract with a leading agrochemical company. Dispatch of the material from the Bharuch facility has started on March 21, 2026.

Third Quarter Results

Jubilant Ingrevia reported a 32.4% year-on-year decline in net profit for Q3 at ₹47 crore, compared with ₹69.4 crore in the same period last year. Revenue remained largely flat, rising 0.5% to ₹1,051 crore from ₹1,056.7 crore in Q3FY25. EBITDA fell 8.5% to ₹126.1 crore from ₹137.9 crore a year ago. EBITDA margin contracted to 12% from 13% in the corresponding quarter of the previous year.

Also Read: Bhartia family likely to offload stakes in three Jubilant companies via block deals

Jubilant Ingrevia said its board has declared an interim dividend of ₹2.50 per equity share of Re. 1 each on the paid-up equity share capital of the company for the financial year 2025-26. The Board has fixed Tuesday, February 10, 2026, as the record date to determine the eligibility of shareholders for the interim dividend. The interim dividend will be paid or dispatched on or before March 4, 2026.

The board also approved the re-appointment of Ameeta Chatterjee for another term of five years, starting from April 17, 2026, and ending on April 16, 2031, subject to shareholder approval. Ameeta Chatterjee, 51, holds a bachelor’s degree in commerce from Lady Shri Ram College for Women, Delhi University, and is a management graduate from the Indian Institute of Management, Bangalore.

Shares of Jubilant Ingrevia Ltd ended at ₹584.75, up by ₹13.55, or 2.37%, on the BSE.

Also Read: Three Jubilant Group companies see block deals worth nearly ₹1,900 croreContinue Reading(Edited by : Jomy Jos Pullokaran)Tagsshare market today