JUBILANT PREMIER LEAGUE 2024
The much awaited Jubilant Premier League 2024 concluded with high-octane energy from the participating teams. The tournament unfolded nail-biting moments and witnessed many record-breaking events. The sportsmanship and the incredible performances kept the spirits of Jubilant high taking the excitement to a different level.
This year we saw presence of 12 teams fighting for the Jubilant Premier League 2024 trophy.
In the finale, Biosys Fighters retained the trophy for the fifth time defeating Finance Fighters in a fierce battle. The captain of Biosys Fighters, Dr Anuj Rathi lifted the fifth trophy in the post-match presentation ceremony that was given by Jubilant Ingrevia Limited’s MD and CEO, Mr. Deepak Jain. Krishan Bhati bagged the Player of the Match trophy while Pradnyavant Bhalerao was declared the Best Bowler of the Tournament (10 wickets). Binny Thomas from SCM Raiders took home the trophy of Best Batter and Player of the Tournament for his outstanding performance of 220 runs, 8 wickets, 1 catch and 3 dismissals. The individual trophies were handed over by Mr. Prasad Vasant Joglekar – President, Supply Chain; Mr. Vijay Kumar Srivastava – President, Operations; Mr. Gaurav Kushwaha - Chief Digital and Information Officer.
JUBILANT WOMEN'S PREMIER LEAGUE 2024
Total 4 teams battled out with each other and unfolded some incredible cricketing performances with the only aim to claim the Jubilant Women's Premier League 2024 trophy.
Dabangg Warriors and Mystic Maidens progressed to the finals while Rainbow Strikers and Jubiladies were knocked out of the tournament in the semi-finals.
In the finale, Mystic Maidens displayed phenomenal team effort to clinch the winner trophy of Jubilant Women's Premier League 2024.
Puja Rana was declared the Player of the Match. Reshma Inamdar (Mystic Maidens) was declared the Best Batter of the tournament while Ananya Choudhury (Dabangg Warriors) won the Best Bowler of the tournament trophy.
Ursilan Qadir from Dabangg Warriors was announced the Player of the Tournament for her all-round performance of 42 runs and 2 wickets.
JUBILANT VETERANS CUP 2024
The much talked about Veterans Cup 2024 was nothing less than a spectacle that witnessed the leaders from senior management giving it all to clinch the trophy.
Team Titans VS Team Giants battled it out in the exhibition match where defending champions Titans gave it all to defend the trophy in the exhibition match.
The noteworthy performances from Titans came from Anil Srivastava, Deepti Ranjan Dash, Yuvraj B which helped them putting up the target of 107 for the Giants.
Giants responded with careful and steady batting by Deepak Jain, Gaurav Kushwaha and Prasad Joglekar in spite of wickets falling in quick succession. They fought it out but fell short from reaching the target score and they could put up only 100 runs in 12 overs on the score board.
Titans’ captain Anil Srivastava bagged the Player of the Match award (36 runs from 29 balls).
We saw the sportsmanship spirits coming from both the teams that made this match more special.
JUBILANT INGREVIA LIMITED ANNOUNCED THE FINANCIAL RESULTS FOR Q3 FY24 & 9M FY24
The Board of Jubilant Ingrevia Limited announced the financial results for the quarter and Nine Months ended December 31st, 2023. The Board of Directors at its meeting held on 30th, January, 2024 has declared an interim dividend of Rs. 2.50 per share of Rs. 1 each amounting to Rs. 39.8 Crores.
Commenting on the Company’s performance, Mr. Shyam S Bhartia, Chairman and Mr. Hari S Bhartia, Co-Chairman, Jubilant Ingrevia Limited said:
“We are pleased to announce the stable business performance for Q3 amidst the continued challenging market condition. We are also glad to share that the Board has recommended an interim dividend of 250% i.e. Rs 2.50 per equity share of face value of Re 1 each for the FY’24. This shall result in cash outflow of Rs. 39.8 Crore.
The Agrochemicals sector, continued to witness sluggish volume pick up globally. Although we believe the inventory de-stocking is in its last leg, the broader challenges to the sector still prevail. Prices globally were under pressure due to excess Chinese supply, at very low prices. Consequently, the agrochemicals intermediate business was affected, both on volume and prices.
In the Pharmaceutical end-use segment, we saw steady growth on a YoY basis, resulting in the healthy placement of volumes across the value chain and a stable price environment.
In segments like Feed, Food, Cosmetics and FMCG, we successfully placed good volumes in the markets and maintained market share. However, pricing recovery was muted due to aggressive volume push by the competition.
As we draw near to closing the financial year, we are hopeful and continue to have a view that the Agrochemicals segment will witness recovery from H1 of the next financial year. We anticipate signs of pickup in volume by the end of Q4 FY2024.
As a key supplier to global agrochemical companies, we are confident of our role in managing the transition of supply chain sourcing away from China. We are witnessing continuous interest and inflow of inquiries from global agrochemical clients, where these inquiries are also graduating towards advanced stage discussions, and we are confident to meeting their long-term requirements in the times to come.
We kept costs under control through lean initiatives on the input costs front. The energy costs were also reasonably maintained by sourcing coal at optimal prices and other efficiency and mix initiatives.
Driven by robust domestic consumption, we expect the Indian market fundamentals to remain strong and fuel further growth for us.
As we have remained on track towards investments in high-potential categories through our well-defined modular capex plan of Rs. 2,000 Crore till FY 2025, we remain focused on delivering structured growth in future.”
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