Jagatjit Industries Ltd — Updates, 29-05-2025: Company Update

Jagatjit Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year. Acuite Ratings downgraded the company’s long-term bank loan rating to ACUITE B+ with a stable outlook due to a decline in income to Rs. 491.50 Cr from Rs. 556.93 Cr, delays in ethanol plant operations, and postponed sale of Gurugram property. Operating margins turned negative, and cash flows are strained due to higher fixed expenses and raw material price fluctuations. Total debt rose to Rs. 401 Cr while net worth fell to Rs. 53 Cr, increasing leverage and stressing liquidity. Timely commercialization of the ethanol plant and property sale remain critical for improving performance and cash flow.