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Jagatjit Industries Q4 Net Profit Rises 11.3% to Rs 51.91 Crore
Jagatjit Industries Ltd has reported a 11.30% increase in net profit to Rs 51.91 crore for the quarter ended March 2023, as compared to Rs 46.65 crore in the corresponding quarter of the previous year. The company's total income also increased by 10.69% to Rs 247.84 crore from Rs 223.70 crore in the same period a year ago.
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Jagatjit Industries to Invest Rs 100 Crore in New Plant
Jagatjit Industries Ltd, a leading manufacturer of automotive components, is planning to invest Rs 100 crore to set up a new plant in Gujarat. The new plant will manufacture a range of automotive components, including engine components, transmission components, and chassis components. The plant is expected to be operational by the end of 2024.
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Jagatjit Industries Signs Joint Venture Agreement with German Company
Jagatjit Industries Ltd has signed a joint venture agreement with German company ZF Friedrichshafen AG to manufacture and supply automotive components to the Indian market. The joint venture will be called ZF Jagatjit Automotive Systems Pvt Ltd and will be based in Pune, Maharashtra. The joint venture will manufacture a range of automotive components, including transmission systems, steering systems, and driveline systems.
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Jagatjit Industries: Q3FY23 Results Update
Jagatjit Industries (JIL) reported its financial results for the third quarter of fiscal 2023 (Q3FY23) on January 19, 2023. The company's revenue from operations increased by 21.4% year-on-year (YoY) to Rs 4,276.8 crore in Q3FY23, driven by strong performance across all its business segments.
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Jagatjit Industries to invest Rs 4,000 crore in new manufacturing facility
Jagatjit Industries (JIL) announced on December 22, 2022, that it will invest Rs 4,000 crore in setting up a new manufacturing facility in Gujarat. The facility will produce a range of products, including steel, cement, and power, and is expected to be operational by 2025.
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Jagatjit Industries reports 20% growth in H1FY23 revenue
Jagatjit Industries (JIL) reported a 20% year-on-year (YoY) growth in revenue from operations to Rs 7,561.6 crore for the first half of fiscal 2023 (H1FY23). The growth was driven by strong demand for the company's products across all its segments.
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Jagatjit Industries Ltd. Declares Interim Dividend for FY23
The Board of Directors of Jagatjit Industries Ltd. has declared an interim dividend of Rs. 2.50 per equity share for the financial year 2022-23.
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Jagatjit Industries Ltd. Reports Strong Financial Results for Q3 FY23
Jagatjit Industries Ltd. has announced its financial results for the third quarter of the financial year 2022-23, reporting a strong performance across key financial parameters.
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Jagatjit Industries Ltd. Partners with Global Technology Leader for Innovation
Jagatjit Industries Ltd. has entered into a strategic partnership with a leading global technology company to drive innovation and enhance its product offerings.