J.G.Chemicals

JG Chemicals delivered its highest-ever quarterly revenue of ₹249 croreCurrent reported value: ₹249 crore. No comparable prior figure is available in the source record. (up 19Current reported value: 19. No comparable prior figure is available in the source record.% YoY), EBITDA of ₹26 croreCurrent reported value: ₹26 crore. No comparable prior figure is available in the source record., and PAT of ₹18 croreCurrent reported value: ₹18 crore. No comparable prior figure is available in the source record., driven by strong tire industry demand post-GST rate cuts, improved product mix, and higher capacity utilization. The company is executing a greenfield expansion in Gujarat (Phase I capex ~₹45-50 crore, revenue potential ~₹400 crore) expected to commission in Q2 FY27, alongside a brownfield expansion at Naidupa. Management targets doubling revenue every 3-4 years and improving EBITDA margins to 13-14%Current 13-14%. Reported change: flat YoY. over 2-3 years via operating leverage and non-rubber mix shift to 70:30. A pilot recycled rubber project shows encouraging initial results. Key risk: zinc price volatility could impact working capital, though management expects inventory gains to flow in Q4.