JAT Holdings PLC for Q2 of FY 2022/23 recorded its highest-ever revenue for Q2 in history, doubling its profit before tax, compared with the corresponding period in the year prior. Accordingly, JAT Holdings noted a YTD revenue growth of 40% during the period.
Gross Profit margins grew during the period under review amidst a deepening economic crisis, material scarcity in global markets and foreign exchange outflow restrictions. JAT operating profit also recorded a healthy growth of 111% during the period under review, supported by cost management efforts, which helped manage input cost inflation and foreign exchange volatility.
Profit Before Tax (PBT) and Profit After Tax (PAT) also sustained their recovery momentum, while showing sharp rises in the quarter under review, contrasted with the corresponding period in the previous year.
However the JAT has not presented Ruppe values when presenting the report.
CEO Nishal Ferdinando said, “Leveraging our excellent relationships with suppliers, we have secured raw materials and shored up our stocks to be able to meet upcoming seasonal demand.
The capital raised at the IPO has enabled us to keep borrowing costs to a minimum amidst a tighter monetary environment, which has delivered a positive boost to our bottom line.”