Ipca Laboratories rallied 8.30% to Rs 2,118 after consolidated net profit surged 244% to Rs 445.68 crore on 42.31% jump in net sales to Rs 1,534.40 crore in Q1 June 2020 over Q1 June 2019.
Profit before tax (PBT) soared 227.11% to Rs 545.57 crore in Q1 June 2020 as against Rs 166.78 crore in Q1 June 2019. Tax expense for the quarter jumped 167% to Rs 99.89 crore as against Rs 37.35 crore paid in Q1 June 2019.
Revenue from formulations business jumped 37% to Rs 953.05 crore and revenue from Active Pharmaceutical Ingredients (APIs) business spurted 72% to Rs 513.29 crore during the quarter.
Consolidated EBITDA (before forex) spurted 183% to Rs 594.42 crore in Q1 June 2020 over Q1 June 2019. The Q1 result was declared during market hours today, 10 August 2020.
IPCA Laboratories is a vertically integrated pharmaceutical company. It produces finished dosage forms and active pharmaceutical ingredients.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app