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Jubilant Life Sciences surges 12% on robust March quarter earnings

Reacting to its earnings, the stock advanced as much as 12.5% to Rs 762 on the BSE

Jubilant Life Sciences
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Jubilant Life Sciences

SI Reporter New Delhi
Shares of Jubilant Life Sciences surged over 12% in trade on Wednesday after the company's consolidated net profit zoomed nearly 14-fold to Rs 149.03 crore in the March quarter on robust sales.

The company had posted a net profit of Rs 10.86 crore for the corresponding period of the previous fiscal year.

Reacting to its earnings, the stock advanced as much as 12.5% to Rs 762 on the BSE. 

Over 3 lakh shares of the scrip exchanged hands on the BSE so far against its two-week average of 50,000 shares. 

The company's consolidated total revenue from operations rose to Rs 1,641.42 crore for the