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SPARC back in the black in Q1, reports profit of Rs 57 cr; stock jumps 14%

It's revenue from operations for the quarter under review came in at Rs 185.45 crore, clocking a growth of 970.73 per cent YoY from Rs17.32 crore reported in Q1FY20

Topics
Buzzing stocks | SPARC | Sun Pharma

SI Reporter  |  New Delhi 

The company's net profit in Q1FY21 came in at Rs 56.69 crore, compared with a loss of Rs 94.19 crore in the year-ago quarter
SPARC's sister firm, Sun Pharma, too, was trading 1 per cent higher at Rs 534 apiece on the BSE

Shares of ( Advanced Research Company) zoomed 14.5 per cent to Rs 200 apiece on the BSE on Wednesday after the company declared healthy June quarter results on Tuesday, post market hours. At 9:34 am, the stock was ruling 10.6 per cent higher at Rs 193.2 on the BSE, as against 343 points, or 0.9 per cent, rally in the benchmark S&P BSE Sensex.

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First Published: Wed, August 05 2020. 09:52 IST
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