Shares of Jubilant Life Sciences advanced by nearly 11 per cent today after the company's consolidated net profit jumped over 26 times for the first quarter ended June 30.
The stock skyrocketed 10.64 per cent to settle at Rs 312.55 on the BSE. In intra-day, it surged 15.53 per cent to Rs 326.40 -- its 52-week high.
At NSE, the scrip climbed 10.76 per cent to close at Rs 313.35.
The company's market valuation rose by Rs 479.33 crore to Rs 4,978.33 crore.
Jubilant Life Sciences' consolidated net profit jumped by over 26 times to Rs 128.06 crore for the first quarter ended June 30, helped by lower expenses.
The company had posted a net profit of Rs 4.78 crore during the same period of the previous fiscal.
Net sales of the company declined marginally by 1.51 per cent to Rs 1,438.38 crore as compared to Rs 1,460.53 crore in the same period of the previous fiscal, Jubilant Life Sciences said in a filing to the BSE.
