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Home STOCKS Ajanta Pharma Q1 success: Profit up 29% at Rs 148 crore

Ajanta Pharma Q1 success: Profit up 29% at Rs 148 crore

New Delhi: Ajanta Pharma on Thursday noted 28.90 per cent rise in consolidated net profit to Rs 147.76 crore for the quarter ended June 30, 2020 mainly on account of sturdy exports. The enterprise experienced posted a net profit of Rs 114.63 crore for the yr-ago very same period of time, the drug company said in a filing to BSE.
Revenue from functions surged to Rs 668.20 crore for the duration of the quarter below review from Rs 611.94 crore in the exact same interval of 2019-20, it extra.
Whole export sales in the quarter were being at Rs 483 crore as from Rs 404 crore in the yr-back period, registering a progress of 19 for each cent, the firm reported.
Shares of Ajanta Pharma settled at Rs 1,512.15 apiece, up 1.52 for each cent from the prior close on BSE.

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