Ajanta Pharma does well

Ajanta Pharma is doing extremely well, on its earning front as well as in the stock market. On 15th May, the stock had hit a new high at Rs.1578.10 and today, it went so close to this level. From its close of Rs.1442.20 yesterday, it shot up to an intraday high at Rs.1571. It has come off this high and now trades around Rs.1507 levels.

The company posted a good 45% (YoY) rise in consolidated net profit at Rs.129 crore on a 32% rise in revenue from operations at Rs.682 crore.

The operating profit came in at Rs.151 crore, up 19%.

For the financial year ended March this year, the company posted a net profit of Rs 468 crore as against Rs 387 crore for the previous fiscal year.

The revenue from operations of the company for the fiscal year ended March 2020 stood at Rs 2,588 crore as against Rs 2,055 crore for the year ago fiscal year.