Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Solara Active Pharma Sciences Ltd posts Rs. 42.28 crore consolidated PAT in Q1FY21

Posted On: 2020-08-03 00:49:32

Solara Active Pharma Sciences Ltd has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.353 crores during the period ended June 30, 2020 as compared to Rs.308.90 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.42.28 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.17.82 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.14.74 for the period ended June 30, 2020 as compared to Rs.6.21 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 353 crs₹ 308.90 crsUp Tick 14.28%
Net Profit₹ 42.28 crs₹ 17.82 crsUp Tick 137.26%
EPS₹ 14.74₹ 6.21Up Tick 137.36%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.353 crores during the period ended June 30, 2020 as compared to Rs.334.53 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.42.28 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.26.52 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.14.74 for the period ended June 30, 2020 as compared to Rs.10.22 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 353 crs₹ 334.53 crsUp Tick 5.52%
Net Profit₹ 42.28 crs₹ 26.52 crsUp Tick 59.43%
EPS₹ 14.74₹ 10.22Up Tick 44.23%

Commenting on the performance, Bharath Sesha, the MD & CEO of the Company, added "We have started the new financial year on a strong foundation despite having a lockdown situation for three weeks in the early phase of Covid-19. Solara has delivered strong sales growth and has reported its highest ever EBITDA performance on the back of a strong base business demand and also the introduction of new products across different markets. We are also thankful to our employees who have given their best every single day amidst the hardships in these unprecedented times and have helped Solara in serving its partners and fulfilling a larger purpose for society. As Jitesh will be leaving Solara, the Board and leadership would like to thank him for his efforts in building Solara into a Global API platform and accomplish all of this in a short period. I want to extend my gratitude personally and thank Jitesh for sharing his strategic insights and guiding me through this period of transition."

Jitesh Devendra, the outgoing MD of the Company, further added "I had the pleasure of leading Solara and be part of an exciting and remarkable journey. I am pleasantly happy with the evolution of Solara into a leading global company in a short span, and I must thank the founders and the Board members who reposed their trust in me in driving many milestones for this great Company. I thank my colleagues for working along with me in this journey and deliver on the commitments in all possible ways. As I step aside from the Board and the leadership position today, I feel very deeply connected to Solara, a company that we christened. That said, I remain very confident of Solara's future, and I strongly feel that Bharath and his team would continue to deliver and continue to create value for all our stakeholders. I wish the best for Solara as they embark on the next phase of growth and success."

Shares of Solara Active Pharma Sciences Ltd was last trading in BSE at Rs.763.8 as compared to the previous close of Rs. 656.2. The total number of shares traded during the day was 59447 in over 5846 trades.

The stock hit an intraday high of Rs. 770 and intraday low of 657.9. The net turnover during the day was Rs. 43129925.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Arvind Lifestyle Brands Ltd and Gap Inc to terminate franchise business relationship in India

General Atlantic to invest Rs. 3675 crore in Reliance Retail Ventures Ltd

Godrej Properties adds a new project in Kalyan, Mumbai

VA Tech Wabag Ltd allots 75 lakh shares at Rs. 160

Indiabulls Housing Finance Ltd. raises Rs. 630 Crores by selling part of its stake in Oaknorth Bank Ltd

Makers Laboratories Ltd announces open offer to acquire upto 30,01,440 shares of Resonance Specialties Ltd at Rs. 55.50

Welspun Corp Ltd receives orders worth Rs. 1400 crore

SKINN by Titan Launches 'Escapade'

Usher in the festivities with Westside's 'What's Your Festive' Campaign

Tata Chemicals bags 3rd spot in Responsible Business Ranking 2020

Canara HSBC OBC Life Insurance rolls out additional health cover for employees amid COVID-19

TCS Global Survey Finds 90% of Large Enterprises are Maintaining or Increasing Digital Transformation Budgets Amid COVID-19

Makers Laboratories Ltd to acquire Resonance Specialties Ltd

Kaveri Seeds features in Forbes, Asia's Best under A Billion 2020 list, 6th time in the last 10 years

Vedanta Jharsuguda rolls out financial literacy training for its 'Subhalaxmi Co-operative' members

Dabur launches Ghar Ghar Immunity initiative

Zen Technologies Limited completes acquisition of 100% shareholding in Zen Medical Technologies Private Limited

KNR construction Ltd successfully completed sale of KNR Walayar Tollways Pvt Ltd to Cube Highways

Infomerics Valuation and Rating Pvt Ltd reaffirms rating of Dhunseri Ventures Limited

CRISIL reaffirms ratings of Diana Tea Company Limited

BLS wins contract from Republic of Estonia

IndiGrid approves Induction of KKR as a Sponsor

Moody's downgrades IIFL Finance to B2 from B1, outlook stable

Emkay Global Financial Services Ltd board to consider 2nd quarter results on Oct 30, 2020

LTI Recognized as a Great Place to Work™ in the USA

SBI Card inks partnership with American Express

Heritage Foods Limited board to consider Q2, H1 results on Oct 28, 2020

Myanma Foreign Trade Bank chooses Intellect for a scalable, future-proof Digital Transformation

TATA Elxsi Ltd board to consider Q2FY21 results on Oct 14, 2020

Steel Strips Wheels Ltd secures export orders of nearly 9000 wheels

Pritish Nandy Communications wins Best Script at Screenwriters' Award 2020

CRISIL reaffirms ratings of Mahindra and Mahindra Limited

Zydus Wellness Limited board fixes QIP price as Rs. 1690

IDFC First Bank's V Vaidyanathan gifts 1 lakh shares to his former school teacher

Vedanta Ltd board to announce Q1 results on Oct 3, 2020

SBI announces celebratory delights for retail customers

IRCON supported the promotion of culture and heritage by carrying out beautification work on the walls of Bengaluru Railway Station

Chembond Water receives 2020 Best Practices Award from Frost & Sullivan

Symphony introduces world's 1st 'Universal packaged air coolers' for industrial and commercial application

Central Bank of India raises Rs. 254.99 crore through QIP

Refex Industries Ltd to invest in units of RKG Fund - I

Endurance Technologies Ltd board to approve Q2, H1 FY2021 results on Nov 10, 2020

Western Union International Money Transfer Services now available at Alankit Forex India Ltd

Cosmo Films Launches BOPP-Fragranced Packaging Film

India Grid Trust completes acquisition of Jhajjar KT Transco Private Limited

Dhunseri Tea & Industries Ltd enters into MoU for sale of Khetojan Tea Estate

Anuh Pharma Ltd receives approval from WHO for Pyrimcthamine API

Dr Lalchandani Labs Ltd announces increase in capacity for Covid-19 RT-PCR testing

SBI announcement of processing fees waiver on Home Loan

EdgeVerve and Minit Partner to Deliver Actionable Process Intelligence

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019