Jubilant Organosys Ltd Q1 net up 192% at Rs.138.4 Crores

Jubilant Organosys Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted profit after taxes of Rs.1384 million for the quarter ended June 30, 2007 where as the same was at Rs.474 million for the quarter ended June 30, 2006. Total Income is Rs.5454 million for the quarter ended June 30, 2007 where as the same was at Rs.3674 million for the quarter ended June 30, 2006.

The company reported Earnings Per Share (EPS) of Rs.9.65 for quarter ending June 30, 2007 compared to Rs.3.32 during same quarter last year.

On June 01, 2007 the Company through its wholly owned subsidiaries has acquired 100% stake in Hollister-Stier Laboratories LLC (HSL), a US based company engaged in Contract Manufacturing of Sterile injectables & Producers of allegenic extracts. The Consolidated financial results of the quarter includes results of June 2007 of HSL.

On May 23, 2007 the Company subscribed to 700000 Equity shares of the face value of Rs 10/- each at a premium of Rs 36.15 each in First Trust HealthCare Ltd (FTHC) to acquire 51.85% stake. The FTHC is engaged in the business of Development & Management of Hospitals & Health care units and is run by a team of professional doctors in West Bengal.

The company invested Rs 208.50 million in Jubilant Infrastructure Ltd a wholly owned subsidiary engaged in setting up of SEZs in the states of Gujarat and Karnataka.

The stock closed the day at Rs.311.90, down by Rs.0.70 or 0.22%. The stock hit an intraday high of Rs.325 and low of Rs.300.10. The total traded quantity was 166092 compared to 2 week average of 34906.

Source : Equity Bulls

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