IOL Chemicals and Pharmaceuticals Ltd reports revenue of Rs. 1000 crore

IOL Chemicals and Pharmaceuticals Limited a leading manufacturer of APIs / bulk drugs and specialty chemicals posted remarkable operational and financial performance for the quarter and year ended 31 March 2018.

Revenue from operations increased by 38.51% during quarter ended 31 March 2018 to Rs. 287.52 crore from Rs. 207.58 crore during the corresponding quarter of the previous year.

The Company has earned net profit after tax of Rs. 11.49 crore during quarter ended 31 March 2018 against Rs. 2.00 crore during the corresponding quarter of the previous year. The operating profit for quarter ended 31 March 2018 went up to Rs. 35.44 crore as against operating profit of Rs. 26.49 crore reported in the corresponding quarter ended 31 March 2017.

Revenue from operations increased by 29.46% to Rs. 1000.96 crore during financial year ended 31 March 2018 from Rs. 773.19 crore during financial year ended 31 March 2017.

The Company has earned net profit after tax of Rs. 27.70 crore during financial year ended 31 March 2018 against Rs. 4.67 crore during financial year ended 31 March 2017. The operating profit during financial year ended 31 March 2018 went up to Rs. 125.86 crore as against operating profit of Rs. 103.45 crore during financial year ended 31 March 2017.

Shares of IOL CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.106.9 as compared to the previous close of Rs. 108.2. The total number of shares traded during the day was 52100 in over 337 trades.

The stock hit an intraday high of Rs. 108 and intraday low of 102.8. The net turnover during the day was Rs. 5438905.

Source : Equity Bulls

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