Stock Report

INDOCO Remedies Ltd reports higher consolidated PAT of Rs. 17.04 crore in Q1



Posted On : 2020-08-11 12:44:45( TIMEZONE : IST )

INDOCO Remedies Ltd reports higher consolidated PAT of Rs. 17.04 crore in Q1

INDOCO REMEDIES 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.276.12 crores during the period ended June 30, 2020 as compared to Rs.272.49 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.17.04 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.5.36 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.85 for the period ended June 30, 2020 as compared to Rs.0.58 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 276.12 crs₹ 272.49 crsUp Tick 1.33%
Net Profit₹ 17.04 crs₹ 5.36 crsUp Tick 217.91%
EPS₹ 1.85₹ 0.58Up Tick 218.97%

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

The company has reported total income of Rs.276.12 crores during the period ended June 30, 2020 as compared to Rs.253.31 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.17.04 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.1.85 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.1.85 for the period ended June 30, 2020 as compared to Rs.0.20 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 276.12 crs₹ 253.31 crsUp Tick 9%
Net Profit₹ 17.04 crs₹ 1.85 crsUp Tick 821.08%
EPS₹ 1.85₹ 0.20Up Tick 825%

Commenting on the 1st quarter FY21 results, Aditi Panandikar, Managing Director, Indoco Remedies Ltd., said, "In the first quarter, the Company could register a growth of 7.9 % in revenues inspite of Covid-19 crisis. In these challenging times, our teams used digital platforms effectively to establish communication with the customers and maintained uninterrupted supplies of medicines in India and across the world."

Shares of INDOCO REMEDIES LTD. was last trading in BSE at Rs.249.8 as compared to the previous close of Rs. 243.95. The total number of shares traded during the day was 27502 in over 1189 trades.

The stock hit an intraday high of Rs. 257.55 and intraday low of 245. The net turnover during the day was Rs. 6879921.

Source : Equity Bulls

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