JB Chemicals - 1QFY21 Update - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"J.B. Chemicals & Pharmaceuticals Limited revenue from operations for Q1FY21 stood at ₹522.28 crores up by 17% YoY from ₹446.11 crores in Q1FY20. Profit before tax for the quarter up by 70.7% at ₹157.07 crores in Q1FY21 as compared to ₹91.98 crores in Q1FY20, Business performance during the quarter improved due to a 17 % growth in revenue coupled with an increase in other income (primarily from current investments) and a better product mix with savings in some heads of expenditure on account of the current situation due to the Covid-19 pandemic. Profit after tax for the quarter up by 92.4% at ₹119.5 crores in Q1FY21 as compared to ₹62.11 crores in Q1FY20. Company has reported better than expected results. the management control of the Company was transferred from the erstwhile promoters to the Tau Investment Holdings Pte. Ltd."

Shares of J.B.CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.838 as compared to the previous close of Rs. 799.3. The total number of shares traded during the day was 29986 in over 1768 trades.

The stock hit an intraday high of Rs. 849 and intraday low of 809.45. The net turnover during the day was Rs. 25112936.

Source : Equity Bulls

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