Jubilant Pharmova Q1 Results: Net profit down 86.4% on year to ₹6.4 crore
Jubilant Pharmova Q1 Results
The first quarter’s net profit for Jubilant Pharmova Ltd. decreased 86.4% year over year to 6.4 crore from 47.1 crore during the same time in 2016. shares fell more than 2%.
Jubilant Pharmova Ltd., a pharmaceutical firm, said on Wednesday that its consolidated net profit (attributable to shareholders of the company) for the fiscal’s first quarter ending in June (Q1FY24) fell by 86.4% year over year to 6.4 crore. In the same period last year, the company had declared a profit of 47.1 crore. Shares of Jubilant Pharmova were trading at 388.50, down more than 2%.
Disclaimer: There is a tight relationship between the promoters of HT Media Ltd, the company that produces, and Jubilant Food works. Cross-holdings between promoters don’t exist, though.
HT MEDIA
21.510.01 (0.05%)
JUBILANT FOODWORKS
475.554.80 (1.02%)
JUBILANT PHARMOVA
382.90-15.25 (-3.83%)
408.90
DAY HIGH
375.50
DAY LOW
91,001.00
VOLUME (BSE)
ASAP Livemint Stock Market news Detailed info available in the link Check here