Eris Lifesciences was up 1.18% to Rs 406.7 at 10:05 IST on the BSE after net profit rose 18% to Rs 84.05 crore on 10% rise in net sales to Rs 271.89 crore in Q1 June 2019 over Q1 June 2018.
The result was announced on Saturday, 27 July 2019.
Meanwhile, the S&P BSE Sensex was up by 75.79 points or 0.19% to 37,807.83.
On the BSE, 2717 shares were traded in the counter so far compared with average daily volumes of 2133 shares in the past two weeks. The stock had hit a high of Rs 425.1 and a low of Rs 400.55. The stock hit a 52-week high of Rs 798.8 on 27 August 2018 and a 52-week low of Rs 390 on 24 July 2019.
The company's consolidated earnings before interest tax depreciation and amortization (EBITDA) increased 18% to Rs 104.5 crore in Q1 June 2019 over Q1 June 2018.
The consolidated EBITDA margin rose to 38.1% from 35.3% in Q1 June 2019 over Q1 June 2018.
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Eris Lifesciences is engaged in developing, manufacturing and commercializing branded pharmaceutical products in select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.
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