JB Chem shares jump nearly 8% as Q1 net rises

Shares of JB Chemicals & Pharmaceuticals surged nearly 8 per cent today after the company reported a 26 per cent rise in standalone net profit for the first quarter ended June 30.
The scrip climbed 7.90 per cent to settle at Rs 336.60 on BSE. During the day, it gained 14.39 per cent at Rs 356.85 -- its 52-week high.
On NSE, shares of the company jumped 7.71 per cent to end at Rs 336.50.
JB Chemicals & Pharmaceuticals has reported 25.78 per cent rise in standalone net profit at Rs 49.85 crore for the first quarter ended June.
The company had posted a net profit of Rs 39.63 crore for the same period of the previous fiscal.

Its total income from operations rose to Rs 309.22 crore for the quarter under consideration as against Rs 284.2 crore for the year-ago period.
During the quarter, the company's domestic formulations sales grew 12.50 per cent to Rs 128.78 crore while overall formulations export registered a growth of 2.54 per cent at Rs 131.08 crore.