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JB Chemicals surges 16%, hits all-time high as Q1 net profit jumps 92%

The company's revenue came in at Rs 522.28 crore, up 17 per cent against Rs 446.11 crore in the corresponding quarter of the previous fiscal.

Following the sharp run-up, returns are expected to plateau.

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JB Chemicals is engaged in the business of manufacturing and marketing of a diverse range of pharmaceuticals formulations herbal remedies and APIs.

SI Reporter New Delhi

2 min read Last Updated : Sep 15 2020 | 10:04 AM IST

Shares of JB Chemicals and Pharmaceuticals rallied 16 per cent to hit an all-time high of Rs 965 apiece on the BSE on Tuesday, a day after the company reported a 92.6 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 119.42 crore for the quarter ended June 2020 against Rs 62 crore profit in the year-ago period.

The company's revenue came in at Rs 522.28 crore, up 17 per cent against Rs 446.11 crore in the corresponding quarter of the previous fiscal while total income rose 18.7 per cent YoY at Rs 544.97 crore.

Topics : JB Chemicals & Pharmaceuticals Buzzing stocks Q1 results Markets

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