SPARC back in the black in Q1, reports profit of Rs 57 cr; stock jumps 14%

It's revenue from operations for the quarter under review came in at Rs 185.45 crore, clocking a growth of 970.73 per cent YoY from Rs17.32 crore reported in Q1FY20

Shares of SPARC (Sun Pharma Advanced Research Company) zoomed 14.5 per cent to Rs 200 apiece on the BSE on Wednesday after the company declared healthy June quarter results on Tuesday, post market hours. At 9:34 am, the stock was ruling 10.6 per cent higher at Rs 193.2 on the BSE, as against 343 points, or 0.9 per cent, rally in the benchmark S&P BSE Sensex.

The company's net profit in Q1FY21 came in at Rs 56.69 crore, compared with a loss of Rs 94.19 crore in the year-ago quarter. It's EBITDA stood at Rs 60.78 crore, as against a