Bharat Rasayan Limited’s shares soared by 20% to ₹12,815.15 following a remarkable performance in its first-quarter results. The company reported a significant increase in operating numbers and a sharp rise in its net profit.
Financial Highlights
- Net Profit: Bharat Rasayan’s net profit jumped by 508% to ₹43.12 crore for the quarter ended June 2024, up from ₹7.09 crore in the same period last year.
- Sales: The company’s sales rose by 17.98% to ₹282.20 crore, compared to ₹239.20 crore in the previous year.
- EBITDA: Operating profit before depreciation, tax, and interest increased sixfold year-on-year to ₹59.37 crore from ₹14.05 crore.
| Particulars | Q1 FY24 | Q1 FY23 | % Change |
|---|---|---|---|
| Sales | ₹282.20 crore | ₹239.20 crore | +17.98% |
| EBITDA | ₹59.37 crore | ₹14.05 crore | +323% |
| Net Profit | ₹43.12 crore | ₹7.09 crore | +508% |
Key Factors
The impressive results were driven by a substantial increase in operating margins and strong sales growth. The company’s focus on operational efficiency and strategic initiatives contributed to the remarkable rise in its earnings.
TOPICS:
Bharat Rasayan