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Business EconomyPosted at: Feb 13 2025 3:08PM


IOL Chemicals and Pharmaceuticals net drops over 11 pc to Rs 20.55 crore in Q3

New Delhi, Feb 13 (UNI) Pharmaceutical and specialised chemical company IOL Chemicals and Pharmaceutical Ltd on Thursday reported 11.54 per cent drop in net profit year-on-year to Rs 20.55 crore during the Q3 of FY25, versus Rs 23.23 crore in the same quarter of fiscal 2022-24.
Total income during the reporting quarter fell marginally to Rs 527.37 crore, a drop of 0.26 percent from Rs 528.77 crore in the Q3 of 2023-24, the company said in a regulatory filings with the stock exchange.
Commenting on the results, Mr Vikas Gupta, joint MD, said "we are pleased to report our Q3FY25 results as despite challenges such as pricing pressures, stagnant demand and intense market competition, the company has successfully maintained stable and sustainable performance.
This resilience reflects our strategic approach and adaptability in a dynamic business environment."
The Board has declared an interim dividend of Rs 4 per share.
IOL Chemicals and Pharmaceutical Ltd is a leading manufacturer of pharmaceutical APIs and speciality chemicals. The portfolio includes ibuprofen, metformin, fenofibrate, among others.
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