Business EconomyPosted at: Aug 8 2024 7:40PM


JB Pharma Q1FY25 Net Profit up 25 pc to INR 177 cr

Hyderabad, Aug 8 (UNI) JB Chemicals & Pharmaceuticals ltd (JB Pharma), one of the fastest growing pharmaceutical companies in India, on Thursday reported a 25 per cent increased in its net profit at INR 177 crores for the quarter ended June 30,2024 as against INR 142 crore during the corresponding period in last year.
The company recorded revenue of INR 1004 crores in the first quarter of FY25 registering growth of 12 per cent from INR 896 crores in Q1 FY24.
Commenting on the financial results, Mr. Nikhil Chopra, CEO and Wholetime Director, JB Pharma mentioned, “Our overall performance in the first quarter has been robust. We have reached a new milestone of INR 1,000 crores in quarterly sales for the first time during any quarter, with improvement across all parameters — revenue, gross profit, operating profit and operating profit margin”.
Strong performance in the domestic business has continued, with each of the big brand franchises witnessing market-beating growth. We expect the international business including CDMO business to pick-up in the second half of the financial year, he said..
The good start in the first quarter augurs well for the balanced fiscal year. We are confident about meeting our operating and strategic goals for the year and remain focused on making the organisation progressive and future ready, he added.
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Tags: #JB Pharma Q1FY25 Net Profit up 25 pc to INR 177 cr
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