Thursday, November 7, 2024
Home Business Ajanta Pharma share price soars over 13.5% to new all-time high

Ajanta Pharma share price soars over 13.5% to new all-time high

by
0 comment

May 03, 2024 11:41 AM IST

Ajanta Pharma share price: Ajanta Pharma recorded a 66 per cent on year spike in consolidated net profit to ₹202.72 crore for the January-March period.

Ajanta Pharma share price: Shares of Ajanta Pharma rose 14 per cent and hit its 52-week high of ₹2,540 today (May 3) following company’s significant March quarter earnings along with its buyback plans. The company’s board approved its fourth buyback plans in four years along with its Q4 results through which the drugmaker will repurchase up to 10.28 lakh equity shares- 0.82 per cent of the total outstanding shares of the company.

Ajanta Pharma share price: Ajanta Pharma will repurchase up to 10.28 lakh equity shares- 0.82 per cent of the total outstanding shares of the company.
Ajanta Pharma share price: Ajanta Pharma will repurchase up to 10.28 lakh equity shares- 0.82 per cent of the total outstanding shares of the company.

Read more: BHEL share price today jumps nearly 9% to hit a 52-week high. Here’s why

The company has fixed buyback price at ₹2,770, offering a 24.5-per cent premium to the stock’s previous close. 

Unlock exclusive access to the latest news on India’s general elections, only on the HT App. Download Now! Download Now!

Ajanta Pharma Q4 results

Read more: Zerodha’s Nikhil Kamath says ‘9 out of 10’ company promoters regret this the most

Ajanta Pharma recorded a 66 per cent on year spike in consolidated net profit to ₹202.72 crore for the January-March period. This was up from last fiscal’s ₹122.25 crore as revenue grew 20 per cent year-on-year to ₹1,054.08 crore which was up 20 per cent from ₹881.84 crore, a year ago.

Read more: Elon Musk’s Tesla cancels internships amid layoffs: ‘What bummed me the most…’

US generics, which makes up 25 per cent of sales, delivered a 32-per cent on year growth. Asia branded generics, which accounts for 18 per cent of revenue, posted 18 per cent on year rise, the company said. 

Discover the pivotal moments that shaped India’s electoral journey on the Eras section of our exclusive Elections product. Access all content absolutely free on the HT App. Download now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs

  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.

You may also like

Leave a Comment

About Us

Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.

@2024 – All Right Reserved – Janashakti.news