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Published on 15/09/2020 12:56:04 PM | Source: Angel Broking Ltd

Quote on JB Chemicals - 1QFY21 By Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

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Below is the Quote on JB Chemicals - 1QFY21 By Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

“J.B. Chemicals & Pharmaceuticals Limited revenue from operations for Q1FY21 stood at ₹522.28 crores up by 17% YoY from ₹446.11 crores in Q1FY20. Profit before tax for the quarter up by 70.7% at ₹157.07 crores in Q1FY21 as compared to ₹91.98 crores in Q1FY20, Business performance during the quarter improved due to a 17 % growth in revenue coupled with an increase in other income (primarily from current investments) and a better product mix with savings in some heads of expenditure on account of the current situation due to the Covid-19 pandemic. Profit after tax for the quarter up by 92.4% at ₹119.5 crores in Q1FY21 as compared to ₹62.11 crores in Q1FY20. Company has reported better than expected results. the management control of the Company was transferred from the erstwhile promoters to the Tau Investment Holdings Pte. Ltd.”

 

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