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Indoco Remedies shines on reporting 62% rise in Q4 consolidated net profit
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Indoco Remedies is currently trading at Rs. 368.45, up by 16.25 points or 4.61% from its previous closing of Rs. 352.20 on the BSE.
The scrip opened at Rs. 364.90 and has touched a high and low of Rs. 375.10 and Rs. 360.25 respectively. So far 17408 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 529.70 on 12-Aug-2021 and a 52 week low of Rs. 321.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 377.00 and Rs. 321.05 respectively. The current market cap of the company is Rs. 3384.68 crore.
The promoters holding in the company stood at 58.69%, while Institutions and Non-Institutions held 19.42% and 21.89% respectively.
Indoco Remedies has reported a rise of 62.06% in its net profit at Rs 40.37 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 24.91 crore for the same quarter in the previous year. Total income of the company increased by 33.36% at Rs 409.17 crore for Q4FY22 as compared Rs 306.82 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 61.80% in its net profit at Rs 40.45 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 25 crore for the same quarter in the previous year. Total income of the company increased by 33.31% at Rs 409.43 crore for Q4FY22 as compared Rs 307.12 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported 67.25% rise in its net profit at Rs 154.52 crore as compared to Rs 92.39 crore for the previous year. Total income of the company increased by 24% at Rs 1542.04 crore for year under review as compared to Rs 1243.42 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported 66.36% rise in its net profit at Rs 154.80 crore as compared to Rs 93.05 crore for the previous year. Total income of the company increased by 23.98% at Rs 1543.08 crore for year under review as compared to Rs 1244.65 crore for year ended March 31, 2021.
