Zydus Wellness gains on reporting 9% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Zydus Wellness is currently trading at Rs. 1491.00, up by 9.00 points or 0.61% from its previous closing of Rs. 1482.00 on the BSE.
The scrip opened at Rs. 1498.00 and has touched a high and low of Rs. 1498.00 and Rs. 1475.70 respectively. So far 889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1791.15 on 02-Nov-2022 and a 52 week low of Rs. 1363.85 on 02-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1567.95 and Rs. 1473.80 respectively. The current market cap of the company is Rs. 9484.69 crore.
The promoters holding in the company stood at 66.45%, while Institutions and Non-Institutions held 26.05% and 7.50% respectively.
Zydus Wellness has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 2- fold jump in net profit at Rs 28.66 crore for the quarter under review as compared to Rs 13.41 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 2.59% at Rs 62.32 crore for Q4FY23 as compared to Rs 63.98 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 9.02% rise in its net profit at Rs 145.33 crore for fourth quarter ended March 31, 2023 as compared to Rs 133.30 crore for the same quarter in the previous year. Total income of the company increased by 11.21% at Rs 713.70 crore for Q4FY23 as compared to Rs 641.74 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 5- fold jump in its net profit at Rs 66.42 crore as compared to Rs 12.70 crore for the previous year. Total income of the company increased by 14.40% at Rs 265.00 crore for year under review as compared to Rs 231.65 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 0.48% marginal rise in its net profit at Rs 310.37 crore as compared to Rs 308.87 crore for the previous year. Total income of the company increased by 11.89% at Rs 2259.65 crore for year under review as compared to Rs 2019.50 crore for year ended March 31, 2022.
