Zydus Wellness jump 11% post Q4 results
The stock of the company traded up 12.60% to Rs 848.8 during the day on the Bombay Stock Exchange (BSE).
Bombay Stock Exchange (BSE) headquarters in Mumbai. Image Source: Reuters
Shares of Zydus Wellness jumped Rs 82.05 per share, or 10.88% on Thursday after the company reported 28% rise in its consolidated net profit in the fourth quarter ended March 31.
The stock of the company went up 12.60% to Rs 848.8 during the day on the Bombay Stock Exchange (BSE).
The company's consolidated net profit during the quarter ended March 31, 2016, rose up 27.89% to Rs 2,581 lakh as compared to Rs 2,018 lakh in the corresponding period of the previous fiscal.
Its total income from operations during the period under review was up by 12.62% to Rs 10,983 lakh as compared to Rs 9,752 lakh in the year-ago period, Zydus Wellness said in a filing to the BSE.
Zydus Wellness, the producer and marketer of wellness products, posted 12.46% growth in its net sales during the period. It net sales grew Rs 10,930 lakh during the quarter as against Rs 9,719 lakh in the same period of previous fiscal.